Canaccord Genuity analyst Aravinda Galappatthige upgraded IMAX (IMAX) to Buy today and set a price target of $23.00. The company’s shares closed last Monday at $17.10, close to its 52-week low of $16.29.
According to TipRanks.com, Galappatthige is a 4-star analyst with an average return of 3.2% and a 58.0% success rate. Galappatthige covers the Services sector, focusing on stocks such as Yellow Media, WildBrain, and Cineplex.
IMAX has an analyst consensus of Strong Buy, with a price target consensus of $22.75, implying a 33.0% upside from current levels. In a report issued on February 12, B.Riley FBR also reiterated a Buy rating on the stock with a $26.00 price target.
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IMAX’s market cap is currently $1.05B and has a P/E ratio of 34.53. The company has a Price to Book ratio of 1.99.
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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 four business segments: Network Business, Theater Business, New Business, and Other.
