Lions Gate Entertainment (NYSE:LGF.A) had its target price increased by analysts at Argus to $38.00 in a research note issued to investors on Wednesday, The Fly reports. The firm currently has a “buy” rating on the stock. Argus’ price objective would suggest a potential upside of 18.53% from the stock’s previous close.

A number of other analysts have also recently weighed in on LGF.A. Zacks Investment Research cut shares of Lions Gate Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, November 13th. B. Riley raised their target price on shares of Lions Gate Entertainment from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 10th. KeyCorp set a $30.00 target price on shares of Lions Gate Entertainment and gave the stock a “buy” rating in a report on Tuesday, October 24th. FBN Securities started coverage on shares of Lions Gate Entertainment in a report on Friday, September 15th. They set an “outperform” rating and a $37.71 target price for the company. Finally, Royal Bank Of Canada raised their target price on shares of Lions Gate Entertainment from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Lions Gate Entertainment currently has an average rating of “Buy” and a consensus target price of $33.00.

Lions Gate Entertainment (LGF.A) opened at $32.06 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.89. The stock has a market cap of $6,940.75, a P/E ratio of 39.01, a PEG ratio of 3.97 and a beta of 1.15. Lions Gate Entertainment has a 1-year low of $24.27 and a 1-year high of $34.75.

Lions Gate Entertainment (NYSE:LGF.A) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.42. The business had revenue of $941.00 million during the quarter, compared to analysts’ expectations of $953.04 million. Lions Gate Entertainment had a net margin of 5.56% and a return on equity of 6.96%. The business’s revenue was up 47.1% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. analysts anticipate that Lions Gate Entertainment will post 1.21 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/06/lions-gate-entertainment-lgf-a-price-target-raised-to-38-00.html.

The Fly

Analyst Recommendations for Lions Gate Entertainment (NYSE:LGF.A)

Receive News & Ratings for Lions Gate Entertainment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lions Gate Entertainment Corporation and related companies with MarketBeat.com's FREE daily email newsletter.