Lions Gate Entertainment Corp. Given “Buy” Rating at Argus (LGF)
Lions Gate Entertainment Corp. (NYSE:LGF)‘s stock had its “buy” rating reissued by investment analysts at Argus in a note issued to investors on Monday. They currently have a $41.00 price objective on the stock. Argus’ price objective indicates a potential upside of 25.23% from the company’s current price.
Lions Gate Entertainment Corp. (NYSE:LGF) opened at 32.74 on Monday. Lions Gate Entertainment Corp. has a 52-week low of $24.54 and a 52-week high of $37.81. The stock has a 50-day moving average of $30.7 and a 200-day moving average of $29.03. The company has a market cap of $4.488 billion and a P/E ratio of 26.86.
Lions Gate Entertainment Corp. (NYSE:LGF) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was down 21.1% on a year-over-year basis. Analysts expect that Lions Gate Entertainment Corp. will post $1.57 EPS for the current fiscal year.
A number of other firms have also recently commented on LGF. Analysts at RBC Capital raised their price target on shares of Lions Gate Entertainment Corp. from $37.00 to $39.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Nine investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $36.84.
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.
Receive News & Ratings for Lions Gate Entertainment Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lions Gate Entertainment Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.