Lionsgate Studios Corp. (NYSE:LION) Receives $15.57 Consensus Price Target from Analysts

Shares of Lionsgate Studios Corp. (NYSE:LION) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $15.5750.

LION has been the topic of a number of analyst reports. B. Riley Financial reduced their price target on Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Seaport Research Partners reaffirmed a “buy” rating and issued a $17.00 target price on shares of Lionsgate Studios in a report on Friday, August 7th. Benchmark lifted their price target on shares of Lionsgate Studios from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Raymond James Financial reiterated an “outperform” rating and set a $15.00 price target on shares of Lionsgate Studios in a report on Friday, May 22nd. Finally, Zacks Research downgraded shares of Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd.

Lionsgate Studios Stock Down 0.9%

NYSE:LION opened at $11.58 on Thursday. The company has a fifty day simple moving average of $13.77 and a two-hundred day simple moving average of $11.88. The company has a market cap of $3.44 billion, a price-to-earnings ratio of -27.57 and a beta of 0.72. Lionsgate Studios has a 52 week low of $5.88 and a 52 week high of $16.70.

Lionsgate Studios (NYSE:LION) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.14. The company had revenue of $776.60 million during the quarter, compared to analyst estimates of $703.10 million. On average, analysts expect that Lionsgate Studios will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Lionsgate Studios

Several large investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its holdings in Lionsgate Studios by 4,852.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after buying an additional 4,852 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Lionsgate Studios during the 3rd quarter worth about $38,000. Caitong International Asset Management Co. Ltd purchased a new position in Lionsgate Studios in the fourth quarter valued at approximately $44,000. Farther Finance Advisors LLC increased its stake in Lionsgate Studios by 4,457.3% in the fourth quarter. Farther Finance Advisors LLC now owns 5,970 shares of the company’s stock valued at $55,000 after purchasing an additional 5,839 shares during the last quarter. Finally, Walleye Trading LLC acquired a new stake in Lionsgate Studios during the second quarter worth approximately $60,000.

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.