Lions Gate Entertainment (NYSE:LGF.A) Sets New 1-Year Low at $8.28

Shares of Lions Gate Entertainment Corp. (NYSE:LGF.A) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.28 and last traded at $8.67, with a volume of 838321 shares. The stock had previously closed at $8.45.

LGF.A has been the topic of several research reports. Goldman Sachs Group raised Lions Gate Entertainment from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $24.00 to $19.00 in a report on Wednesday, July 24th. Zacks Investment Research raised Lions Gate Entertainment from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Tuesday, October 15th. ValuEngine raised Lions Gate Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Imperial Capital raised Lions Gate Entertainment to an “outperform” rating in a report on Monday, August 19th. Finally, Wells Fargo & Co initiated coverage on Lions Gate Entertainment in a report on Monday, September 23rd. They set an “outperform” rating and a $15.00 price objective on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $20.88.

The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average of $9.63 and a 200-day moving average of $12.41. The stock has a market cap of $1.83 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 0.65 and a beta of 1.20.

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

About Lions Gate Entertainment (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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