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.

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The Fly

Analyst Recommendations for Lions Gate Entertainment Co. Class A Voting Shares (NYSE:LGF.A)

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