Will Imax Corp (USA) (IMAX) Go Down Anytime Soon?

September 17, 2017 - By Richard Conner

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 2.10M 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. The stock of Imax Corp (USA) (NYSE:IMAX) has “Buy” rating given on Thursday, July 27 by Wedbush. The stock of Imax Corp (USA) (NYSE:IMAX) earned “Buy” rating by Roth Capital on Wednesday, July 20. The company was maintained on Wednesday, September 14 by Macquarie Research. Goldman Sachs maintained the stock with “Neutral” rating in Friday, November 20 report. On Tuesday, June 13 the stock rating was maintained by Roth Capital with “Buy”. As per Wednesday, June 7, the company rating was downgraded by Benchmark. Roth Capital maintained the shares of IMAX in report on Thursday, July 20 with “Buy” rating. Piper Jaffray maintained the stock with “Buy” rating in Thursday, September 7 report. The company was downgraded on Wednesday, February 1 by Credit Suisse. Stifel Nicolaus maintained it with “Buy” rating and $40 target in Wednesday, September 9 report.

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 Seekingalpha.com published article titled: “Is This The Bottom For IMAX?”, Investorplace.com published: “Imax Corp (USA)(IMAX) Shares Pop on Cineplex Deal” on August 24, 2017. More interesting news about Imax Corp (USA) (NYSE:IMAX) was released by: Prnewswire.com and their article: “IMAX Corporation to Present at the Goldman Sachs 26th Annual Communacopia …” with publication date: August 23, 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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