Imax Corp (NYSE:IMAX) has received a consensus rating of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $29.75.
A number of equities analysts recently commented on IMAX shares. Zacks Investment Research downgraded Imax from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Wedbush set a $30.00 price target on Imax and gave the stock a “buy” rating in a research note on Monday, January 8th. B. Riley reiterated a “buy” rating and issued a $35.00 price target on shares of Imax in a research note on Monday, December 11th. ValuEngine downgraded Imax from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Canaccord Genuity set a $32.00 price target on Imax and gave the stock a “buy” rating in a research note on Monday, October 23rd.
Imax (NYSE IMAX) traded down $0.30 during trading hours on Tuesday, reaching $22.60. The company had a trading volume of 1,395,152 shares, compared to its average volume of 1,060,000. The firm has a market capitalization of $1,460.00, a P/E ratio of 226.00, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93. Imax has a fifty-two week low of $17.58 and a fifty-two week high of $34.60.
In other Imax news, insider Mark Welton sold 8,985 shares of Imax stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $25.81, for a total value of $231,902.85. Following the completion of the transaction, the insider now directly owns 16,331 shares in the company, valued at $421,503.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Greg Foster sold 3,566 shares of Imax stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $23.97, for a total value of $85,477.02. Following the completion of the transaction, the chief executive officer now owns 74,696 shares of the company’s stock, valued at $1,790,463.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,050 shares of company stock valued at $425,276. 18.90% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crow Point Partners LLC bought a new stake in shares of Imax during the fourth quarter valued at approximately $103,000. Invictus RG bought a new stake in shares of Imax during the fourth quarter valued at approximately $213,000. Formula Growth Ltd. bought a new stake in shares of Imax during the third quarter valued at approximately $222,000. First Mercantile Trust Co. bought a new stake in shares of Imax during the fourth quarter valued at approximately $231,000. Finally, Foundry Partners LLC bought a new stake in shares of Imax during the fourth quarter valued at approximately $244,000. 81.54% of the stock is currently owned by institutional investors.
WARNING: This piece of content was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://ledgergazette.com/2018/02/18/imax-corp-imax-given-average-recommendation-of-hold-by-analysts.html.
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.
Receive News & Ratings for Imax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imax and related companies with MarketBeat.com's FREE daily email newsletter.