Lions Gate Entertainment Corp. (USA) (LGF) is Reiterated by Wunderlich to Buy, Lowers Price Target to $ 26

Lions Gate Entertainment Corp. (USA) (LGF) was Reiterated by Wunderlich to “Buy” while Lowering the Price Target of the company shares to $ 26 from a previous price target of $28 . Wunderlich advised their investors in a research report released on Oct 13, 2016.

Many Wall Street Analysts have commented on Lions Gate Entertainment Corp. (USA). Lions Gate Entertainment Corp. (USA) was Initiated by Loop Capital to “Buy” on Aug 9, 2016. Shares were Reiterated by FBR Capital on Aug 5, 2016 to “Outperform” and Lowered the Price Target to $ 30 from a previous price target of $32 .Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 24 from a previous price target of $23 .

On the company’s financial health, Lions Gate Entertainment Corp. (USA) reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.08. The company had revenue of $553.60 million for the quarter, compared to analysts expectations of $494.51 million. The company’s revenue was up 35.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Lions Gate Entertainment Corp. (USA) closed down -1.51 points or -7.13% at $19.68 with 49,93,752 shares getting traded on Tuesday. Post opening the session at $21.01, the shares hit an intraday low of $19.67 and an intraday high of $21.06 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 16, 2016, Jon Feltheimer (Chief Executive Officer) sold 255,718 shares at $20.25 per share price. According to the SEC, on Aug 10, 2016, Gordon Crawford (director) purchased 50,000 shares at $21.70 per share price. On Nov 19, 2015, Scott Paterson (director) sold 40,000 shares at $37.42 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.

Lions Gate Entertainment Corp. (USA)

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