Lions Gate Entertainment Corp.’s “Neutral” Rating Reaffirmed at Zacks (LGF)
Lions Gate Entertainment Corp. (NYSE:LGF)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Thursday, Analyst Ratings Network.com reports. They currently have a $34.00 target price on the stock. Zacks‘ target price would indicate a potential upside of 3.19% from the stock’s previous close.
A number of other analysts have also recently weighed in on LGF. Analysts at Topeka Capital Markets initiated coverage on shares of Lions Gate Entertainment Corp. in a research note on Tuesday, February 4th. They set a “buy” rating and a $30.53 price target on the stock. Analysts at Barrington Research reiterated an “outperform” rating on shares of Lions Gate Entertainment Corp. in a research note on Monday, December 30th. They now have a $41.00 price target on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $34.73.
Lions Gate Entertainment Corp. (NYSE:LGF) traded down 0.58% during mid-day trading on Thursday, hitting $32.41. 605,116 shares of the company’s stock traded hands. Lions Gate Entertainment Corp. has a 52 week low of $20.18 and a 52 week high of $37.81. The stock’s 50-day moving average is $31.13 and its 200-day moving average is $33.21. The company has a market cap of $4.473 billion and a P/E ratio of 18.95.
Lions Gate Entertainment Corp. (NYSE:LGF) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.19. The company had revenue of $839.90 million for the quarter, compared to the consensus estimate of $836.28 million. During the same quarter last year, the company posted $0.27 earnings per share. Lions Gate Entertainment Corp.’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that Lions Gate Entertainment Corp. will post $1.12 EPS for the current fiscal year.
Lions Gate Entertainment Corp. (NYSE:LGF), is an entertainment company with a presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales.
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