IMAX Corporation (NYSE:IMAX) Receives $43.70 Average Price Target from Analysts

IMAX Corporation (NYSE:IMAX) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $43.70.

Several analysts have recently weighed in on the company. Wall Street Zen cut IMAX from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Weiss Ratings restated a “buy (b)” rating on shares of IMAX in a report on Monday, December 29th. Barrington Research restated an “outperform” rating and set a $42.00 price target on shares of IMAX in a report on Monday, January 26th. Roth Mkm restated a “buy” rating and set a $42.00 price target on shares of IMAX in a report on Monday, December 8th. Finally, Wedbush restated an “outperform” rating and set a $46.00 price target on shares of IMAX in a report on Monday, February 23rd.

Insider Activity

In related news, CEO Richard L. Gelfond sold 12,987 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $40.26, for a total value of $522,856.62. Following the sale, the chief executive officer directly owned 765,002 shares in the company, valued at $30,798,980.52. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kevin Douglas sold 330,200 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $37.82, for a total value of $12,488,164.00. Following the completion of the sale, the insider owned 3,657,450 shares in the company, valued at $138,324,759. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 714,244 shares of company stock worth $27,347,019. Company insiders own 23.18% of the company’s stock.

Institutional Trading of IMAX

Several institutional investors have recently added to or reduced their stakes in IMAX. CIBC Private Wealth Group LLC bought a new stake in IMAX in the third quarter valued at approximately $27,000. Quarry LP boosted its holdings in IMAX by 166.8% in the fourth quarter. Quarry LP now owns 875 shares of the company’s stock valued at $32,000 after acquiring an additional 547 shares during the last quarter. First Horizon Corp bought a new stake in IMAX in the third quarter valued at approximately $34,000. Jones Financial Companies Lllp boosted its holdings in IMAX by 43.8% in the third quarter. Jones Financial Companies Lllp now owns 1,041 shares of the company’s stock valued at $34,000 after acquiring an additional 317 shares during the last quarter. Finally, Clearstead Advisors LLC bought a new stake in IMAX in the third quarter valued at approximately $35,000. 93.51% of the stock is currently owned by institutional investors.

IMAX Stock Down 2.0%

IMAX stock opened at $39.32 on Friday. IMAX has a 12-month low of $20.48 and a 12-month high of $43.16. The business’s 50-day moving average price is $37.88 and its two-hundred day moving average price is $35.91. The stock has a market cap of $2.12 billion, a PE ratio of 63.42, a P/E/G ratio of 1.89 and a beta of 0.41.

IMAX (NYSE:IMAX) last released its earnings results on Wednesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.15. The firm had revenue of $125.21 million for the quarter, compared to analysts’ expectations of $120.30 million. IMAX had a return on equity of 13.53% and a net margin of 8.50%.The business’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 earnings per share. As a group, analysts expect that IMAX will post 0.91 earnings per share for the current year.

Trending Headlines about IMAX

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: Early sales and 70mm screenings for Dune: Part Three are driving strong demand for IMAX premium formats — multiple outlets report IMAX 70mm shows selling out quickly and heavy consumer interest, a sign of potentially higher per-ticket revenue and stronger box-office contribution to IMAX results. Read More.
• Positive Sentiment: Multiple reports note instant sell-outs and high resale prices for IMAX 70mm screenings (including early shows months ahead of release), indicating scarcity and willingness-to-pay that could lift IMAX’s premium pricing and concession-linked economics on opening weekends. Read More.
• Neutral Sentiment: Analyst commentary highlights IMAX’s long-term growth profile tied to global premium-screen expansion and box-office rebounds; useful context for investors but not an immediate catalyst. Read More.
• Negative Sentiment: CEO Richard Gelfond sold ~25,000 shares across recent trades under a pre-arranged Rule 10b5-1 plan (~$40/share), reducing his ownership modestly; insider sales can create near-term investor concern even when executed under a trading plan. Read More.

IMAX Company Profile

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.