IMAX Co. (NYSE:IMAX – Get Rating) has earned a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $24.86.
Separately, Benchmark reissued a “buy” rating and set a $28.00 target price on shares of IMAX in a research report on Thursday, February 24th.
In other news, EVP Jacqueline Bassani sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $18.13, for a total transaction of $108,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 23.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new position in IMAX during the 4th quarter valued at $29,000. National Bank of Canada FI bought a new position in IMAX during the 4th quarter valued at $46,000. Victory Capital Management Inc. bought a new position in IMAX during the 3rd quarter valued at $179,000. Bridgefront Capital LLC bought a new position in IMAX during the 4th quarter valued at $180,000. Finally, Probity Advisors Inc. bought a new position in IMAX during the 4th quarter valued at $193,000. Institutional investors own 90.28% of the company’s stock.
NYSE:IMAX traded up $0.18 on Monday, reaching $18.15. 5,416 shares of the stock traded hands, compared to its average volume of 605,798. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -47.08, a price-to-earnings-growth ratio of 4.71 and a beta of 1.47. The company’s 50 day moving average is $18.61 and its 200-day moving average is $18.62. IMAX has a 1-year low of $13.60 and a 1-year high of $23.57.
About IMAX
IMAX Corp. is an entertainment technology company, which engages in the business of motion picture technologies and presentations. It operates through following four business segments: IMAX Technology Network; IMAX Technology Sales and Maintenance; New Business Initiatives; and Film Distribution and Post-Production.