IMAX’s (IMAX) Outperform Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of IMAX (NYSE:IMAX) in a report published on Monday,Benzinga reports. Wedbush currently has a $46.00 price objective on the stock.

Several other equities research analysts also recently issued reports on IMAX. Barrington Research reiterated an “outperform” rating and set a $42.00 price target on shares of IMAX in a report on Monday, January 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IMAX in a report on Monday, December 29th. Rosenblatt Securities upped their target price on shares of IMAX from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Wells Fargo & Company increased their target price on shares of IMAX from $40.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Finally, B. Riley Financial reissued a “buy” rating on shares of IMAX in a research report on Monday, December 8th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.70.

IMAX Stock Performance

Shares of IMAX opened at $36.54 on Monday. The firm has a market capitalization of $1.97 billion, a P/E ratio of 51.47, a P/E/G ratio of 1.91 and a beta of 0.38. IMAX has a 52 week low of $20.48 and a 52 week high of $39.98. The stock has a 50 day moving average price of $36.23 and a two-hundred day moving average price of $33.81.

Institutional Trading of IMAX

A number of large investors have recently bought and sold shares of IMAX. JPMorgan Chase & Co. raised its stake in IMAX by 10.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,029,602 shares of the company’s stock valued at $28,788,000 after acquiring an additional 101,048 shares during the period. Principal Financial Group Inc. increased its stake in shares of IMAX by 67.8% in the third quarter. Principal Financial Group Inc. now owns 70,927 shares of the company’s stock worth $2,323,000 after purchasing an additional 28,667 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in IMAX in the 3rd quarter valued at approximately $4,893,000. Thrivent Financial for Lutherans bought a new stake in IMAX during the 3rd quarter valued at $3,272,000. Finally, Pembroke Management LTD lifted its position in shares of IMAX by 18.4% during the third quarter. Pembroke Management LTD now owns 516,622 shares of the company’s stock worth $16,919,000 after acquiring an additional 80,229 shares in the last quarter. 93.51% of the stock is owned by hedge funds and other institutional investors.

IMAX News Summary

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: IMAX reported a beat for Q4: $0.58 EPS vs. $0.43 consensus, revenue up 35.1% year-over-year and slides/press materials point to solid margin improvement — the quarter and the company’s presentation underpinned investor optimism. Read More.
• Positive Sentiment: “Avatar: Fire & Ash” significantly boosted IMAX box office and quarterly results; outlets link the film to the quarter’s strong top-line and operating gains. Read More.
• Positive Sentiment: Media notes IMAX generated roughly $125M in quarterly revenue helped by Avatar 3 — concrete revenue contribution that supports the beat. Read More.
• Positive Sentiment: Content pipeline and event programming are supportive: Studio Ghibli’s 4K remaster of Kiki’s Delivery Service and other limited IMAX engagements expand premium content offerings and drive theatre traffic. Read More.
• Positive Sentiment: New live-event content (some F1 races to be shown live in IMAX) diversifies uses for screens and adds non-film revenue opportunities. Read More.
• Positive Sentiment: Analyst support: Rosenblatt reaffirmed a buy with a $47 target and Wedbush reiterated an Outperform, supplying buy-side validation that could sustain further upside. Read More. Read More.
• Neutral Sentiment: Industry context: IMAX’s box-office surge contrasts with broader exhibitor struggles — positive for IMAX’s premium positioning but dependent on continued blockbuster releases. Read More.
• Negative Sentiment: Valuation and positioning risks: the stock is down today and trades at a high P/E (~51) which may prompt profit-taking even after the beat; investors may be pausing for confirmation that strong box-office trends persist. Read More.

About IMAX

IMAX Corporation is a global leader in immersive entertainment technologies, specializing in the design, manufacture and distribution of high-resolution cameras, projectors, and proprietary software solutions that enhance both film production and theatrical exhibition. The company licenses its premium large-format system to theatre owners and filmmakers around the world, enabling audiences to experience movies with greater clarity, scale and sound fidelity. IMAX also offers turnkey theatre development services, assisting cinema operators with auditorium design, installation and custom branding to optimize the customer experience.

Founded in 1967 and headquartered in Mississauga, Ontario, IMAX has built a reputation for pioneering film-format innovations, including its patented dual 15-perforation, 70-millimeter projection system.