Jefferies Maintains Lions Gate Entertainment Corp. (USA) to Buy with Price Target $26.00

Brokerage firm Jefferies Maintains its rating on Lions Gate Entertainment Corp. (USA)(NYSE:LGF). In a research note issued to the investors, the brokerage major Lowers the price-target to $26.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Aug 5, 2016.

In a different note, On Aug 2, 2016, FBR Capital said it Maintains its rating on Lions Gate Entertainment Corp. (USA). In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jul 14, 2016, Bernstein said it Downgrades its rating on Lions Gate Entertainment Corp. (USA). The shares have been rated ‘Market Perform’ by the firm. On Jul 13, 2016, Bernstein said it Downgrades its rating on Lions Gate Entertainment Corp. (USA). The shares have been rated ‘Market Perform’ by the firm.

Lions Gate Entertainment Corp. (USA) (LGF) shares turned negative on Wednesdays trading session with the shares closing down -0.22 points or -1.02% at a volume of 12,73,582. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.72. The peak price level was also seen at $21.72 while the days lowest was $21.29. Finally the shares closed at $21.42. The 52-week high of the shares is $41.41 while the 52-week low is $16.21. According to the latest information available, the market cap of the company is $3,163 M.

Lions Gate Entertainment Corp. (USA)(LGF) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $553.58M. Analysts had an estimated revenue of $497.59M. Earnings per share were $0.19. Analysts had estimated an EPS of $-0.16.

Several Insider Transactions has been reported to the SEC. On Nov 19, 2015, Scott Paterson (director) sold 40,000 shares at $37.42 per share price.Also, On Oct 1, 2015, Steve Beeks (Co-Chief Operating Officer) sold 20,000 shares at $36.97 per share price.On May 1, 2015, Arthur Evrensel (director) sold 23,000 shares at $31.41 per share price, according to the Form-4 filing with the securities and exchange commission.

Lions Gate Entertainment Corp. is engaged in motion picture production and distribution television programming and syndication home entertainment digital distribution channel platforms and international distribution and sales. The Company operates through two segments: Motion Pictures and Television Production. The Company’s Motion Pictures segment consists of the development and production of feature films acquisition of North American and global distribution rights North American theatrical home entertainment and television distribution of feature films produced and acquired and global licensing of distribution rights to feature films produced and acquired. The Company’s Television Production segment consists of the development production and global distribution of television productions including television series television movies and mini-series and non-fiction programming.

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