Lionsgate Studios (NYSE:LION) Price Target Raised to $16.00 at Robert W. Baird

Key Points

• Robert W. Baird raised its price target on Lionsgate to $16.00 and kept an outperform rating, implying roughly a 26.8% upside from the prior close.
• Despite several upgrades, the analyst consensus remains a Hold with a consensus price target of $11.91 (7 Buys, 5 Holds, 1 Sell).
• Shares opened at $12.62 with a $3.66B market cap; last quarter EPS was ($0.07), missing estimates while revenue beat at $724.3M, and the company shows a negative P/E.

Lionsgate Studios (NYSE:LION - Get Free Report) had its target price increased by Robert W. Baird from $14.00 to $16.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's price objective would indicate a potential upside of 26.78% from the company's previous close.

A number of other equities analysts have also commented on the stock. Morgan Stanley boosted their price objective on shares of Lionsgate Studios from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Friday. Benchmark boosted their target price on shares of Lionsgate Studios from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Citigroup downgraded shares of 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 report on Monday, April 20th. Wells Fargo & Company boosted their price objective on shares of Lionsgate Studios from $9.00 to $12.00 and gave the company an "overweight" rating in a research report on Friday, January 30th. Finally, Wall Street Zen cut shares of Lionsgate Studios from a "hold" rating to a "sell" rating in a research report on Sunday, April 26th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $11.91.

Lionsgate Studios Trading Down 0.2%

NYSE:LION opened at $12.62 on Tuesday. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of -14.85 and a beta of 0.56. The firm's fifty day simple moving average is $10.15 and its 200 day simple moving average is $8.75. Lionsgate Studios has a twelve month low of $5.55 and a twelve month high of $12.84.

Lionsgate Studios (NYSE:LION - Get Free Report) 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 for the quarter, compared to analyst estimates of $706.03 million. On average, analysts predict that Lionsgate Studios will post -0.53 earnings per share for the current year.

Institutional Trading of Lionsgate Studios

A number of institutional investors have recently made changes to their positions in LION. Millennium Management LLC lifted its stake in shares of Lionsgate Studios by 72.6% in the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock worth $14,877,000 after acquiring an additional 837,774 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Lionsgate Studios by 198.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company's stock worth $3,099,000 after acquiring an additional 275,839 shares during the period. Jane Street Group LLC acquired a new stake in shares of Lionsgate Studios in the 1st quarter worth approximately $825,000. Envestnet Asset Management Inc. acquired a new stake in shares of Lionsgate Studios in the 2nd quarter worth approximately $77,000. Finally, Creative Planning acquired a new stake in shares of Lionsgate Studios in the 2nd quarter worth approximately $117,000.

About Lionsgate Studios

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.

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