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RBC Capital increased their price objective on shares of Lions Gate Entertainment Corp. (NYSE:LGF) from $37.00 to $39.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price suggests a potential upside of 19.41% from the company’s current price.

Shares of Lions Gate Entertainment Corp. (NYSE:LGF) opened at 32.74 on Friday. 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 $30.57 and its 200-day moving average is $29.02. The company has a market cap of $4.488 billion and a price-to-earnings ratio of 26.79.

Lions Gate Entertainment Corp. (NYSE:LGF) last released its earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.13. The company had revenue of $449.40 million for the quarter, compared to the consensus estimate of $488.61 million. During the same quarter last year, the company posted $0.18 earnings per share. Lions Gate Entertainment Corp.’s revenue was down 21.1% compared to the same quarter last year. On average, analysts predict that Lions Gate Entertainment Corp. will post $1.51 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets initiated coverage on shares of Lions Gate Entertainment Corp. in a research note on Monday, July 28th. They set an “outperform” rating and a $40.00 price target on the stock. Separately, analysts at B. Riley raised their price target on shares of Lions Gate Entertainment Corp. to $40.00 in a research note on Monday, July 21st. Finally, analysts at Barrington Research reiterated an “outperform” rating on shares of Lions Gate Entertainment Corp. in a research note on Monday, June 9th. Eight analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $36.32.

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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