Lions Gate Entertainment Corp. (LGF.A) Receives Consensus Recommendation of “Buy” from Brokerages

Lions Gate Entertainment Corp. (NYSE:LGF.A) has received a consensus rating of “Buy” from the eighteen research firms that are covering the firm, reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $31.36.

Several equities research analysts have weighed in on LGF.A shares. Zacks Investment Research downgraded Lions Gate Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Canaccord Genuity set a $26.00 price target on Lions Gate Entertainment and gave the stock a “buy” rating in a research report on Friday, August 10th. ValuEngine raised Lions Gate Entertainment from a “strong sell” rating to a “sell” rating in a research report on Friday, September 28th. Barrington Research cut their price target on Lions Gate Entertainment from $34.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, August 17th. Finally, SunTrust Banks raised Lions Gate Entertainment from a “hold” rating to a “$23.87” rating in a research report on Wednesday, July 18th.

Shares of NYSE LGF.A traded down $0.44 during mid-day trading on Thursday, hitting $19.18. The stock had a trading volume of 864,000 shares, compared to its average volume of 829,024. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.74 and a quick ratio of 0.74. Lions Gate Entertainment has a twelve month low of $18.04 and a twelve month high of $36.48. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 3.07 and a beta of 1.23.

Lions Gate Entertainment (NYSE:LGF.A) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.06. The company had revenue of $933.00 million for the quarter, compared to the consensus estimate of $888.36 million. Lions Gate Entertainment had a return on equity of 5.97% and a net margin of 7.20%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. Research analysts expect that Lions Gate Entertainment will post 0.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 8th. Stockholders of record on Sunday, September 30th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, September 27th. Lions Gate Entertainment’s payout ratio is currently 29.27%.

About Lions Gate Entertainment

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

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