Lions Gate Entertainment Corp. (LGF) Price Target Cut to $26.00 by Analysts at Wunderlich
Lions Gate Entertainment Corp. (NYSE:LGF) had its price target decreased by investment analysts at Wunderlich from $28.00 to $26.00 in a report released on Thursday. The firm currently has a “buy” rating on the stock. Wunderlich’s target price indicates a potential upside of 34.92% from the company’s current price.
Other equities research analysts have also issued research reports about the company. Argus reissued a “buy” rating on shares of Lions Gate Entertainment Corp. in a research report on Saturday, July 9th. B. Riley set a $30.00 price target on Lions Gate Entertainment Corp. and gave the stock a “buy” rating in a research report on Monday, August 1st. Piper Jaffray Cos. set a $30.00 price target on Lions Gate Entertainment Corp. and gave the stock a “buy” rating in a research report on Saturday, October 1st. Zacks Investment Research lowered Lions Gate Entertainment Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Vetr lowered Lions Gate Entertainment Corp. from a “strong-buy” rating to a “buy” rating and set a $24.26 price target on the stock. in a research report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $28.31.
Lions Gate Entertainment Corp. (NYSE:LGF) opened at 19.27 on Thursday. Lions Gate Entertainment Corp. has a 52 week low of $16.21 and a 52 week high of $41.41. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 271.41 and a beta of 1.30. The company has a 50 day moving average price of $20.62 and a 200-day moving average price of $20.75.
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Lions Gate Entertainment Corp. (NYSE:LGF) last announced its earnings results on Thursday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.36. Lions Gate Entertainment Corp. had a return on equity of 5.81% and a net margin of 0.43%. The business had revenue of $553.60 million for the quarter, compared to analyst estimates of $494.34 million. During the same quarter last year, the firm earned $0.31 EPS. Lions Gate Entertainment Corp.’s revenue for the quarter was up 35.4% compared to the same quarter last year. Equities analysts predict that Lions Gate Entertainment Corp. will post $0.40 earnings per share for the current year.
In other Lions Gate Entertainment Corp. news, Director Gordon Crawford purchased 50,000 shares of the stock in a transaction dated Tuesday, August 9th. The stock was bought at an average price of $21.70 per share, with a total value of $1,085,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jon Feltheimer sold 255,718 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $20.25, for a total value of $5,178,289.50. The disclosure for this sale can be found here. Insiders own 30.40% of the company’s stock.
Several institutional investors have recently bought and sold shares of LGF. Eagle Asset Management Inc. boosted its position in Lions Gate Entertainment Corp. by 8.0% in the third quarter. Eagle Asset Management Inc. now owns 735,321 shares of the company’s stock worth $14,699,000 after buying an additional 54,696 shares during the period. First Mercantile Trust Co. boosted its position in Lions Gate Entertainment Corp. by 5.1% in the third quarter. First Mercantile Trust Co. now owns 10,061 shares of the company’s stock worth $201,000 after buying an additional 488 shares during the period. VNBTrust National Association acquired a new position in Lions Gate Entertainment Corp. during the third quarter worth approximately $2,974,000. Macquarie Group Ltd. boosted its position in Lions Gate Entertainment Corp. by 66.2% in the second quarter. Macquarie Group Ltd. now owns 167,181 shares of the company’s stock worth $3,382,000 after buying an additional 66,570 shares during the period. Finally, IFP Advisors Inc boosted its position in Lions Gate Entertainment Corp. by 62.3% in the second quarter. IFP Advisors Inc now owns 5,243 shares of the company’s stock worth $106,000 after buying an additional 2,013 shares during the period. 95.97% of the stock is owned by institutional investors.
Lions Gate Entertainment Corp. Company Profile
Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, international distribution and sales, branded channel platforms, interactive ventures and games and location-based entertainment. The Company operates through two segments: Motion Pictures and Television Production.
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