Brokerage Firm Rating Update on Imax Corporation (IMAX)

Imax Corporation (IMAX) : Zacks Investment Research ranks Imax Corporation (IMAX) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 8 research analysts is 1.13, which indicates as a Strong Buy.

Imax Corporation (IMAX) stock is expected to deviate a maximum of $2.12 from the average target price of $40.88 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $45 and the most muted being $38.


For the current week, the company shares have a recommendation consensus of Buy. Also, Roth Capital assumes their rating on the shares of Imax Corporation (NYSE:IMAX). The current rating of the shares is Buy. The rating by the firm was issued on July 20, 2016.

Imax Corporation (NYSE:IMAX): The stock opened at $30 and touched an intraday high of $30.27 on Wednesday. During the day, the stock corrected to an intraday low of $29.8, however, the bulls stepped in and pushed the price higher to close in the green at $30.14 with a gain of 0.03% for the day. The total traded volume for the day was 751,340. The stock had closed at $30.13 in the previous trading session.

IMAX Corporation is an entertainment technology company. The Company, along with its wholly owned subsidiaries, is specialized motion picture technologies and presentations. The Company operates through seven segments: the IMAX systems, the theater system maintenance, the joint revenue sharing arrangements, film production and IMAX DMR, film distribution, film post-production and other. The Companys businesses include the design and manufacture of theater systems (IMAX theater systems) and the sale, lease or contribution of those systems to customers, and the digital re-mastering of films into the IMAX format and the exhibition of those films in the IMAX theater network. Its trademarks include IMAX, IMAX Dome, IMAX 3D, IMAX 3D Dome, Experience It In IMAX, The IMAX Experience and An IMAX Experience, among others. The Company owns approximately 934 theater systems (828 commercial and 106 institutional) operating in 62 countries.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.