Barrington analyst James Goss reiterated a Buy rating on Imax Corp. on Tuesday, setting a price target of $27, which is approximately 15.43% above the present share price of $23.39.
Goss expects Imax Corp. to post earnings per share (EPS) of -$0.80 for the first quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in IMAX (NYSE:IMAX), with an average price target of $24.21.
The analysts price targets range from a high of $28 to a low of $17.9.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $37.26 million and a net profit of -$23.47 million. The company's market cap is $1.38 billion.
According to TipRanks.com, Barrington analyst James Goss is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.1% and a 48.50% success rate.
IMAX Corp. is an entertainment technology company, which engages in the business of motion picture technologies and presentations. It operates through following four business segments: Network Business, Theater Business, New Business, and Other. The Network Business segment represents box office results and which includes the reportable segment of IMAX DMR and contingent rent from the joint revenue sharing arrangements and IMAX systems segments. The Theater Business segment includes the sale and installation of theater systems and maintenance services, primarily related to the IMAX Systems and Theater System Maintenance. The New Business segment involves content licensing and distribution fees associated with the firm's original content investments, virtual reality initiatives, IMAX Home Entertainment, and other business initiatives that are in the development and/or start-up phase. The Other segment refers to certain IMAX theaters that the company owns and operates, camera rentals and other miscellaneous items. The company was founded by Graeme Ferguson, Roman Kroitor, Robert P. Kerr and William Shaw in 1967 and is headquartered in Mississauga, Canada.