Lions Gate Entertainment Corp. (LGF) Price Target Cut to $26.00
Lions Gate Entertainment Corp. (NYSE:LGF) had its target price lowered by Wunderlich from $28.00 to $26.00 in a report issued on Thursday. The firm presently has a “buy” rating on the stock. Wunderlich’s target price suggests a potential upside of 34.92% from the stock’s current price.
Other research analysts have also issued research reports about the company. S&P Equity Research reissued a “buy” rating on shares of Lions Gate Entertainment Corp. in a report on Thursday, June 30th. Vetr lowered Lions Gate Entertainment Corp. from a “strong-buy” rating to a “buy” rating and set a $24.26 price objective on the stock. in a report on Wednesday, June 15th. Argus reissued a “buy” rating on shares of Lions Gate Entertainment Corp. in a report on Saturday, July 9th. B. Riley reissued a “buy” rating and set a $30.00 price objective on shares of Lions Gate Entertainment Corp. in a report on Tuesday, July 5th. Finally, Pacific Crest reissued a “buy” rating on shares of Lions Gate Entertainment Corp. in a report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. Lions Gate Entertainment Corp. presently has a consensus rating of “Buy” and a consensus price target of $28.31.
Lions Gate Entertainment Corp. (NYSE:LGF) opened at 19.27 on Thursday. The stock’s 50 day moving average price is $20.62 and its 200 day moving average price is $20.75. The firm has a market cap of $2.85 billion, a P/E ratio of 271.41 and a beta of 1.30. Lions Gate Entertainment Corp. has a 1-year low of $16.21 and a 1-year high of $41.41.
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Lions Gate Entertainment Corp. (NYSE:LGF) last issued its earnings results on Thursday, August 4th. The company reported $0.19 earnings per share for the quarter, topping the 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 company had revenue of $553.60 million for the quarter, compared to analyst estimates of $494.34 million. During the same period in the prior year, the firm posted $0.31 EPS. The business’s revenue was up 35.4% compared to the same quarter last year. Equities research analysts predict that Lions Gate Entertainment Corp. will post $0.40 EPS for the current year.
In other Lions Gate Entertainment Corp. news, Director Gordon Crawford purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average cost of $21.70 per share, with a total value of $1,085,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jon Feltheimer sold 255,718 shares of Lions Gate Entertainment Corp. stock in a transaction on Thursday, September 15th. The shares were 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. Corporate insiders own 30.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in LGF. Amica Retiree Medical Trust purchased a new stake in Lions Gate Entertainment Corp. during the second quarter valued at approximately $105,000. IFP Advisors Inc boosted its stake 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 valued at $106,000 after buying an additional 2,013 shares during the period. BlackRock Japan Co. Ltd purchased a new stake in Lions Gate Entertainment Corp. during the first quarter valued at approximately $141,000. Janney Montgomery Scott LLC purchased a new stake in Lions Gate Entertainment Corp. during the second quarter valued at approximately $219,000. Finally, Advisor Group Inc. purchased a new stake in Lions Gate Entertainment Corp. during the second quarter valued at approximately $147,000. 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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