IMAX (NYSE:IMAX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of IMAX (NYSE:IMAX) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other research analysts also recently issued research reports about the stock. Weiss Ratings raised shares of IMAX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. HC Wainwright reaffirmed a “buy” rating on shares of IMAX in a research report on Friday. The Goldman Sachs Group restated a “neutral” rating and issued a $42.00 price target on shares of IMAX in a research note on Thursday. Barrington Research lifted their price objective on shares of IMAX from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on IMAX from $47.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.36.

IMAX Stock Up 3.9%

Shares of IMAX stock opened at $45.08 on Friday. The company’s fifty day simple moving average is $40.21 and its 200-day simple moving average is $38.11. IMAX has a 12 month low of $24.20 and a 12 month high of $45.88. The firm has a market cap of $2.48 billion, a PE ratio of 62.61, a P/E/G ratio of 1.59 and a beta of 0.37.

IMAX (NYSE:IMAX) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.13. IMAX had a net margin of 9.84% and a return on equity of 15.47%. The company had revenue of $102.84 million during the quarter, compared to the consensus estimate of $96.09 million. During the same period in the prior year, the business posted $0.26 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts predict that IMAX will post 1.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Orbis Allan Gray Ltd increased its stake in IMAX by 31.7% in the second quarter. Orbis Allan Gray Ltd now owns 5,113,033 shares of the company’s stock valued at $142,960,000 after acquiring an additional 1,230,267 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in IMAX by 44.6% in the 4th quarter. Westfield Capital Management Co. LP now owns 2,346,486 shares of the company’s stock worth $86,726,000 after purchasing an additional 723,861 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of IMAX by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,237,230 shares of the company’s stock valued at $47,026,000 after purchasing an additional 23,401 shares in the last quarter. Nantahala Capital Management LLC boosted its position in IMAX by 24.9% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,133,993 shares of the company’s stock worth $31,706,000 after buying an additional 225,742 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of IMAX by 1.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,104,071 shares of the company’s stock worth $40,806,000 after purchasing an additional 20,079 shares during the last quarter. Institutional investors own 93.51% of the company’s stock.

IMAX News Summary

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: The Odyssey has generated approximately $140 million in global IMAX box office, reinforcing the film’s importance to IMAX’s current revenue outlook and demonstrating continued consumer willingness to pay for premium large-format presentations. The Odyssey reaches $140 million in global IMAX box office
• Positive Sentiment: The film has surpassed $600 million globally after two weekends, while industry coverage describes a meaningful “Nolan effect” driving demand for IMAX screenings. IMAX catches a tailwind from The Odyssey
• Positive Sentiment: IMAX China is preparing to show The Odyssey across nearly 800 screens, expanding the film’s potential international contribution and highlighting the breadth of the company’s global network. Imax China prepares full The Odyssey rollout
• Positive Sentiment: Wells Fargo, Wedbush, and Barrington Research analysts reportedly expect further upside, adding to bullish sentiment following IMAX’s earnings beat. The company previously reported quarterly EPS of $0.43 versus a $0.30 consensus estimate and revenue of $102.84 million versus $96.09 million expected.
• Neutral Sentiment: Resales of scarce IMAX tickets and extensive coverage of 70mm presentations indicate strong consumer interest, although these stories do not directly change IMAX’s financial forecasts.
• Negative Sentiment: A 70mm projector failure temporarily disrupted screenings at one theater before service resumed. The incident appears localized, but it underscores maintenance and availability risks associated with IMAX’s aging specialized projection equipment. Screenings resume at King of Prussia theater

IMAX Company Profile

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.