Lions Gate Entertainment (NYSE:LGF.A) Trading 9.7% Higher

Lions Gate Entertainment Corp. (NYSE:LGF.A)’s stock price traded up 9.7% on Friday . The company traded as high as $9.57 and last traded at $9.13, 4,187,052 shares changed hands during mid-day trading. An increase of 310% from the average session volume of 1,020,291 shares. The stock had previously closed at $8.32.

A number of equities analysts recently weighed in on the stock. Goldman Sachs Group raised shares of Lions Gate Entertainment from a “neutral” rating to a “buy” rating and cut their price target for the stock from $24.00 to $19.00 in a report on Wednesday, July 24th. Wells Fargo & Co assumed coverage on shares of Lions Gate Entertainment in a report on Monday, September 23rd. They issued an “outperform” rating and a $15.00 price target on the stock. ValuEngine downgraded shares of Lions Gate Entertainment from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Zacks Investment Research raised shares of Lions Gate Entertainment from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Tuesday, October 15th. Finally, Imperial Capital raised shares of Lions Gate Entertainment to an “outperform” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Lions Gate Entertainment has an average rating of “Buy” and a consensus target price of $20.88.

The firm has a market capitalization of $1.81 billion, a PE ratio of 13.63, a P/E/G ratio of 0.63 and a beta of 1.17. 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 company’s fifty day simple moving average is $8.80 and its 200 day simple moving average is $11.72.

Lions Gate Entertainment (NYSE:LGF.A) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The business had revenue of $963.60 million for the quarter, compared to the consensus estimate of $925.41 million. Lions Gate Entertainment had a negative net margin of 8.90% and a positive return on equity of 3.74%. On average, analysts anticipate that Lions Gate Entertainment Corp. will post 0.87 earnings per share for the current fiscal year.

Lions Gate Entertainment Company Profile (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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