B.Riley FBR Reiterates a Buy Rating on IMAX (IMAX)
In a report released today, Eric Wold from B.Riley FBR reiterated a Buy rating on IMAX (IMAX), with a price target of $26.00. The company’s shares closed last Monday at $17.47, close to its 52-week low of $16.29.
According to TipRanks.com, Wold is ranked 0 out of 5 stars with an average return of -5.7% and a 38.0% success rate. Wold covers the Services sector, focusing on stocks such as National Cinemedia, Cinemark Holdings, and AMC Entertainment.
Currently, the analyst consensus on IMAX is a Strong Buy with an average price target of $24.60, which is a 42.2% upside from current levels. In a report issued on January 29, Benchmark Co. also maintained a Buy rating on the stock with a $20.00 price target.
See today’s analyst top recommended stocks >>
Based on IMAX’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $9.03 million. In comparison, last year the company had a net profit of $1.69 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
IMAX Corp. is an entertainment technology company, which engages in the business of motion picture technologies and presentations. It operates through following four business segments: Network Business, Theater Business, New Business, and Other.