Lionsgate Studios Corp. (NYSE:LION) Stock Has Average Target Price of $15.16

Shares of Lionsgate Studios Corp. (NYSE:LION) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $15.16.

A number of research analysts recently issued reports on the company. Citigroup initiated coverage on Lionsgate Studios in a report on Monday, September 14th. They set a “market outperform” rating for the company. 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 for the company. Wall Street Zen raised shares of Lionsgate Studios from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Citizens Jmp began coverage on shares of Lionsgate Studios in a report on Monday, September 14th. They issued a “market outperform” rating and a $18.00 price objective on the stock. Finally, Zacks Research lowered shares of Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd.

Institutional Investors Weigh In On Lionsgate Studios

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LION. Royal Bank of Canada boosted its stake in shares of Lionsgate Studios by 183.1% during the 1st quarter. Royal Bank of Canada now owns 1,111,046 shares of the company’s stock worth $10,656,000 after buying an additional 718,527 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Lionsgate Studios in the second quarter valued at about $251,521,000. Capstone Investment Advisors LLC acquired a new stake in shares of Lionsgate Studios in the second quarter valued at about $6,231,000. Deutsche Bank AG bought a new stake in Lionsgate Studios during the second quarter worth about $3,326,000. Finally, Jefferies Financial Group Inc. bought a new stake in Lionsgate Studios during the second quarter worth about $88,896,000.

Lionsgate Studios Trading Down 0.3%

LION stock opened at $11.13 on Friday. The stock has a 50-day moving average price of $11.73 and a two-hundred day moving average price of $12.36. Lionsgate Studios has a 1 year low of $5.88 and a 1 year high of $16.70. The stock has a market cap of $3.31 billion, a PE ratio of -26.50 and a beta of 0.67.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. The firm had revenue of $776.60 million during the quarter, compared to the consensus estimate of $703.10 million. On average, analysts forecast that Lionsgate Studios will post 0.03 earnings per share for the current fiscal year.

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.