IMAX (NYSE:IMAX - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Barrington Research in a research report issued on Thursday,Benzinga reports. They presently have a $32.00 price objective on the stock. Barrington Research's price objective suggests a potential upside of 18.92% from the company's previous close.
IMAX has been the subject of several other research reports. JPMorgan Chase & Co. decreased their price objective on IMAX from $27.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Benchmark restated a "buy" rating on shares of IMAX in a report on Wednesday, July 9th. Wall Street Zen upgraded IMAX from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Wells Fargo & Company decreased their price objective on IMAX from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Rosenblatt Securities restated a "buy" rating and set a $35.00 price objective on shares of IMAX in a report on Friday, July 11th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, IMAX has an average rating of "Buy" and an average price target of $32.80.
Get Our Latest Stock Report on IMAX
IMAX Trading Down 4.9%
IMAX stock traded down $1.38 during mid-day trading on Thursday, reaching $26.91. The company's stock had a trading volume of 3,423,552 shares, compared to its average volume of 1,021,881. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 44.85, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80. The business's 50 day moving average price is $27.72 and its 200 day moving average price is $25.72. IMAX has a 12 month low of $18.76 and a 12 month high of $29.66.
IMAX (NYSE:IMAX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.19 by $0.07. The firm had revenue of $91.68 million during the quarter, compared to the consensus estimate of $93.04 million. IMAX had a return on equity of 8.79% and a net margin of 9.04%. The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 earnings per share. As a group, equities analysts expect that IMAX will post 0.91 EPS for the current fiscal year.
IMAX declared that its Board of Directors has initiated a share repurchase plan on Thursday, June 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 6.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Neuberger Berman Group LLC grew its stake in IMAX by 4.1% in the 1st quarter. Neuberger Berman Group LLC now owns 13,838 shares of the company's stock valued at $365,000 after purchasing an additional 542 shares during the period. Mission Wealth Management LP grew its stake in IMAX by 2.9% in the 1st quarter. Mission Wealth Management LP now owns 30,408 shares of the company's stock valued at $801,000 after purchasing an additional 845 shares during the period. MetLife Investment Management LLC grew its stake in IMAX by 3.4% in the 4th quarter. MetLife Investment Management LLC now owns 25,918 shares of the company's stock valued at $664,000 after purchasing an additional 848 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in IMAX by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,395 shares of the company's stock valued at $625,000 after purchasing an additional 905 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in IMAX by 1.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 104,510 shares of the company's stock valued at $2,754,000 after purchasing an additional 1,309 shares during the period. Institutional investors own 93.51% of the company's stock.
IMAX Company Profile
(
Get Free Report)
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.
Featured Articles

Before you consider IMAX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IMAX wasn't on the list.
While IMAX currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.