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
Veteran ‘Criminal Minds’, Comedies 'Life In Pieces' & ‘Kevin Can Wait’ Among Series Left In Limbo After CBS Renewals
'The Equalizer 2' Trailer: Denzel Washington Returns As Justice-Seeker In Antoine Fuqua Action Thriller
Cannes Adds Lars Von Trier, Whitney Houston Doc, Michael B. Jordan Sci-Fi, Terry Gilliam's 'Don Quixote', More
'Homeland': Claire Danes Confirms Series Will End With Season 8, New Pregnancy Not Expected To Impact Production
Latest Film News
- Courtney Braun Named Head Legal Affairs Exec At Endeavor
- Brad William Henke, Karl Glusman Cast In Babak Anvari's Untitled Drama For Annapurna
- Toronto Film Festival Ups Cameron Bailey To Co-Head
- Shares In MoviePass Parent Company Plunge 40% After New Stock Issue
- Paramount Greenlighting ‘Rocketman’; Taron Egerton To Sing Elton John’s Songs
- Sofia Vergara Animation ‘Koati’ Cannes Marché-Bound With Timeless Films