IMAX Corporation (USA) (NYSE:IMAX) a Hold: Canaccord

In a research note issued to investors, Aravinda Galappatthige at Canaccord Reiterated their Hold rating on IMAX Corporation (USA) (NYSE:IMAX). The analyst placed a $35.00 price target on the stock which indicates a 1.52% downside to the last closing price. In the year following Galappatthige’s ratings, the stocks covered yield an average return of 12.20% according to TipRanks.com. In the past year 7 out of 8 recommendations or 88% were successful.

IMAX Corporation (USA) (NYSE:IMAX) shares opened the most recent trading session at 34.460 and at the time of writing the last Bid was at N/A. In the current trading session the stock reached as high as 34.500 and dipped down to 34.230. Imax Corporation Common Stock, a NYQ listed company, has a current market cap of 2.37B and on average over the past 3 months has seen 569167 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 34.315. Based on a recent trade, this puts the equity at +0.029% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -3.932% away from it’s 52-week high of 35.730 and +42.961% away from the stock’s low point over the past 52 weeks, which was 24.010. On a consensus basis, analysts have a one year target price of 37.230. The company last reported earnings per share of 0.565.

The consensus analyst estimates according to First Call for the next quarter is 0.360. The current year EPS estimate on the stock is 1.130 and the EPS estimate for next year sits at 1.390. In looking at the fundamentals, IMAX has a P/E ratio of 60.752 and a price to book ratio of 6.226. The company’s Book Value is 5.548 and most recently reported EBITDA of 82.77M. The price compared to next year’s EPS estimate in the current year is 24.518.

Company Profile

IMAX Corporation (USA) (IMAX) The Company is specialized in immersive motion picture technologies. The Company has a theatrical distribution platform for event Hollywood films around the world. The IMAX theatre network delivers cinematic presentations using IMAX, IMAX 3D, and IMAX DMR technology. The Company’s principal businesses include the design and manufacture of theater systems (IMAX theater systems) and the sale, lease or contribution of those systems to customers under theater arrangements, and Digital Re-Mastering of films into the IMAX format and the exhibition of those films in the IMAX theater network. IMAX theatres are located in commercial multiplexes as well as some of the educational institutions and destination entertainment centers around the world. The Company operates 837 IMAX theatres located in 57 countries.