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

Shares of Lionsgate Studios Corp. (NYSE:LION) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.16.

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lionsgate Studios in a report on Thursday, October 15th. Seaport Research Partners reissued a “buy” rating and issued a $17.00 target price on shares of Lionsgate Studios in a research note on Friday, August 7th. Wall Street Zen upgraded Lionsgate Studios from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research lowered Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. started 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.

Lionsgate Studios Stock Down 2.3%

Shares of NYSE:LION opened at $12.20 on Tuesday. The stock has a market cap of $3.63 billion, a PE ratio of -29.05 and a beta of 0.67. The company’s fifty day moving average is $11.37 and its 200 day moving average is $11.53. Lionsgate Studios has a 52 week low of $6.14 and a 52 week high of $16.70.

Lionsgate Studios (NYSE:LION) last posted its quarterly 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 business had revenue of $776.60 million for the quarter, compared to analysts’ expectations of $703.10 million. Sell-side analysts anticipate that Lionsgate Studios will post 0.03 EPS for the current year.

Institutional Trading of Lionsgate Studios

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Lionsgate Studios in the second quarter worth approximately $251,521,000. Wellington Management Group LLP purchased a new position in shares of Lionsgate Studios in the second quarter worth $113,683,000. Jefferies Financial Group Inc. purchased a new position in shares of Lionsgate Studios in the second quarter worth $88,896,000. Coastal Bridge Advisors LLC purchased a new position in shares of Lionsgate Studios in the second quarter worth $83,144,000. Finally, Cooper Creek Partners Management LLC bought a new stake in Lionsgate Studios during the 1st quarter valued at $43,715,000.

Lionsgate Studios Company Profile

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.