Lions Gate Entertainment (NYSE:LGF.A) Stock Price Down 5.4%

Lions Gate Entertainment Corp. (NYSE:LGF.A) shares were down 5.4% during mid-day trading on Monday . The stock traded as low as $8.93 and last traded at $9.01, approximately 1,151,900 shares changed hands during trading. An increase of 19% from the average daily volume of 970,817 shares. The stock had previously closed at $9.52.

Several equities analysts recently issued reports on LGF.A shares. Imperial Capital raised Lions Gate Entertainment to an “outperform” rating in a research note on Monday, August 19th. Goldman Sachs Group upgraded Lions Gate Entertainment from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $24.00 to $19.00 in a research note on Wednesday, July 24th. Wells Fargo & Co began coverage on Lions Gate Entertainment in a research note on Monday, September 23rd. They set an “outperform” rating and a $15.00 price target on the stock. Zacks Investment Research upgraded Lions Gate Entertainment from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Tuesday. Finally, ValuEngine upgraded Lions Gate Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Lions Gate Entertainment has an average rating of “Buy” and an average target price of $20.88.

The stock’s 50-day simple moving average is $9.77 and its 200-day simple moving average is $12.66. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 0.73 and a beta of 1.20. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.04.

Lions Gate Entertainment (NYSE:LGF.A) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. Lions Gate Entertainment had a negative net margin of 8.90% and a positive return on equity of 3.74%. The company had revenue of $963.60 million during the quarter, compared to the consensus estimate of $925.41 million. On average, equities research analysts forecast that Lions Gate Entertainment Corp. will post 0.87 earnings per share for the current 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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