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

Key Points

• Analysts have a “Moderate Buy” consensus on Lionsgate Studios, with eight buy ratings, two holds and two sells. The average 12-month price target is $15.16, above the stock’s recent $11.20 price.
• Lionsgate recently exceeded quarterly expectations, reporting $0.06 EPS versus an expected loss of $0.08 and revenue of $776.6 million compared with the $703.1 million consensus estimate.
• The stock has traded between $5.88 and $16.70 over the past year and has a market capitalization of approximately $3.33 billion. Several institutional investors, including Amundi and HSBC, recently initiated positions.

Shares of Lionsgate Studios Corp. (NYSE:LION - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two 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 12 month price objective among brokerages that have covered the stock in the last year is $15.16.

LION has been the subject of several research reports. Citizens Jmp started coverage on Lionsgate Studios in a research report on Monday, September 14th. They issued a "market outperform" rating and a $18.00 price objective for the company. B. Riley Financial dropped their target price on shares of Lionsgate Studios from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, August 10th. JPMorgan Chase & Co. assumed coverage on shares of Lionsgate Studios in a research note on Friday, September 25th. They set an "underweight" rating and a $9.00 target price for the company. Citigroup started coverage on shares of Lionsgate Studios in a report on Monday, September 14th. They issued a "market outperform" rating for the company. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Lionsgate Studios in a research report on Friday, July 17th.

Lionsgate Studios Stock Performance

NYSE LION opened at $11.20 on Friday. Lionsgate Studios has a twelve month low of $5.88 and a twelve month high of $16.70. The stock has a market capitalization of $3.33 billion, a PE ratio of -26.67 and a beta of 0.67. The stock has a 50-day simple moving average of $11.77 and a 200 day simple moving average of $12.35.

Lionsgate Studios (NYSE:LION - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.14. The business had revenue of $776.60 million for the quarter, compared to the consensus estimate of $703.10 million. As a group, equities research analysts forecast that Lionsgate Studios will post 0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Lionsgate Studios

Hedge funds have recently made changes to their positions in the stock. Nykredit A S bought a new position in Lionsgate Studios during the second quarter valued at about $49,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Lionsgate Studios during the 2nd quarter worth approximately $118,000. Amundi acquired a new stake in shares of Lionsgate Studios during the 2nd quarter worth approximately $169,000. Lido Advisors LLC bought a new stake in shares of Lionsgate Studios during the first quarter valued at approximately $112,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Lionsgate Studios during the second quarter valued at approximately $180,000.

About Lionsgate Studios

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.

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