After B.Riley FBR and MKM Partners gave IMAX Corp (NYSE: IMAX) a Buy rating last month, the company received another Buy, this time from Wedbush. Analyst Michael Pachter reiterated a Buy rating on IMAX Corp today and set a price target of $28. The company’s shares closed yesterday at $20.84.
According to TipRanks.com, Pachter is a 1-star analyst with an average return of -2.1% and a 46.4% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Best Buy Co.
Currently, the analyst consensus on IMAX Corp is a Strong Buy with an average price target of $28, representing a 34.4% upside. In a report issued on February 20, MKM Partners also maintained a Buy rating on the stock with a $27 price target.
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IMAX Corp’s market cap is currently $1.3B and has a P/E ratio of 51.44. The company has a Price to Book ratio of 2.43.
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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.
