Barrington Research Lowers Lions Gate Entertainment Corp. Class A (LGF.A) Price Target to $27.00

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Lions Gate Entertainment Corp. Class A (NYSE:LGF.A) had its price target decreased by analysts at Barrington Research to $27.00 in a research note issued to investors on Friday, The Fly reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s price objective suggests a potential upside of 17.60% from the stock’s previous close.

LGF.A has been the topic of a number of other research reports. SunTrust Banks raised Lions Gate Entertainment Corp. Class A from a “hold” rating to a “$23.87” rating in a report on Wednesday, July 18th. ValuEngine lowered Lions Gate Entertainment Corp. Class A from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Macquarie set a $33.00 price objective on Lions Gate Entertainment Corp. Class A and gave the stock a “buy” rating in a report on Sunday, May 27th. Canaccord Genuity set a $27.00 price objective on Lions Gate Entertainment Corp. Class A and gave the stock a “buy” rating in a report on Wednesday, May 16th. Finally, Zacks Investment Research raised Lions Gate Entertainment Corp. Class A from a “sell” rating to a “hold” rating in a report on Friday, May 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.73.

NYSE:LGF.A opened at $22.96 on Friday. The company has a market capitalization of $5.12 billion, a PE ratio of 18.67, a P/E/G ratio of 3.64 and a beta of 0.90. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.82. Lions Gate Entertainment Corp. Class A has a 12-month low of $21.54 and a 12-month high of $36.48.

Lions Gate Entertainment Corp. Class A (NYSE:LGF.A) last released its earnings results on Thursday, August 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.10. Lions Gate Entertainment Corp. Class A had a return on equity of 5.97% and a net margin of 7.20%. The business had revenue of $933.00 million for the quarter, compared to analyst estimates of $888.36 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. equities analysts predict that Lions Gate Entertainment Corp. Class A will post 0.86 earnings per share for the current year.

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The Fly

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

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