B.Riley FBR analyst Eric Wold reiterated a Buy rating on IMAX Corp (IMAX) today. The company’s shares closed on Friday at $19.31.
Wold wrote:
“We are revisiting IMAX Corporation (IMAX) after the company reported final 4Q18 global box office results that came in well ahead of expectations that not only boost the outlook for that quarter’s results, but also set a positive tone for underlying demand ahead of an impressive IMAX-friendly film slate on tap for 2019. We are increasing our 4Q18 adjusted EBITDA and adjusted EPS estimates ahead of consensus as we expect the company’s attractive IP-licensing operating model to benefit from the high-margin box office flow-through.”
According to TipRanks.com, Wold has 0 stars on 0-5 star ranking scale with an average return of -3.6% and a 36.1% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for IMAX Corp with a $28 average price target.
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The company has a one-year high of $27.60 and a one-year low of $17.55. Currently, IMAX Corp has an average volume of 644.1K.
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IMAX Corp. is an entertainment technology company, which engages in the business of motion picture technologies and presentations. It operates through following business segments: Network Business, Theater Business, New Business, and Other.
