Analysts Ratings on: IMAX Corporation (IMAX)

Imax Corporation (NYSE:IMAX) had its price objective cut by investment analysts at MKM Partners from $40.00 to $30.00 in a research note issued on Friday. Imax Corporation earned a media sentiment score of -0.04 on Accern's scale.

Shares of the company have shown an EPS growth of 13.40% in the last 5 years. Year to date is 104.07%, 61.75% over the last quarter, 98.31% for the past six months and 265.62% over the last 12 months.

Several research analysts have recently weighed in on IMAX shares. Zacks Investment Research's EPS averages are an average based on a survey of analysts that follow Imax Corporation.

Imax Corporation (NYSE:IMAX) last announced its quarterly earnings data on Thursday, April 20th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.05 by $0.01.

IMAX Corporation (IMAX) belonging to the Consumer Cyclical sector has declined -5.58% and closed its last trading session at $20.3. The business's revenue was down 25.4% on a year-over-year basis. IL now owns 94,231 shares of the company's stock worth $3,203,000 after buying an additional 1,408 shares during the period.

A number of equities research analysts have commented on IMAX shares.

07/20/2016 - Roth Capital began new coverage on Imax Corporation giving the company a " rating.

05/12/2017 - Imax Corporation had its " rating reiterated by analysts at Wedbush. Canaccord Genuity reissued a "buy" rating and issued a $39.00 price target on shares of Imax Corporation in a report on Monday, April 10th. Imax Corporation now has an average rating of "Hold" and an average target price of $37.85.

In other Imax Corporation news, Director Eric A. Demirian sold 2,670 shares of the firm's stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $25.10, for a total transaction of $67,017.00. Bank Of Nova Scotia owns 65,000 shares with a value of $2,210,000. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 18.90% of the company's stock.

Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Imax Corporation by 78.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,774 shares of the company's stock valued at $156,000 after buying an additional 2,546 shares during the period. While looking the figure depicted by the Price to Earning we can suggest that the shares of IMAX Corporation (IMAX) are overvalued. Peregrine Capital Management LLC increased its position in shares of Imax Corporation by 7.4% in the first quarter.

More notable recent Imax Corp (USA) (NYSE:IMAX) news were published by: Nasdaq.com which released: "Should You Get Rid of Imax Corporation (IMAX) Now?" on July 14, 2017, also Benzinga.com with their article: "3 Reasons To Own IMAX Shares For The Long Term" published on July 06, 2017, Benzinga.com published: "Fast Money Traders Share Their Media Picks" on July 06, 2017.

Shares of Imax Corporation (NYSE IMAX) opened at 20.30 on Tuesday. A beta of less than 1 means that the security will be less volatile than the market. It is now trading at $20.50 slightly below the 50 day moving average which is $25.48 and a bit lower than the 200 day moving average of $30.47.

Imax Corporation declared that its Board of Directors has initiated a stock buyback plan on Monday, June 12th that authorizes the company to buyback $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 12.5% of its stock through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and worldwide trademark & copyright legislation.

IMAX Corporation (NYSE:IMAX) marched up -3.45% compared to a 52-week low price of $20.25.

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