Lions Gate Entertainment Co. Class A Voting Shares (LGF.A) Price Target Raised to $41.00

Lions Gate Entertainment Co. Class A Voting Shares (NYSE:LGF.A) had its price target boosted by equities researchers at SunTrust Banks from $36.00 to $41.00 in a note issued to investors on Friday, The Fly reports. The brokerage presently has a “buy” rating on the stock. SunTrust Banks’ target price indicates a potential upside of 15.75% from the company’s current price. SunTrust Banks also issued estimates for Lions Gate Entertainment Co. Class A Voting Shares’ Q4 2018 earnings at $0.14 EPS and FY2019 earnings at $0.71 EPS.

LGF.A has been the topic of a number of other reports. B. Riley raised their price objective on shares of Lions Gate Entertainment Co. Class A Voting Shares from $29.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 10th. UBS Group upgraded shares of Lions Gate Entertainment Co. Class A Voting Shares from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Rosenblatt Securities upgraded shares of Lions Gate Entertainment Co. Class A Voting Shares from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. KeyCorp set a $30.00 price objective on shares of Lions Gate Entertainment Co. Class A Voting Shares and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Piper Jaffray Companies set a $35.00 price objective on shares of Lions Gate Entertainment Co. Class A Voting Shares and gave the company a “buy” rating in a report on Wednesday, October 11th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Lions Gate Entertainment Co. Class A Voting Shares presently has an average rating of “Buy” and an average target price of $34.21.

Shares of Lions Gate Entertainment Co. Class A Voting Shares (NYSE LGF.A) traded up $0.92 during mid-day trading on Friday, reaching $35.42. 1,840,000 shares of the company’s stock traded hands, compared to its average volume of 618,567. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.01 and a quick ratio of 1.01. Lions Gate Entertainment Co. Class A Voting Shares has a 52 week low of $24.27 and a 52 week high of $35.72. The stock has a market cap of $2,810.00 and a PE ratio of 40.25.

Lions Gate Entertainment Co. Class A Voting Shares (NYSE:LGF.A) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.42. Lions Gate Entertainment Co. Class A Voting Shares had a net margin of 5.56% and a return on equity of 6.96%. The company had revenue of $941.00 million during the quarter, compared to analysts’ expectations of $953.04 million. During the same quarter last year, the company posted $0.01 EPS. The firm’s revenue was up 47.1% compared to the same quarter last year. sell-side analysts predict that Lions Gate Entertainment Co. Class A Voting Shares will post 1.22 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking and Market News and is owned by of American Banking and Market News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/01/20/lions-gate-entertainment-co-class-a-voting-shares-lgf-a-price-target-raised-to-41-00.html.