Canaccord Genuity Maintains a 'Buy' on IMAX Corporation (IMAX); Q1 Preview; A Light Quarter; Outlook Solid
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Price: $52.74 --0%
Rating Summary:
15 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
15 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on IMAX Corporation (NASDAQ: IMAX), PT $34.
Canaccord analyst says, "We consider IMAX to be an exceptional growth story, with significant momentum. The company has lifted its EBITDA from $10 MM in F2008 to $101 MM in F2010. We believe there is more growth to come as the IMAX installed base currently stands at 396 locations (Q4/10) in comparison to a global market estimate of 1200-1250. The company is penetrating this remaining market at a rapid pace, having signed up more than 200 new theatres in 2010 and 100 already in 2011."
For more ratings news on IMAX Corporation click here and for the rating history of IMAX Corporation click here.
Shares of IMAX Corporation closed at $27.57 yesterday.
Canaccord analyst says, "We consider IMAX to be an exceptional growth story, with significant momentum. The company has lifted its EBITDA from $10 MM in F2008 to $101 MM in F2010. We believe there is more growth to come as the IMAX installed base currently stands at 396 locations (Q4/10) in comparison to a global market estimate of 1200-1250. The company is penetrating this remaining market at a rapid pace, having signed up more than 200 new theatres in 2010 and 100 already in 2011."
For more ratings news on IMAX Corporation click here and for the rating history of IMAX Corporation click here.
Shares of IMAX Corporation closed at $27.57 yesterday.
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