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Shares of IMAX (NASDAQ:IMAX) have earned a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the company, Stock Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $30.46.

IMAX (NASDAQ:IMAX) opened at 27.72 on Tuesday. IMAX has a one year low of $24.01 and a one year high of $31.23. The stock has a 50-day moving average of $26.43 and a 200-day moving average of $26.76. The company has a market cap of $1.897 billion and a price-to-earnings ratio of 44.34.

IMAX (NASDAQ:IMAX) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.02. The company had revenue of $79.15 million for the quarter, compared to the consensus estimate of $81.10 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts predict that IMAX will post $0.78 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on IMAX shares. Analysts at Zacks reiterated a “neutral” rating on shares of IMAX in a research note on Tuesday, August 12th. They now have a $28.00 price target on the stock. Separately, analysts at Benchmark Co. upgraded shares of IMAX from a “hold” rating to a “buy” rating in a research note on Friday, July 25th. Finally, analysts at Dougherty & Co reiterated a “buy” rating on shares of IMAX in a research note on Thursday, July 24th. They now have a $38.00 price target on the stock.

IMAX Corporation, together with its wholly owned subsidiaries, is an entertainment technology companies, specializing in motion picture technologies and presentations.

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