<div id="readability-page-1"><p><span>IMAX (NYSE:IMAX - Get Free Report)</span> had its price objective increased by stock analysts at Wedbush  from $39.00 to $46.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an &#34;outperform&#34; rating on the stock. Wedbush's price target indicates a potential upside of 22.06% from the company's previous close.</p><ul><li>Box Office Revival: 3 Movie Theater Stocks Making a Comeback </li></ul><p>Other research analysts have also issued reports about the stock. The Goldman Sachs Group raised shares of IMAX from a &#34;sell&#34; rating to a &#34;neutral&#34; rating and increased their target price for the stock from $22.00 to $34.00 in a research note on Tuesday, November 25th. JPMorgan Chase &amp; Co. upped their price objective on shares of IMAX from $31.00 to $32.00 and gave the company a &#34;neutral&#34; rating in a report on Friday, October 24th. Wells Fargo &amp; Company raised their target price on IMAX from $34.00 to $40.00 and gave the company an &#34;overweight&#34; rating in a research note on Friday, October 24th. Barrington Research boosted their target price on IMAX from $37.00 to $42.00 and gave the company an &#34;outperform&#34; rating in a research report on Monday. Finally, B. Riley  reaffirmed a &#34;buy&#34; rating on shares of IMAX in a research note on Friday, October 10th. Nine research analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $39.10.</p><p><b>Check Out Our Latest Stock Analysis on IMAX</b></p><h2>IMAX Stock Up 5.5%</h2><ul><li>Big Screen Stock Soars on Blockbuster Q2 Earnings</li></ul><p>IMAX stock traded up $1.98 during trading hours on Monday, reaching $37.69. 147,154 shares of the company's stock were exchanged, compared to its average volume of 1,031,024. The firm's 50 day simple moving average is $33.81 and its 200 day simple moving average is $30.11. IMAX has a twelve month low of $20.48 and a twelve month high of $37.91. The firm has a market capitalization of $2.03 billion, a PE ratio of 53.04, a PEG ratio of 2.19 and a beta of 0.41. </p><p>IMAX (NYSE:IMAX - Get Free Report) last announced its earnings results on Thursday, October 23rd. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. The company had revenue of $106.65 million for the quarter, compared to analyst estimates of $102.88 million. IMAX had a return on equity of 9.91% and a net margin of 10.47%.The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 EPS.  Analysts anticipate that  IMAX will post 0.91 EPS for the current year. </p><h2>Insider Buying and Selling</h2><ul><li>AMC Entertainment: Time to Take Step Back Into This Meme Stock?</li></ul><p>In related news, EVP Giovanni M. Dolci sold 6,188 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $34.25, for a total value of $211,939.00. Following the completion of the sale, the executive vice president directly owned 33,000 shares of the company's stock, valued at approximately $1,130,250. This represents a 15.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert D. Lister sold 50,143 shares of IMAX stock in a transaction on Friday, November 7th. The stock was sold at an average price of $34.67, for a total transaction of $1,738,457.81. Following the transaction, the vice president directly owned 161,421 shares in the company, valued at $5,596,466.07. This represents a 23.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 76,331 shares of company stock worth $2,606,397 in the last 90 days. Corporate insiders own  24.08% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>A number of large investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. boosted its holdings in  IMAX by 125.0% during the second quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company's stock worth $25,000 after purchasing an additional 500 shares during the last quarter.  CIBC Private Wealth Group LLC purchased a new stake in  IMAX in the 3rd quarter valued at about $27,000.  First Horizon Corp bought a new position in shares of  IMAX during the 3rd quarter worth approximately $34,000.  Jones Financial Companies Lllp boosted its stake in shares of  IMAX by 43.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,041 shares of the company's stock worth $34,000 after buying an additional 317 shares during the last quarter.  Finally, Clearstead Advisors LLC purchased a new position in shares of  IMAX in the 3rd quarter worth approximately $35,000. 93.51% of the stock is owned by institutional investors. </p><h2>About IMAX</h2> (Get Free Report)<p>IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.</p><h2>See Also</h2><ul><li>Five stocks we like better than IMAX</li><li>Earnings Per Share Calculator: How to Calculate EPS</li><li>AI Is Powering Guidewire Software’s Growth—So What Spooked the Market?</li><li>How to Calculate Stock Profit </li><li>These 3 Little-Known Stocks Are Analyst Favorites</li><li>The Most Important Warren Buffett Stock for Investors: His Own</li><li>Broadcom’s Biggest Test Yet: Will Q4 Earnings Spark Another Rally?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlNQVg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlNQVg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in IMAX Right Now?</h2><p>Before you consider IMAX, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IMAX wasn't on the list.</p><p>While IMAX currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

IMAX

<p>Wedbush raised IMAX's price target from $39.00 to $46.00, giving it an "outperform" rating, indicating a potential upside of 22.06%. Other analysts also increased their targets, with Goldman Sachs upgrading IMAX to "neutral" and raising its target to $34.00. IMAX's stock rose 5.5% to $37.69, following strong Q2 earnings. Insider sales and institutional investments were noted, with corporate insiders owning 24.08% of the stock.</p>

IMAX (NYSE:IMAX) Price Target Raised to $46.00 at Wedbush