Lions Gate Entertainment (NYSE:LGF.A) has been assigned a $40.00 price target by stock analysts at Piper Jaffray Companies in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 22.59% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. B. Riley restated a “buy” rating on shares of Lions Gate Entertainment in a report on Wednesday, November 1st. Argus lifted their target price on Lions Gate Entertainment to $38.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. FBN Securities assumed coverage on Lions Gate Entertainment in a report on Friday, September 15th. They issued an “outperform” rating and a $37.71 target price on the stock. Rosenblatt Securities cut Lions Gate Entertainment from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, KeyCorp set a $30.00 target price on Lions Gate Entertainment and gave the stock a “buy” rating in a report on Tuesday, October 24th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Lions Gate Entertainment has a consensus rating of “Buy” and an average price target of $33.38.
Shares of Lions Gate Entertainment (NYSE:LGF.A) traded down $0.38 during mid-day trading on Wednesday, hitting $32.63. The stock had a trading volume of 554,355 shares, compared to its average volume of 723,500. Lions Gate Entertainment has a one year low of $24.27 and a one year high of $34.75. The firm has a market cap of $2,690.00 and a PE ratio of 37.08. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.89.
Lions Gate Entertainment (NYSE:LGF.A) last issued its quarterly earnings results 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 company had revenue of $941.00 million for the quarter, compared to analysts’ expectations of $953.04 million. Lions Gate Entertainment had a return on equity of 6.96% and a net margin of 5.56%. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same period last year, the firm earned $0.01 EPS. sell-side analysts predict that Lions Gate Entertainment will post 1.22 EPS for the current year.