Lions Gate Entertainment Corp.’s Outperform Rating Reaffirmed at Barrington Research (LGF)
Lions Gate Entertainment Corp. (NYSE:LGF) traded up 2.44% during mid-day trading on Monday, hitting $27.31. 2,049,900 shares of the company’s stock traded hands. Lions Gate Entertainment Corp. has a 52-week low of $24.54 and a 52-week high of $37.81. The stock’s 50-day moving average is $26.76 and its 200-day moving average is $29.33. The company has a market cap of $3.860 billion and a price-to-earnings ratio of 25.63.
Lions Gate Entertainment Corp. (NYSE:LGF) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.02. The company had revenue of $721.90 million for the quarter, compared to the consensus estimate of $843.36 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, analysts predict that Lions Gate Entertainment Corp. will post $1.40 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich cut their price target on shares of Lions Gate Entertainment Corp. from $43.00 to $37.00 in a research note on Monday, June 2nd. They now have a “buy” rating on the stock. Separately, analysts at Evercore Partners reiterated an “overweight” rating on shares of Lions Gate Entertainment Corp. in a research note on Monday, June 2nd. They now have a $36.00 price target on the stock, down previously from $42.00. Finally, analysts at B. Riley cut their price target on shares of Lions Gate Entertainment Corp. from $40.00 to $38.00 in a research note on Monday, April 21st. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Lions Gate Entertainment Corp. has a consensus rating of “Buy” and an average price target of $35.15.
Lions Gate Entertainment Corp. (NYSE:LGF) is a global entertainment company with a diversified 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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