Lions Gate Entertainment Corp. (NYSE:LGF) was upgraded by research analysts at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a report released on Monday, Stock Ratings Network.com reports.
LGF has been the subject of a number of other recent research reports. Analysts at Argus reiterated a “buy” rating on shares of Lions Gate Entertainment Corp. in a research note to investors on Thursday, July 11th. They now have a $34.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Lions Gate Entertainment Corp. from $31.00 to $35.00 in a research note to investors on Thursday, July 11th. They now have a “buy” rating on the stock. Finally, analysts at Barrington Research raised their price target on shares of Lions Gate Entertainment Corp. from $28.00 to $34.00 in a research note to investors on Friday, June 7th.
One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $29.55.
Shares of Lions Gate Entertainment Corp. (NYSE: LGF) traded down 2.80% during mid-day trading on Monday, hitting $31.812. Lions Gate Entertainment Corp. has a one year low of $12.75 and a one year high of $33.35. The stock’s 50-day moving average is currently $29.96. The company has a market cap of $4.334 billion and a P/E ratio of 20.39.
Lions Gate Entertainment Corp. (NYSE:LGF) last released its earnings data on Thursday, May 30th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.21. The company had revenue of $785.70 million for the quarter, compared to the consensus estimate of $753.02 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, analysts predict that Lions Gate Entertainment Corp. will post $1.29 earnings per share for the current fiscal year.
Lions Gate Entertainment Corp. (NYSE: LGF), is an entertainment company with a presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales.