Research analysts at Wunderlich upped their target price on shares of Lions Gate Entertainment Corp. (NYSE:LGF) from $34.00 to $40.00 in a report released on Monday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price objective would suggest a potential upside of 17.89% from the stock’s previous close.
Lions Gate Entertainment Corp. (NYSE:LGF) opened at 33.93 on Monday. Lions Gate Entertainment Corp. has a 52-week low of $13.36 and a 52-week high of $35.04. The stock’s 50-day moving average is currently $31.46. The company has a market cap of $4.627 billion and a price-to-earnings ratio of 17.23.
Lions Gate Entertainment Corp. (NYSE:LGF) last released its earnings data on Thursday, August 8th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.09. The company had revenue of $569.70 million for the quarter, compared to the consensus estimate of $521.53 million. During the same quarter last year, the company posted ($0.33) earnings per share. Lions Gate Entertainment Corp.’s revenue was up 20.8% compared to the same quarter last year. On average, analysts predict that Lions Gate Entertainment Corp. will post $1.26 earnings per share for the current fiscal year.
A number of other firms have also recently commented on LGF. Analysts at Barrington Research raised their price target on shares of Lions Gate Entertainment Corp. from $34.00 to $41.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Lions Gate Entertainment Corp. from $34.00 to $37.00 in a research note to investors on Monday, August 5th. Finally, analysts at Thomson Reuters/Verus upgraded shares of Lions Gate Entertainment Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 29th.
One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Lions Gate Entertainment Corp. has an average rating of “Buy” and a consensus price target of $31.00.
In other Lions Gate Entertainment Corp. news, COO Steve Beeks sold 57,353 shares of Lions Gate Entertainment Corp. stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $34.01, for a total value of $1,950,575.53. Following the completion of the sale, the chief operating officer now directly owns 72,995 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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.
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