Imax Corporation (NYSE:IMAX) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.38 by 8 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Benchmark, maintains their rating on the shares of Imax Corporation (NYSE:IMAX). Benchmark has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $43.58 per share from a prior target of $40.78. The rating by the firm was issued on March 7, 2016.
Imax Corporation (NYSE:IMAX) stock has received a short term price target of $ 41.5 from 8 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $2.27. The higher estimate of target price is $45 , while the lower price target estimate is $40
Imax Corporation (NYSE:IMAX) witnessed a decline in the market cap on Tuesday as its shares dropped 3.03% or 0.91 points. After the session commenced at $29.87, the stock reached the higher end at $30.09 while it hit a low of $28.72. With the volume soaring to 859,491 shares, the last trade was called at $29.08. The company has a 52-week high of $43.8. The company has a market cap of $1,985 million and there are 68,276,139 shares in outstanding. The 52-week low of the share price is $25.52.
IMAX Corporation has lost 2.25% in the last five trading days and dropped 11.21% in the last 4 weeks. IMAX Corporation has dropped 5.62% during the last 3-month period . Year-to-Date the stock performance stands at -18.18%.
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.