Cowen Reiterates Hold Rating for Lions Gate Entertainment Co. Class A Voting Shares (LGF.A)

Lions Gate Entertainment Co. Class A Voting Shares (NYSE:LGF.A)‘s stock had its “hold” rating reaffirmed by stock analysts at Cowen in a research note issued on Tuesday. They currently have a $26.00 target price on the stock. Cowen’s price objective suggests a potential downside of 6.27% from the company’s previous close.

Other research analysts also recently issued reports about the stock. ValuEngine upgraded shares of Lions Gate Entertainment Co. Class A Voting Shares from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Royal Bank of Canada increased their price target on shares of Lions Gate Entertainment Co. Class A Voting Shares from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. B. Riley increased their price target on shares of Lions Gate Entertainment Co. Class A Voting Shares from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Morgan Stanley downgraded shares of Lions Gate Entertainment Co. Class A Voting Shares from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 30th. Finally, KeyCorp downgraded shares of Lions Gate Entertainment Co. Class A Voting Shares from an “overweight” rating to a “sector weight” rating in a research report on Friday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Lions Gate Entertainment Co. Class A Voting Shares has a consensus rating of “Buy” and a consensus price target of $34.79.

Shares of Lions Gate Entertainment Co. Class A Voting Shares (NYSE LGF.A) traded up $0.69 during trading on Tuesday, reaching $27.74. 1,820,000 shares of the company were exchanged, compared to its average volume of 1,160,000. The company has a market capitalization of $2,210.00 and a P/E ratio of 12.96. Lions Gate Entertainment Co. Class A Voting Shares has a 12 month low of $24.27 and a 12 month high of $36.48. 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 Co. Class A Voting Shares (NYSE:LGF.A) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.28. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.08 billion. Lions Gate Entertainment Co. Class A Voting Shares had a net margin of 10.22% and a return on equity of 9.38%. The firm’s revenue for the quarter was up 51.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. equities research analysts predict that Lions Gate Entertainment Co. Class A Voting Shares will post 1.16 earnings per share for the current fiscal year.

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

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