IMAX (NYSE:IMAX) Stock Rating Reaffirmed by Rosenblatt Securities

IMAX (NYSE:IMAXGet Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Rosenblatt Securities in a report issued on Monday, Benzinga reports. They currently have a $25.00 price target on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 53.09% from the company’s previous close.

Several other research firms have also recently commented on IMAX. Benchmark reiterated a “buy” rating and set a $22.00 target price on shares of IMAX in a research note on Friday, April 26th. Barrington Research restated an “outperform” rating and set a $24.00 price objective on shares of IMAX in a research note on Monday, April 22nd. Finally, Wedbush restated an “outperform” rating and set a $22.00 price objective on shares of IMAX in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.57.

View Our Latest Analysis on IMAX

IMAX Stock Up 4.1 %

NYSE IMAX opened at $16.33 on Monday. The stock has a market cap of $859.28 million, a PE ratio of 34.02, a P/E/G ratio of 1.29 and a beta of 1.21. IMAX has a fifty-two week low of $13.20 and a fifty-two week high of $20.70. The business has a 50 day moving average price of $16.55 and a two-hundred day moving average price of $15.77.

IMAX (NYSE:IMAXGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The firm had revenue of $79.12 million during the quarter, compared to analysts’ expectations of $77.88 million. IMAX had a return on equity of 9.47% and a net margin of 7.13%. Sell-side analysts anticipate that IMAX will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other IMAX news, EVP Calamera Pablo sold 6,130 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $17.05, for a total value of $104,516.50. Following the sale, the executive vice president now directly owns 42,269 shares of the company’s stock, valued at $720,686.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 24.08% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IMAX. Swiss National Bank boosted its stake in IMAX by 8.5% during the third quarter. Swiss National Bank now owns 102,000 shares of the company’s stock valued at $1,971,000 after buying an additional 8,000 shares in the last quarter. HighTower Advisors LLC boosted its stake in IMAX by 562.8% during the third quarter. HighTower Advisors LLC now owns 77,338 shares of the company’s stock valued at $1,480,000 after buying an additional 65,670 shares in the last quarter. Acadian Asset Management LLC boosted its stake in IMAX by 21.4% during the third quarter. Acadian Asset Management LLC now owns 166,142 shares of the company’s stock valued at $3,205,000 after buying an additional 29,277 shares in the last quarter. Algert Global LLC boosted its stake in IMAX by 170.0% during the third quarter. Algert Global LLC now owns 27,140 shares of the company’s stock valued at $524,000 after buying an additional 17,090 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in IMAX during the third quarter valued at about $160,000. Institutional investors own 93.51% of the company’s stock.

IMAX Company Profile

(Get Free Report)

IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.

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