IMAX (IMAX) Reaches $21.70 After 5.00% Down Move; Last Week Ashtead Group plc (ASHTF) Coverage

June 12, 2018 - By Marie Mckinney

Ashtead Group plc (OTCMKTS:ASHTF) Logo

The stock of IMAX Corporation (NYSE:IMAX) is a huge mover today! The stock increased 0.23% or $0.05 during the last trading session, reaching $21.7. About 251,469 shares traded. IMAX Corporation (NYSE:IMAX) has declined 16.67% since June 12, 2017 and is downtrending. It has underperformed by 29.24% the S&P500. Some Historical IMAX News: ; 02/05/2018 – New IMAX documentary film “PANDAS” combines adorable animals and science problem-solving at The Tech Museum of Innovation; 15/05/2018 – Light Street Capital Mgmt LLC Exits Position in Imax; 12/05/2018 – IMAX, SAUDI GENERAL CULTURAL AUTHORITY COMMENT ON FILM ACCORD; 19/03/2018 – TBWA\Chiat\Day LA Named IMAX’s Creative Agency of Record; 20/04/2018 – Record IMAX Signings in India Continue as INOX Leisure Ltd. Adds Five New IMAX ® Theatres to Circuit; 19/04/2018 – IMAX CORP – IMAX THEATRES WILL BE LOCATED IN NEW COMPLEXES IN CITIES OF BANGALORE, KOLKATA AS WELL AS NAVI MUMBAI AND THIRUVANANTHAPURAM; 07/03/2018 Hovione Sells the iMAX Business; 19/04/2018 – IMAX CORP IMAX.N SEES POTENTIAL FOR HUNDREDS OF IMAX THEATERS IN INDIA ‘OVER TIME’ – CEO; 14/05/2018 – IMAX: INFINITY WAR SETS WEEKEND CHINA RECORD, GROSSING $20.3M; 09/05/2018 – Australian Gov: US Patent Issued to IMAX on May 8 for “Methods and systems of vibrating a screen” (Belgian Inventor)The move comes after 8 months negative chart setup for the $1.39 billion company. It was reported on Jun, 12 by Barchart.com. We have $20.62 PT which if reached, will make NYSE:IMAX worth $69.70 million less.

Among 3 analysts covering Ashtead (OTCMKTS:ASHTF), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Ashtead had 3 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Bank of America to “Underperform” on Wednesday, July 22. RBC Capital Markets initiated Ashtead Group plc (OTCMKTS:ASHTF) on Thursday, October 13 with “Outperform” rating. The stock of Ashtead Group plc (OTCMKTS:ASHTF) earned “Neutral” rating by Credit Suisse on Tuesday, September 27. See Ashtead Group plc (OTCMKTS:ASHTF) latest ratings:

It closed at $32.189617 lastly. It is down 0.00% since June 12, 2017 and is . It has underperformed by 12.57% the S&P500.

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. The company has market cap of $15.57 billion. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. It has a 11.61 P/E ratio. The firm provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

Among 18 analysts covering IMAX (NYSE:IMAX), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. IMAX had 70 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, February 1, the company rating was downgraded by Credit Suisse. The stock of IMAX Corporation (NYSE:IMAX) earned “Buy” rating by Benchmark on Friday, April 27. The firm earned “Buy” rating on Tuesday, October 20 by B. Riley & Co. The stock of IMAX Corporation (NYSE:IMAX) earned “Outperform” rating by Wedbush on Monday, May 15. Wedbush upgraded the shares of IMAX in report on Monday, February 22 to “Outperform” rating. The stock of IMAX Corporation (NYSE:IMAX) earned “Buy” rating by M Partners on Wednesday, September 9. The stock of IMAX Corporation (NYSE:IMAX) earned “Buy” rating by FBR Capital on Wednesday, February 28. On Thursday, September 28 the stock rating was maintained by Credit Suisse with “Neutral”. On Friday, November 20 the stock rating was maintained by Goldman Sachs with “Neutral”. The rating was maintained by FBR Capital with “Buy” on Wednesday, April 18.

Analysts await IMAX Corporation (NYSE:IMAX) to report earnings on July, 25. They expect $0.18 earnings per share, up 125.00% or $0.10 from last year’s $0.08 per share. IMAX’s profit will be $11.56M for 30.14 P/E if the $0.18 EPS becomes a reality. After $0.14 actual earnings per share reported by IMAX Corporation for the previous quarter, Wall Street now forecasts 28.57% EPS growth.

IMAX Corporation (NYSE:IMAX) Ratings Chart

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