Barrington Maintains a Buy Rating on IMAX Corp (IMAX)

By Austin Angelo

In a report released today, James Goss from Barrington maintained a Buy rating on IMAX Corp (IMAXResearch Report), with a price target of $27. The company’s shares opened today at $23.24.

Goss said:

“We are encouraged by new opportunities in the core business line such as greater flexibility in screen usage (now primarily international, but hopefully extending to domestic markets), reduced screening periods for individual films within a larger number of titles (very few run more than a couple of weeks) and experimentation with reseating options. Attention to the cost structure is also important to profitability. Further, newer initiatives in strengthening brand recognition and reception coupled with continually improving video and audio delivery technology, now including laser, contribute to renewed confidence in IMAX.”

According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.1% and a 67.1% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for IMAX Corp with a $27.80 average price target, representing a 19.6% upside. In a report issued on February 20, MKM Partners also maintained a Buy rating on the stock with a $27 price target.

See today’s analyst top recommended stocks >>

IMAX Corp’s market cap is currently $1.43B and has a P/E ratio of 64.90. The company has a Price to Book ratio of 2.79.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.