Analysts Set IMAX Corporation (NYSE:IMAX) PT at $42.70

Shares of IMAX Corporation (NYSE:IMAX) have received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $42.70.

Several research firms have recently issued reports on IMAX. Benchmark reiterated a “buy” rating on shares of IMAX in a research note on Monday, January 5th. Wedbush raised their target price on IMAX from $39.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, December 8th. Wells Fargo & Company raised their price objective on shares of IMAX from $40.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. JPMorgan Chase & Co. raised shares of IMAX from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $32.00 to $47.00 in a research report on Monday, December 15th. Finally, Wall Street Zen upgraded IMAX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 21st.

IMAX Stock Down 2.6%

IMAX stock opened at $36.64 on Monday. The company has a 50 day moving average of $36.49 and a two-hundred day moving average of $32.18. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 51.60, a PEG ratio of 1.86 and a beta of 0.37. IMAX has a 12-month low of $20.48 and a 12-month high of $39.98.

IMAX (NYSE:IMAX) last issued its earnings results on Thursday, October 23rd. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $106.65 million for the quarter, compared to the consensus estimate of $102.88 million. IMAX had a return on equity of 9.91% and a net margin of 10.47%.The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, research analysts anticipate that IMAX will post 0.91 EPS for the current year.

Insider Transactions at IMAX

In related news, EVP Giovanni M. Dolci sold 6,188 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $34.25, for a total value of $211,939.00. Following the completion of the transaction, the executive vice president owned 33,000 shares of the company’s stock, valued at $1,130,250. This represents a 15.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert D. Lister sold 50,143 shares of IMAX stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $34.67, for a total value of $1,738,457.81. Following the sale, the vice president directly owned 161,421 shares in the company, valued at $5,596,466.07. The trade was a 23.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 23.18% of the company’s stock.

Hedge Funds Weigh In On IMAX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMAX. AQR Capital Management LLC grew its position in IMAX by 47.9% during the 1st quarter. AQR Capital Management LLC now owns 56,348 shares of the company’s stock worth $1,485,000 after acquiring an additional 18,238 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in IMAX by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,486 shares of the company’s stock worth $672,000 after purchasing an additional 1,091 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in IMAX by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,714 shares of the company’s stock worth $4,208,000 after buying an additional 11,736 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in IMAX in the 2nd quarter valued at $2,091,000. Finally, Ridgewood Investments LLC bought a new stake in shares of IMAX during the second quarter worth $62,000. 93.51% of the stock is currently owned by institutional investors and hedge funds.

IMAX News Summary

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: Fujifilm’s new large-format cinema camera (GFX ETERNA 55) gained IMAX certification, broadening the pool of production equipment that can deliver IMAX-branded releases and potentially increasing future content for IMAX auditoriums. Fujifilm’s big cinema camera is now IMAX-certified.
• Positive Sentiment: Additional coverage confirms Fujifilm product(s) receiving IMAX certification, reinforcing the trend of more production gear and workflows qualifying for IMAX release standards — a long-term positive for content supply. This film-inspired Fujifilm is now IMAX certified for the big screen
• Positive Sentiment: New IMAX trailers and distribution picks signal near-term box-office inventory: Mamoru Hosoda’s Scarlet got an IMAX trailer, and the Brazilian film 2DIE4 was acquired for a North American IMAX release — both support admissions and premium ticket potential. One More IMAX Trailer for Mamoru Hosoda’s ‘Scarlet’ Anime Movie Abramorama Acquires North American Rights To ‘2DIE4’, The First Brazilian Film To Be Released In Imax — First Look Trailer
• Positive Sentiment: General explainer and feature pieces (e.g., The Hindu) are helping consumer and industry understanding of IMAX’s differentiation, which supports long-term brand value and pricing power for premium screens. What makes IMAX different?
• Neutral Sentiment: A DP interview about One Battle After Another discusses the highway chase and whether auteur Paul Thomas Anderson might use IMAX cameras — the piece generates attention but contains no confirmed high-profile IMAX adoption. ‘One Battle After Another’ DP Talks the Highway Chase and If Paul Thomas Anderson Will Ever Use IMAX Cameras
• Neutral Sentiment: Tabloid reports suggest Manchester United fans could access matches via “IMAX-style” digital season tickets — an interesting potential new use case but currently speculative and unconfirmed by IMAX or the club. Man Utd fans could watch matches through IMAX-style digital season tickets in revolutionary move

About IMAX

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.