In a report released today, Eric Wold from B.Riley FBR reiterated a Buy rating on IMAX Corp (IMAX), with a price target of $34. The company’s shares opened today at $20.41.
According to TipRanks.com, Wold is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -5.9% and a 33.5% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
Currently, the analyst consensus on IMAX Corp is a Strong Buy with an average price target of $29.25.
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Based on IMAX Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $8.27 million. In comparison, last year the company had a net profit of $7.63 million.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. Last month, Neil Braun, a Director at IMAX sold 8,000 shares for a total of $169,120.
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.
