Analysts at Stifel Nicolaus lifted their price target on shares of Lions Gate (NYSE: LGF) from $21.00 to $25.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock.
A number of other analysts have also recently weighed in on LGF. Analysts at B. Riley Caris raised their price target on shares of Lions Gate from $23.00 to $27.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Lions Gate in a research note to investors on Monday, February 18th. They now have a $21.00 price target on the stock. Finally, analysts at S&P Equity Research raised their price target on shares of Lions Gate from $19.00 to $22.00 in a research note to investors on Wednesday, February 13th.
Nine research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and one has issued a hold rating to the company’s stock. The company has an average rating of “buy” and a consensus price target of $22.56.
Lions Gate opened at 22.28 on Wednesday. Lions Gate has a 1-year low of $11.26 and a 1-year high of $22.56. The stock’s 50-day moving average is currently $20.05. The company has a market cap of $3.012 billion and a price-to-earnings ratio of 66.11.
Lions Gate last issued its quarterly earnings data on Monday, February 11th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.07. The company had revenue of $743.60 million for the quarter, compared to the consensus estimate of $707.02 million. During the same quarter last year, the company posted ($0.01) earnings per share. Lions Gate’s revenue was up 130.2% compared to the same quarter last year. Analysts expect that Lions Gate will post $0.90 EPS for the current fiscal year.
Lions Gate Entertainment Corp. is a global entertainment company with a diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution and new channel platforms.
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