Lions Gate Entertainment Corp. Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:LGF)
Shares of Lions Gate Entertainment Corp. (NYSE:LGF) have earned an average recommendation of “Buy” from the ten ratings firms that are covering the company, American Banking & Market News reports. Seven equities research analysts have rated the stock with a buy rating, The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $37.75.
Shares of Lions Gate Entertainment Corp. (NYSE:LGF) opened at 32.41 on Thursday. 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 $31. and its 200-day moving average is $29.10. The company has a market cap of $4.443 billion and a price-to-earnings ratio of 26.51.
Lions Gate Entertainment Corp. (NYSE:LGF) last announced its earnings results 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. Analysts expect that Lions Gate Entertainment Corp. will post $1.57 EPS for the current fiscal year.
LGF has been the subject of a number of recent research reports. Analysts at Barrington Research raised their price target on shares of Lions Gate Entertainment Corp. to $46.00 in a research note on Monday, August 18th. Separately, analysts at Argus reiterated a “buy” rating on shares of Lions Gate Entertainment Corp. in a research note on Monday, August 18th. They now have a $41.00 price target on the stock. Finally, 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, August 15th. They now have an “outperform” rating on the stock.
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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