Could Imax Corp (USA) (IMAX) Rise Even More? The Stock Had Another Big Increase Today

September 17, 2017 - By Louis Casey

The stock of Imax Corp (USA) (NYSE:IMAX) is a huge mover today! The stock increased 5.00% or $1.05 on September 15, reaching $22.05. About 2.10 million shares traded or 101.92% up from the average. Imax Corp (USA) (NYSE:IMAX) has declined 15.66% since September 17, 2016 and is downtrending. It has underperformed by 32.36% the S&P500.
The move comes after 8 months positive chart setup for the $1.43 billion company. It was reported on Sep, 17 by Barchart.com. We have $23.59 PT which if reached, will make NYSE:IMAX worth $100.10M more.

Wall Street await Imax Corp (USA) (NYSE:IMAX) to release earnings on October, 19. Analysts forecast EPS of $-0.01, down exactly $0.02 or 200.00 % from 2014’s $0.01 EPS. After posting $0.08 EPS for the previous quarter, Imax Corp (USA)’s analysts now forecast -112.50 % negative EPS growth.

Imax Corp (USA) (NYSE:IMAX) Ratings Coverage

Among 13 analysts covering IMAX (NYSE:IMAX), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. IMAX had 39 analyst reports since July 21, 2015 according to SRatingsIntel. Benchmark maintained the stock with “Buy” rating in Monday, March 7 report. The firm has “Buy” rating by Piper Jaffray given on Thursday, September 7. The stock of Imax Corp (USA) (NYSE:IMAX) has “Buy” rating given on Thursday, July 20 by Roth Capital. B. Riley & Co maintained the stock with “Buy” rating in Tuesday, October 20 report. The company was maintained on Friday, April 21 by Wedbush. As per Wednesday, February 1, the company rating was downgraded by Credit Suisse. The rating was maintained by Canaccord Genuity with “Buy” on Friday, August 18. M Partners maintained Imax Corp (USA) (NYSE:IMAX) rating on Thursday, July 6. M Partners has “Buy” rating and $3000 target. The stock has “Buy” rating by M Partners on Wednesday, April 26. As per Thursday, June 8, the company rating was maintained by Canaccord Genuity.

More important recent Imax Corp (USA) (NYSE:IMAX) news were published by: Seekingalpha.com which released: “IMAX May Surprise Investors” on September 11, 2017, also Prnewswire.com published article titled: “IMAX Corporation to Present at the Goldman Sachs 26th Annual Communacopia …”, Seekingalpha.com published: “Is This The Bottom For IMAX?” on August 29, 2017. More interesting news about Imax Corp (USA) (NYSE:IMAX) was released by: Investorplace.com and their article: “Imax Corp (USA)(IMAX) Shares Pop on Cineplex Deal” with publication date: August 24, 2017.

IMAX Corporation is an entertainment technology company. The company has market cap of $1.43 billion. The Firm operates through seven divisions: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. It has a 150.92 P/E ratio. The IMAX systems segment designs, makes, sells or leases IMAX theater projection system equipment.

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