Imax (NYSE:IMAX)‘s stock had its “outperform” rating restated by equities research analysts at Wedbush in a report released on Tuesday, February 20th, MarketBeat.com reports. They currently have a $30.00 price objective on the stock. Wedbush’s target price suggests a potential upside of 41.84% from the stock’s current price.
A number of other research firms also recently commented on IMAX. ValuEngine downgraded Imax from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Piper Jaffray Companies downgraded Imax from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $28.00 to $21.00 in a report on Wednesday, January 10th. JPMorgan Chase & Co. raised Imax from a “neutral” rating to an “overweight” rating in a report on Friday, October 27th. B. Riley reaffirmed a “buy” rating and set a $35.00 target price on shares of Imax in a report on Monday, January 8th. Finally, Barrington Research raised Imax from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.63.
Imax (NYSE:IMAX) traded up $0.50 during trading hours on Tuesday, reaching $21.15. The company’s stock had a trading volume of 1,220,000 shares, compared to its average volume of 1,060,000. Imax has a 52 week low of $17.58 and a 52 week high of $34.60. The company has a market cap of $1,370.00, a P/E ratio of 117.50, a PEG ratio of 1.56 and a beta of 0.82.
A number of institutional investors and hedge funds have recently bought and sold shares of IMAX. Schwab Charles Investment Management Inc. increased its position in Imax by 5.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 99,100 shares of the company’s stock valued at $2,181,000 after acquiring an additional 5,500 shares during the period. Vanguard Group Inc. increased its position in Imax by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 268,791 shares of the company’s stock valued at $5,913,000 after acquiring an additional 11,760 shares during the period. Dimensional Fund Advisors LP increased its position in Imax by 189.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 682,021 shares of the company’s stock valued at $15,007,000 after acquiring an additional 446,672 shares during the period. State Street Corp increased its position in Imax by 6.3% in the 2nd quarter. State Street Corp now owns 1,131,398 shares of the company’s stock valued at $24,891,000 after acquiring an additional 67,191 shares during the period. Finally, Peregrine Capital Management LLC increased its position in Imax by 17.6% in the 3rd quarter. Peregrine Capital Management LLC now owns 1,083,133 shares of the company’s stock valued at $24,533,000 after acquiring an additional 162,301 shares during the period. Hedge funds and other institutional investors own 86.01% of the company’s stock.
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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