Shares of Lions Gate Entertainment Corp. (NYSE:LGF.A) traded up 6.2% on Wednesday . The company traded as high as $11.73 and last traded at $11.69, 1,358,523 shares changed hands during trading. An increase of 42% from the average session volume of 958,699 shares. The stock had previously closed at $11.01.
A number of research analysts have weighed in on the stock. Goldman Sachs Group upgraded shares of Lions Gate Entertainment from a “neutral” rating to a “buy” rating and cut their price objective for the company from $24.00 to $19.00 in a research report on Wednesday, July 24th. Barrington Research boosted their price objective on shares of Lions Gate Entertainment to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, May 29th. Zacks Investment Research cut shares of Lions Gate Entertainment from a “buy” rating to a “hold” rating and set a $13.00 price objective on the stock. in a research report on Tuesday, August 13th. ValuEngine upgraded shares of Lions Gate Entertainment from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 12th. Finally, Argus cut shares of Lions Gate Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $22.14.
The company has a debt-to-equity ratio of 1.04, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $2.44 billion, a P/E ratio of 16.64, a PEG ratio of 0.85 and a beta of 1.17. The stock’s 50-day simple moving average is $11.34 and its two-hundred day simple moving average is $13.64.
Lions Gate Entertainment (NYSE:LGF.A) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.03. Lions Gate Entertainment had a negative net margin of 8.90% and a positive return on equity of 3.74%. The business had revenue of $963.60 million for the quarter, compared to analysts’ expectations of $925.41 million. As a group, sell-side analysts expect that Lions Gate Entertainment Corp. will post 0.87 earnings per share for the current year.
About Lions Gate Entertainment (NYSE:LGF.A)
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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