Lions Gate Entertainment Corporation (LGF.A) Receives $32.30 Consensus PT from Brokerages
Shares of Lions Gate Entertainment Corporation (NYSE:LGF.A) have been assigned a consensus rating of “Buy” from the eighteen research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $32.30.
Several equities analysts have commented on the company. Rosenblatt Securities lowered Lions Gate Entertainment from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research report on Wednesday, October 4th. They noted that the move was a valuation call. UBS AG lowered Lions Gate Entertainment from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. Royal Bank Of Canada raised their price objective on Lions Gate Entertainment from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. B. Riley raised their price objective on Lions Gate Entertainment from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, KeyCorp set a $30.00 price objective on Lions Gate Entertainment and gave the company a “buy” rating in a research report on Tuesday, October 24th.
Lions Gate Entertainment (NYSE LGF.A) traded up $0.68 during trading hours on Thursday, hitting $33.65. The stock had a trading volume of 184,712 shares, compared to its average volume of 612,322. Lions Gate Entertainment has a 52-week low of $24.27 and a 52-week high of $33.68. The stock has a market capitalization of $7,043.32, a price-to-earnings ratio of 39.59, a PEG ratio of 4.30 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.01 and a current ratio of 1.01.
Lions Gate Entertainment (NYSE:LGF.A) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.42. Lions Gate Entertainment had a return on equity of 6.96% and a net margin of 5.56%. The company had revenue of $941.00 million during the quarter, compared to analyst estimates of $953.04 million. During the same quarter last year, the firm posted $0.01 earnings per share. The firm’s revenue was up 47.1% on a year-over-year basis. equities research analysts forecast that Lions Gate Entertainment will post 1.13 EPS for the current fiscal year.
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Lions Gate Entertainment Company Profile
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