Morgan Stanley Forecasts Strong Price Appreciation for Lionsgate Studios (NYSE:LION) Stock

Lionsgate Studios (NYSE:LION) had its price objective increased by research analysts at Morgan Stanley from $11.00 to $14.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 12.45% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a research note on Tuesday, April 21st. Zacks Research upgraded Lionsgate Studios from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Wells Fargo & Company boosted their price objective on Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Robert W. Baird boosted their price objective on Lionsgate Studios from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Finally, Citigroup cut Lionsgate Studios from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $11.00 to $12.60 in a research note on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lionsgate Studios presently has an average rating of “Hold” and an average price target of $11.71.

Lionsgate Studios Stock Up 2.0%

LION stock opened at $12.45 on Friday. The business has a 50 day moving average price of $10.15 and a 200 day moving average price of $8.71. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of -14.65 and a beta of -0.48. Lionsgate Studios has a fifty-two week low of $5.55 and a fifty-two week high of $12.58.

Lionsgate Studios (NYSE:LION) last posted its earnings results on Thursday, February 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $724.30 million during the quarter, compared to analysts’ expectations of $706.03 million. As a group, sell-side analysts anticipate that Lionsgate Studios will post -0.53 EPS for the current year.

Institutional Investors Weigh In On Lionsgate Studios

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LION. Jericho Capital Asset Management L.P. purchased a new stake in Lionsgate Studios in the fourth quarter valued at approximately $51,119,000. Anson Funds Management LP increased its holdings in shares of Lionsgate Studios by 36.3% in the fourth quarter. Anson Funds Management LP now owns 9,556,948 shares of the company’s stock valued at $87,255,000 after purchasing an additional 2,543,352 shares during the period. Marshall Wace LLP increased its holdings in shares of Lionsgate Studios by 273.4% in the fourth quarter. Marshall Wace LLP now owns 2,331,777 shares of the company’s stock valued at $21,289,000 after purchasing an additional 1,707,282 shares during the period. Broad Bay Capital Management LP increased its holdings in shares of Lionsgate Studios by 38.7% in the fourth quarter. Broad Bay Capital Management LP now owns 5,168,008 shares of the company’s stock valued at $47,184,000 after purchasing an additional 1,441,700 shares during the period. Finally, Ratan Capital Management LP acquired a new position in shares of Lionsgate Studios in the third quarter valued at approximately $9,142,000.

Lionsgate Studios Company Profile

Lionsgate Studios, operating under the ticker NYSE:LION, is a leading global entertainment company specializing in the production, acquisition and distribution of motion pictures, television programming and digital content. Headquartered in Santa Monica, California, and with additional operations in Vancouver, the company develops, finances and markets feature films that span a wide range of genres—from major franchise hits like The Hunger Games and John Wick to independent and specialty titles.