Imax Corporation (IMAX) has an average broker rating of 1.13, which is interpreted as a Strong Buy, as rated by 8 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Imax Corporation (IMAX) : The highest short term price target forecast on Imax Corporation (IMAX) is $45 and the lowest target price is $38. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $40.88 with a standard deviation of $2.12.
Also, Roth Capital assumes its rating on Imax Corporation (NYSE:IMAX). Analysts at the Roth Capital have a current rating of Buy on the shares. The rating by the firm was issued on July 20, 2016.
Imax Corporation (NYSE:IMAX): After opening at $28.7, the stock dipped to an intraday low of $28.58 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.74 and the buying power remained strong till the end. The stock closed at $29.64 for the day, a gain of 3.17% for the day session. The total traded volume was 860,620. The stocks close on the previous trading day was $28.73.
IMAX Corporation is an entertainment technology company. The Company, along with its wholly owned subsidiaries, is specialized motion picture technologies and presentations. The Company operates through seven segments: the IMAX systems, the theater system maintenance, the joint revenue sharing arrangements, film production and IMAX DMR, film distribution, film post-production and other. The Companys businesses include the design and manufacture of theater systems (IMAX theater systems) and the sale, lease or contribution of those systems to customers, and the digital re-mastering of films into the IMAX format and the exhibition of those films in the IMAX theater network. Its trademarks include IMAX, IMAX Dome, IMAX 3D, IMAX 3D Dome, Experience It In IMAX, The IMAX Experience and An IMAX Experience, among others. The Company owns approximately 934 theater systems (828 commercial and 106 institutional) operating in 62 countries.