Cowen and Company Boosts Bona Film Group Price Target to $6.00 (BONA)
Investment analysts at Cowen and Company boosted their price objective on shares of Bona Film Group (NASDAQ:BONA) from $5.00 to $6.00 in a note issued to investors on Friday. Cowen and Company’s price objective would indicate a potential downside of 15.61% from the company’s current price.
Shares of Bona Film Group (NASDAQ:BONA) traded down 1.53% during mid-day trading on Friday, hitting $7.10. The stock had a trading volume of 552,097 shares. Bona Film Group has a 52-week low of $4.50 and a 52-week high of $8.92. The stock has a 50-day moving average of $7.00 and a 200-day moving average of $6.51. The company has a market cap of $431.2 million and a P/E ratio of 68.67.
Bona Film Group (NASDAQ:BONA) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.01. The company had revenue of $44.90 million for the quarter. During the same quarter last year, the company posted $0.03 earnings per share. Analysts expect that Bona Film Group will post $0.20 EPS for the current fiscal year.
Bona Film Group Limited is a film distributor in China. It distributes films through virtually all of the theatres circuits in China.
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