Another day, another record closing stock price for Lionsgate. Investors are licking their chops over the expected blockbuster ticket sales for The Hunger Games, which opens Friday. That propelled company shares +7.2% today to $15.28. It also followed a 7.8% jump on Monday. Indeed, Lionsgate’s up 26.9% over the 30 days — and 83.7% just in 2012. The company now trades at an astronomical 63.9 times its expected earnings per share, according to Yahoo Finance. To put that into perspective, CBS, Comcast, Disney, News Corp and Time Warner trade in a range of about 10-to-14 times earnings. Lionsgate bulls are still charging, though. This morning Miller Tabak & Co analyst David Joyce raised his target price for the stock to $17 from $14 “due to continued positive sentiment” toward Hunger Games, which he says could generate $300M at box offices. But even he seems to have had enough. “We are not making further estimate adjustments at this time,” he says.
Lionsgate Shares Continue To Roar Ahead of 'Hunger Games'
What's Hot on Deadline
Latest Film News
- Sofia Coppola On Working With Family & Pulling ‘The Beguiled’ Out Of The Universal Archive – Cannes
- Doug Liman Exits ‘Justice League Dark’ Movie
- Tom Cruise Says ‘Top Gun 2’ Will Be Filming “In The Next Year”
- Sony Pegs Release Dates For ‘The Nightingale’ And ‘Charlie’s Angels’
- Bona Film Group Stakes $80M On Roland Emmerich/Mark Gordon WWII Battle Pic ‘Midway:’ Cannes
- Film Allman Loses Case Against New York Marine Insurer: “No New Info From FBI”