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

Key Points

• Analysts have a “Moderate Buy” consensus on Lionsgate Studios, with eight buys, two holds, and two sells. The average 12-month price target is $15.16, though targets range from $9.00 to $18.00.
• LION shares opened at $12.20 and were reported down 2.3%, with a market capitalization of approximately $3.63 billion and a 52-week range of $6.14 to $16.70.
• Lionsgate exceeded quarterly expectations, reporting $0.06 in EPS versus the expected loss of $0.08 and revenue of $776.6 million versus the $703.1 million consensus estimate.

Shares of Lionsgate Studios Corp. (NYSE:LION - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twelve ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $15.16.

A number of research firms have recently issued reports on LION. B. Riley Financial dropped their price objective on shares of Lionsgate Studios from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, August 10th. JPMorgan Chase & Co. began coverage on Lionsgate Studios in a research report on Friday, September 25th. They set an "underweight" rating and a $9.00 price target on the stock. Morgan Stanley restated an "overweight" rating and set a $15.00 price target on shares of Lionsgate Studios in a research report on Thursday, August 6th. Wall Street Zen raised Lionsgate Studios from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Citizens Jmp initiated coverage on Lionsgate Studios in a report on Monday, September 14th. They issued a "market outperform" rating and a $18.00 price objective for the company.

Lionsgate Studios Trading Down 2.3%

LION stock opened at $12.20 on Tuesday. The company's 50 day moving average is $11.37 and its 200 day moving average is $11.53. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of -29.05 and a beta of 0.67. Lionsgate Studios has a 1-year low of $6.14 and a 1-year high of $16.70.

Lionsgate Studios (NYSE:LION - Get Free Report) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $703.10 million. As a group, sell-side analysts forecast that Lionsgate Studios will post 0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Lionsgate Studios

A number of large investors have recently modified their holdings of the company. Nykredit A S purchased a new stake in Lionsgate Studios in the second quarter worth approximately $49,000. Sterling Capital Management LLC grew its position in Lionsgate Studios by 847.4% during the third quarter. Sterling Capital Management LLC now owns 6,622 shares of the company's stock valued at $74,000 after acquiring an additional 5,923 shares during the last quarter. Lido Advisors LLC bought a new position in Lionsgate Studios during the first quarter valued at approximately $112,000. Praxis Investment Management Inc. bought a new position in Lionsgate Studios during the first quarter valued at approximately $117,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Lionsgate Studios during the second quarter worth approximately $118,000.

About Lionsgate Studios

Lionsgate Studios NYSE: LION is a global entertainment company focused on the development, production and distribution of motion pictures and television programming. Its operations include theatrical film releases, home entertainment, television licensing and distribution, and the sale of content to streaming platforms and other media outlets.

The company's film business includes established franchises such as The Hunger Games, John Wick, Twilight, Saw and Now You See Me, along with original feature films.

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