IMAX Co. (NYSE:IMAX – Get Free Report) has earned an average rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $24.11.
Several research analysts recently commented on IMAX shares. Barrington Research reissued an “outperform” rating and set a $24.00 price target on shares of IMAX in a research report on Wednesday, September 25th. Wedbush increased their price objective on IMAX from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, September 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $28.00 target price on shares of IMAX in a research note on Friday, October 4th. B. Riley upped their price target on shares of IMAX from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of IMAX from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, October 14th.
Check Out Our Latest Report on IMAX
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IMAX Price Performance
IMAX stock opened at $20.53 on Friday. The firm has a 50-day moving average of $20.60 and a 200-day moving average of $18.55. IMAX has a one year low of $13.20 and a one year high of $22.13. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 51.33, a P/E/G ratio of 1.52 and a beta of 1.25.
IMAX Company Profile
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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