What’s Imax Corp (USA) (IMAX) Upside After Today’s Significant Increase?

September 17, 2017 - By Adrian Erickson

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.

Analysts expect Imax Corp (USA) (NYSE:IMAX) to report $-0.01 EPS on October, 19.They anticipate $0.02 EPS change or 200.00 % from last quarter’s $0.01 EPS. After having $0.08 EPS previously, Imax Corp (USA)’s analysts see -112.50 % 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. On Friday, October 16 the stock rating was maintained by Dougherty & Company with “Buy”. As per Tuesday, June 13, the company rating was maintained by Roth Capital. Canaccord Genuity maintained Imax Corp (USA) (NYSE:IMAX) on Tuesday, April 11 with “Buy” rating. The firm has “Buy” rating by B. Riley & Co given on Wednesday, June 14. The firm has “Buy” rating by Wedbush given on Thursday, July 27. Piper Jaffray maintained it with “Buy” rating and $30.0 target in Thursday, September 7 report. The company was upgraded on Monday, February 22 by Wedbush. The rating was maintained by M Partners on Wednesday, April 26 with “Buy”. As per Wednesday, September 9, the company rating was maintained by M Partners. As per Thursday, July 6, the company rating was maintained by M Partners.

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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