Lionsgate Studios Corp. (NYSE:LION) Stock Has Consensus Price Target of $15.16

Shares of Lionsgate Studios Corp. (NYSE:LION) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.16.

Several brokerages have recently issued reports on LION. Seaport Research Partners reissued a “buy” rating and set a $17.00 price objective on shares of Lionsgate Studios in a research report on Friday, August 7th. Robert W. Baird boosted their price objective on shares of Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Zacks Research lowered shares of Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. assumed coverage on Lionsgate Studios in a research note on Friday, September 25th. They issued an “underweight” rating and a $9.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Friday, July 17th.

Hedge Funds Weigh In On Lionsgate Studios

Several hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in shares of Lionsgate Studios by 183.1% during the 1st quarter. Royal Bank of Canada now owns 1,111,046 shares of the company’s stock worth $10,656,000 after purchasing an additional 718,527 shares in the last quarter. BlackRock Inc. bought a new position in shares of Lionsgate Studios in the 2nd quarter valued at about $251,521,000. Deutsche Bank AG acquired a new position in Lionsgate Studios during the second quarter worth approximately $3,326,000. Capstone Investment Advisors LLC acquired a new position in shares of Lionsgate Studios during the 2nd quarter worth approximately $6,231,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Lionsgate Studios in the second quarter valued at $88,896,000.

Lionsgate Studios Trading Up 1.7%

NYSE:LION opened at $11.36 on Friday. Lionsgate Studios has a 1 year low of $5.88 and a 1 year high of $16.70. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of -27.05 and a beta of 0.67. The stock has a 50-day moving average price of $11.65 and a two-hundred day moving average price of $12.39.

Lionsgate Studios (NYSE:LION) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. The business had revenue of $776.60 million for the quarter, compared to analyst estimates of $703.10 million. Sell-side analysts forecast that Lionsgate Studios will post 0.03 earnings per share for the current year.

Lionsgate Studios Company Profile

Lionsgate Studios Corp. (NYSE: LION) is a global entertainment company focused on developing, producing and distributing motion pictures and television programming. Its operations include the Lionsgate Motion Picture Group, Lionsgate Television and related entertainment businesses that create content for theaters, broadcast networks, cable channels and streaming platforms.

The company’s portfolio includes feature films, scripted and unscripted television series, and a broad library of licensed and owned content.