IMAX (NYSE:IMAX) Cut to Equal Weight at Wells Fargo & Company

Wells Fargo & Company downgraded shares of IMAX (NYSE:IMAX) from an overweight rating to an equal weight rating in a report released on Thursday morning, MarketBeat Ratings reports. The firm currently has $41.00 price target on the stock.

Several other equities research analysts have also weighed in on the stock. Wall Street Zen lowered shares of IMAX from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $60.00 price target on shares of IMAX in a report on Friday, May 22nd. JPMorgan Chase & Co. reduced their price target on shares of IMAX from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Seaport Research Partners reaffirmed a “buy” rating and set a $50.00 price objective on shares of IMAX in a research note on Wednesday, June 24th. Finally, Barrington Research raised their price objective on shares of IMAX from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.30.

IMAX Price Performance

IMAX stock opened at $39.09 on Thursday. The company has a market capitalization of $2.15 billion, a PE ratio of 60.14, a price-to-earnings-growth ratio of 1.44 and a beta of 0.37. IMAX has a one year low of $24.20 and a one year high of $45.52. The business has a 50 day simple moving average of $39.32 and a 200 day simple moving average of $37.90.

IMAX (NYSE:IMAX) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. IMAX had a return on equity of 13.61% and a net margin of 9.08%.The firm had revenue of $81.38 million for the quarter, compared to analysts’ expectations of $79.82 million. During the same period in the prior year, the business posted $0.13 earnings per share. The business’s revenue was down 6.1% compared to the same quarter last year. Equities analysts anticipate that IMAX will post 1.3 earnings per share for the current fiscal year.

Insider Buying and Selling at IMAX

In other news, CEO Richard L. Gelfond sold 8,943 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $37.33, for a total value of $333,842.19. Following the completion of the sale, the chief executive officer directly owned 765,002 shares in the company, valued at approximately $28,557,524.66. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 20.55% of the company’s stock.

Institutional Investors Weigh In On IMAX

A number of hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC bought a new position in shares of IMAX in the third quarter worth about $27,000. Quarry LP grew its stake in shares of IMAX by 166.8% during the fourth quarter. Quarry LP now owns 875 shares of the company’s stock valued at $32,000 after purchasing an additional 547 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of IMAX by 2,310.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,157 shares of the company’s stock valued at $38,000 after purchasing an additional 1,109 shares in the last quarter. Torren Management LLC acquired a new stake in shares of IMAX in the fourth quarter valued at approximately $40,000. Finally, Aster Capital Management DIFC Ltd raised its position in IMAX by 863.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,666 shares of the company’s stock worth $62,000 after purchasing an additional 1,493 shares during the last quarter. Institutional investors own 93.51% of the company’s stock.

More IMAX News

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: Wedbush reiterated an Outperform rating and $46 price target on IMAX, saying the company is positioned for a stronger second half of 2026 even though Q2 growth is expected to be modest. IMAX seen poised for stronger second half despite expected modest Q2
• Positive Sentiment: Media coverage around The Odyssey highlights strong demand for IMAX 70mm and premium screenings, with fans paying premiums and seeking out limited-format showings. That kind of buzz can support IMAX’s brand and box-office-driven revenue outlook.
• Neutral Sentiment: IMAX said expanding 70mm projector capacity is “not practical,” suggesting demand is real but supply remains limited. This supports the premium value of the format, but it also caps near-term upside from the film’s release.
• Neutral Sentiment: Several articles ahead of earnings emphasize that IMAX is expected to report modest Q2 results and that analysts are watching whether growth accelerates later in the year. Imax (IMAX) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Wells Fargo downgraded IMAX from Overweight to Equal Weight, even while setting a $41 price target. The downgrade could weigh on sentiment by signaling less upside near term. IMAX downgraded by Wells Fargo & Company

About IMAX

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.