IMAX (NYSE:IMAX) Stock Rating Lowered by Wells Fargo & Company

IMAX (NYSE:IMAX) was downgraded by equities researchers at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a $41.00 price target on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 4.89% from the stock’s current price.

A number of other equities research analysts also recently weighed in on IMAX. Rosenblatt Securities reaffirmed a “buy” rating and set a $47.00 price objective on shares of IMAX in a report on Monday, April 20th. JPMorgan Chase & Co. dropped their target price on IMAX from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Weiss Ratings downgraded IMAX from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Benchmark reaffirmed a “buy” rating on shares of IMAX in a research note on Monday, June 22nd. Finally, Seaport Research Partners reiterated a “buy” rating and issued a $50.00 price target on shares of IMAX in a research report on Wednesday, June 24th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, IMAX presently has an average rating of “Moderate Buy” and a consensus price target of $47.30.

IMAX Price Performance

Shares of IMAX stock opened at $39.09 on Thursday. The firm has a market capitalization of $2.15 billion, a PE ratio of 60.14, a price-to-earnings-growth ratio of 1.43 and a beta of 0.37. The company’s fifty day moving average price is $39.32 and its two-hundred day moving average price is $37.90. IMAX has a 52-week low of $24.20 and a 52-week high of $45.52.

IMAX (NYSE:IMAX) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. IMAX had a net margin of 9.08% and a return on equity of 13.61%. The company had revenue of $81.38 million during the quarter, compared to the consensus estimate of $79.82 million. During the same period last year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. Analysts predict that IMAX will post 1.3 earnings per share for the current fiscal year.

Insider Transactions at IMAX

In related news, CEO Richard L. Gelfond sold 8,943 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $37.33, for a total transaction of $333,842.19. Following the transaction, the chief executive officer owned 765,002 shares in the company, valued at $28,557,524.66. This represents a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On IMAX

A number of institutional investors have recently modified their holdings of the stock. Orbis Allan Gray Ltd grew its stake in shares of IMAX by 31.7% during the second quarter. Orbis Allan Gray Ltd now owns 5,113,033 shares of the company’s stock valued at $142,960,000 after purchasing an additional 1,230,267 shares during the last quarter. Westfield Capital Management Co. LP raised its position 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 during the last quarter. Dimensional Fund Advisors LP raised its position in IMAX by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,237,230 shares of the company’s stock worth $47,026,000 after purchasing an additional 23,401 shares during the last quarter. Nantahala Capital Management LLC lifted its holdings 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 in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in IMAX by 1.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,104,071 shares of the company’s stock worth $40,806,000 after buying an additional 20,079 shares in the last quarter. 93.51% of the stock is owned by institutional investors.

Trending Headlines about IMAX

Here are the key news stories impacting IMAX this week:

• Positive Sentiment: Wedbush reiterated an Outperform rating and $46 price target on IMAX, saying the company is positioned for a stronger second half of 2026 even though Q2 growth is expected to be modest. IMAX seen poised for stronger second half despite expected modest Q2
• Positive Sentiment: Media coverage around The Odyssey highlights strong demand for IMAX 70mm and premium screenings, with fans paying premiums and seeking out limited-format showings. That kind of buzz can support IMAX’s brand and box-office-driven revenue outlook.
• Neutral Sentiment: IMAX said expanding 70mm projector capacity is “not practical,” suggesting demand is real but supply remains limited. This supports the premium value of the format, but it also caps near-term upside from the film’s release.
• Neutral Sentiment: Several articles ahead of earnings emphasize that IMAX is expected to report modest Q2 results and that analysts are watching whether growth accelerates later in the year. Imax (IMAX) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Wells Fargo downgraded IMAX from Overweight to Equal Weight, even while setting a $41 price target. The downgrade could weigh on sentiment by signaling less upside near term. IMAX downgraded by Wells Fargo & Company

About IMAX

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.