Lions Gate Entertainment Corp. Class A (LGF.A) Price Target Increased to $31.00 by Analysts at Argus

Lions Gate Entertainment Corp. Class A (NYSE:LGF.A) had its target price boosted by research analysts at Argus to $31.00 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Argus’ target price would indicate a potential upside of 23.80% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other equities analysts have also recently weighed in on LGF.A. ValuEngine raised shares of Lions Gate Entertainment Corp. Class A from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 6th. TheStreet cut shares of Lions Gate Entertainment Corp. Class A from a “c” rating to a “d+” rating in a research report on Thursday, June 7th. Zacks Investment Research raised shares of Lions Gate Entertainment Corp. Class A from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Monday. Canaccord Genuity set a $27.00 price objective on shares of Lions Gate Entertainment Corp. Class A and gave the company a “buy” rating in a research report on Wednesday, May 16th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Lions Gate Entertainment Corp. Class A in a research report on Tuesday, May 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.47.

Shares of NYSE LGF.A opened at $25.04 on Wednesday. The firm has a market cap of $5.26 billion, a PE ratio of 22.81, a PEG ratio of 3.53 and a beta of 1.08. Lions Gate Entertainment Corp. Class A has a twelve month low of $21.54 and a twelve month high of $36.48. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.84.

Lions Gate Entertainment Corp. Class A (NYSE:LGF.A) last announced its quarterly earnings results on Thursday, May 24th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.24. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Lions Gate Entertainment Corp. Class A had a net margin of 11.47% and a return on equity of 8.04%. The business’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. equities analysts anticipate that Lions Gate Entertainment Corp. Class A will post 0.91 earnings per share for the current fiscal year.

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

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