IMAX Corp (IMAX) Received its Third Buy in a Row


After MKM Partners and Wedbush gave IMAX Corp (NYSE: IMAX) a Buy rating last month, the company received another Buy, this time from B.Riley FBR. Analyst Eric Wold maintained a Buy rating on IMAX Corp today and set a price target of $34. The company’s shares closed on Friday at $22.97.

According to TipRanks.com, Wold ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.8% and a 38.4% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for IMAX Corp with a $27.80 average price target, representing a 21.0% 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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Based on IMAX Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $1.69 million. In comparison, last year the company had a net profit of $4.83 million.

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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.

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