Lions Gate Entertainment Corp. (NYSE:LGF.A) Receives Average Recommendation of “Buy” from Brokerages

Lions Gate Entertainment Corp. (NYSE:LGF.A) has been given an average rating of “Buy” by the ten analysts that are covering the firm, reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $24.83.

LGF.A has been the topic of a number of research reports. Zacks Investment Research downgraded Wix.Com from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Argus downgraded Lions Gate Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. Imperial Capital downgraded Lionsgate to an “in-line” rating and dropped their price target for the stock from $24.00 to $16.00 in a research note on Monday, April 29th. Barrington Research upped their price target on Lions Gate Entertainment to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 29th. Finally, ValuEngine downgraded Welbilt from a “hold” rating to a “sell” rating in a research note on Wednesday, June 12th.

LGF.A traded up $0.43 during midday trading on Tuesday, hitting $11.99. 1,402,009 shares of the company were exchanged, compared to its average volume of 771,552. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.01 and a beta of 1.05. Lions Gate Entertainment has a 1-year low of $11.38 and a 1-year high of $25.25. The business has a 50 day moving average price of $12.85. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84.

Lions Gate Entertainment (NYSE:LGF.A) last announced its earnings results on Thursday, May 23rd. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.03). The company had revenue of $913.70 million for the quarter, compared to analyst estimates of $930.08 million. Lions Gate Entertainment had a positive return on equity of 4.92% and a negative net margin of 7.72%. On average, equities analysts predict that Lions Gate Entertainment will post 0.79 EPS for the current year.

Lions Gate Entertainment Company Profile

Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, interactive ventures and games, and location-based entertainment in Canada, the United States, and internationally. The company operates through three segments: Motion Pictures, Television Production, and Media Networks.

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Analyst Recommendations for Lions Gate Entertainment (NYSE:LGF.A)

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