RBC Capital Upgrades Lions Gate to Outperform (LGF)

By admin | 6 years ago

Lions Gate (NYSE: LGF) was upgraded by equities research analysts at RBC Capital (NYSE: RY) from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Friday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Caris & Co. upgraded shares of Lions Gate from an “average” rating to an “above average” rating in a research note to investors on Monday, April 23rd. Finally, analysts at Stifel Nicolaus cut their price target on shares of Lions Gate from $19.00 to $17.00 in a research note to investors on Wednesday, April 18th. They now have a “buy” rating on the stock.

Shares of Lions Gate traded down 2.05% during mid-day trading on Friday, hitting $12.40. Lions Gate has a one year low of $5.88 and a one year high of $16.19. The company’s market cap is $1.648 billion.

Lions Gate last issued its quarterly earnings data on Wednesday, May 30th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.44. The company’s revenue for the quarter was up 71.1% on a year-over-year basis. On average, analysts predict that Lions Gate will post $0.20 earnings per share next quarter.

Lions Gate Entertainment Corp. is a global entertainment company with a diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution and new channel platforms.

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