Is Buying Imax Corp (USA) (IMAX) Here a Winning Strategy?

September 17, 2017 - By Ellis Scott

The stock of Imax Corp (USA) (NYSE:IMAX) is a huge mover today! The stock increased 5.00% or $1.05 on September 15, reaching $22.05. About 2.10 million shares traded or 101.92% up from the average. Imax Corp (USA) (NYSE:IMAX) has declined 15.66% since September 17, 2016 and is downtrending. It has underperformed by 32.36% the S&P500.
The move comes after 8 months positive chart setup for the $1.43 billion company. It was reported on Sep, 17 by Barchart.com. We have $23.59 PT which if reached, will make NYSE:IMAX worth $100.10M more.

Investors wait Imax Corp (USA) (NYSE:IMAX) to report on October, 19. its quarterly earnings Wall Street analysts expect $-0.01 EPS, down $0.02 or 200.00 % from last year’s $0.01 same quarter earnings. Imax Corp (USA)’s Wall Street analysts see -112.50 % negative EPS growth, taking into account the $0.08 EPS reproted in the previous quarter,

Imax Corp (USA) (NYSE:IMAX) Ratings Coverage

Among 13 analysts covering IMAX (NYSE:IMAX), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. IMAX had 39 analyst reports since July 21, 2015 according to SRatingsIntel. Roth Capital maintained it with “Buy” rating and $3300 target in Tuesday, June 13 report. Piper Jaffray maintained Imax Corp (USA) (NYSE:IMAX) rating on Thursday, September 7. Piper Jaffray has “Buy” rating and $30.0 target. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, April 11. The firm earned “Buy” rating on Wednesday, April 26 by M Partners. The stock of Imax Corp (USA) (NYSE:IMAX) earned “Hold” rating by Benchmark on Wednesday, June 7. The stock has “Outperform” rating by Credit Suisse on Friday, November 11. The stock of Imax Corp (USA) (NYSE:IMAX) has “Neutral” rating given on Friday, November 20 by Goldman Sachs. The stock of Imax Corp (USA) (NYSE:IMAX) earned “Hold” rating by Barrington on Wednesday, July 12. The rating was upgraded by Wedbush to “Outperform” on Monday, February 22. The stock of Imax Corp (USA) (NYSE:IMAX) has “Buy” rating given on Thursday, July 27 by Wedbush.

More important recent Imax Corp (USA) (NYSE:IMAX) news were published by: Seekingalpha.com which released: “IMAX May Surprise Investors” on September 11, 2017, also Seekingalpha.com published article titled: “Is This The Bottom For IMAX?”, Prnewswire.com published: “IMAX Corporation to Present at the Goldman Sachs 26th Annual Communacopia …” on August 23, 2017. More interesting news about Imax Corp (USA) (NYSE:IMAX) was released by: Investorplace.com and their article: “Imax Corp (USA)(IMAX) Shares Pop on Cineplex Deal” with publication date: August 24, 2017.

IMAX Corporation is an entertainment technology company. The company has market cap of $1.43 billion. The Firm operates through seven divisions: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. It has a 150.92 P/E ratio. The IMAX systems segment designs, makes, sells or leases IMAX theater projection system equipment.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.