Barrington analyst James Goss reiterated a Buy rating on Lions Gate Ent Cl A (LGF.A) today and set a price target of $10.00. The company’s shares closed last Thursday at $6.11, close to its 52-week low of $4.18.
According to TipRanks.com, Goss is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.1% and a 41.7% success rate. Goss covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and National Cinemedia.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lions Gate Ent Cl A with a $12.00 average price target.
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Based on Lions Gate Ent Cl A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $999 million and GAAP net loss of $91.2 million. In comparison, last year the company earned revenue of $933 million and had a net profit of $22.9 million.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LGF.A in relation to earlier this year.
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Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales. It operates through the following business segments: Motion Pictures, Media Networks and Television Production. The Motion Pictures segment consists of the development and production of feature films, acquisition of North American and worldwide distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and worldwide licensing of distribution rights to feature films produced and acquired. The Television Production segment involves in the development, production and worldwide distribution of television productions, including television series, television movies and mini-series and non-fiction programming. The Media Networks segment consists of starz networks, which includes the licensing of premium subscription video programming to U.S. multichannel video programming distributors; streaming services, which represents the Lionsgate legacy start-up direct to consumer streaming services on its subscription video-on-demand; and content & other, which includes the licensing of the Media Networks’ original series programming to digital media platforms, international television networks, home entertainment and other ancillary markets. The company was founded by Frank Guistra in 1987 and is headquartered in Santa Monica, CA.
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