Lions Gate Entertainment Corporation (NYSE:LGF.A) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Monday.
According to Zacks, “Lions Gate has surpassed the industry year to date, backed by its impressive performance. Evidently, the company’s top and bottom lines grew year over year for the third straight time in second-quarter fiscal 2018 that also marked Lionsgate’s second consecutive bottom-line beat. Lionsgate has been gaining from its focus on profitable areas and strategic buyouts like that of Starz, which is aiding it to emerge as a major player in the TV space and helping it regain lost ground in streaming network. This was clear when solid subscriber gains at Starz fueled Lionsgate’s revenues in the second quarter. Also, Lions Gate’s investment in The Immortals to capitalize on the rising popularity of eSports bodes well. However, fewer movie releases in fiscal 2018 compared with the previous year may hurt Motion Pictures revenues. Soft television production performance in the past few quarters has been also a concern.”
Several other equities analysts have also recently commented on the stock. FBN Securities assumed coverage on shares of Lions Gate Entertainment Corporation in a research report on Friday, September 15th. They issued an “outperform” rating and a $37.71 price target for the company. KeyCorp set a $30.00 price objective on shares of Lions Gate Entertainment Corporation and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Loop Capital lifted their price objective on shares of Lions Gate Entertainment Corporation from $29.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Piper Jaffray Companies set a $35.00 price objective on shares of Lions Gate Entertainment Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, UBS AG cut shares of Lions Gate Entertainment Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $32.56.
Lions Gate Entertainment Corporation (NYSE LGF.A) opened at $30.59 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.89. The firm has a market cap of $6,401.12, a P/E ratio of 36.11, a P/E/G ratio of 3.96 and a beta of 1.12. Lions Gate Entertainment Corporation has a 1 year low of $24.27 and a 1 year high of $33.68.
Lions Gate Entertainment Corporation (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 Corporation 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. analysts expect that Lions Gate Entertainment Corporation will post 1.12 earnings per share for the current fiscal year.
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