Imax (IMAX) PT Raised to $37.75 at B. Riley
Imax (NYSE:IMAX) had its price target increased by B. Riley from $35.00 to $37.75 in a report published on Wednesday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.
A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. began coverage on Imax in a research note on Tuesday, February 20th. They set an overweight rating and a $28.00 price target on the stock. Wedbush reaffirmed an outperform rating and issued a $30.00 target price on shares of Imax in a research report on Tuesday, February 20th. ValuEngine lowered Imax from a hold rating to a sell rating in a research report on Friday, February 2nd. Piper Jaffray Companies lowered Imax from an overweight rating to a neutral rating and cut their target price for the stock from $28.00 to $21.00 in a research report on Wednesday, January 10th. Finally, Zacks Investment Research lowered Imax from a hold rating to a sell rating in a research report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Imax has a consensus rating of Hold and an average target price of $28.63.
Shares of Imax (NYSE IMAX) traded up $0.95 during trading on Wednesday, hitting $20.95. The company’s stock had a trading volume of 2,348,636 shares, compared to its average volume of 1,054,693. Imax has a one year low of $17.58 and a one year high of $34.60. The stock has a market cap of $1,298.04, a price-to-earnings ratio of 523.88, a PEG ratio of 1.19 and a beta of 0.82.
A number of hedge funds and other institutional investors have recently made changes to their positions in IMAX. Crow Point Partners LLC acquired a new stake in Imax in the 4th quarter valued at $103,000. Invictus RG acquired a new stake in Imax in the 4th quarter valued at $213,000. Formula Growth Ltd. acquired a new stake in Imax in the 3rd quarter valued at $222,000. First Mercantile Trust Co. acquired a new stake in Imax in the 4th quarter valued at $231,000. Finally, Foundry Partners LLC acquired a new stake in Imax in the 4th quarter valued at $244,000. Hedge funds and other institutional investors own 83.29% of the company’s stock.
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Imax Company Profile
IMAX Corporation is an entertainment technology company. The Company operates through seven segments: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment.
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