Why Lions Gate Entertainment Corporation (NYSE:LGF) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $26.73 on Lions Gate Entertainment Corporation (NYSE:LGF) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.46 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Lions Gate Entertainment Corporation (NYSE:LGF) stands at 297.61.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Lions Gate Entertainment Corpor, the PEG ratio for coming 3-5 years is 1.41.

Technical Analysis

The technical analysis highlights that Lions Gate Entertainment Corpor current is trading $0.77 points away or +3.78% from its 50-day moving average of $20.36. Further it is trading $0.19 or +0.90% away its 200-day moving average of $20.94.

The 52-week high of Lions Gate Entertainment Corporation (NYSE:LGF) was $41.41 while lowest point recorded in 52-week was $16.21. It implies if stock price makes a movement of over $-20.28, it will record a new 52-week high. In the case of +30.35% drop, it will touch a new 52-week low.

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