Lionsgate Studios (NYSE:LION) Price Target Raised to $14.00

Lionsgate Studios (NYSE:LION) had its price target boosted by Robert W. Baird from $12.00 to $14.00 in a research note released on Thursday, MarketBeat.com reports. Robert W. Baird currently has an outperform rating on the stock.

LION has been the topic of a number of other reports. Wall Street Zen lowered shares of Lionsgate Studios from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Morgan Stanley reiterated an “overweight” rating and set a $11.00 target price on shares of Lionsgate Studios in a research note on Friday, February 6th. Zacks Research raised Lionsgate Studios from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wells Fargo & Company raised their price target on Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, Benchmark lifted their price target on Lionsgate Studios from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.65.

Lionsgate Studios Stock Performance

Shares of Lionsgate Studios stock opened at $12.46 on Thursday. Lionsgate Studios has a one year low of $5.55 and a one year high of $12.47. The company has a market cap of $3.62 billion, a PE ratio of -14.66 and a beta of -0.48. The business has a 50-day simple moving average of $9.55 and a 200-day simple moving average of $8.38.

Lionsgate Studios (NYSE:LION) last issued 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 analysts’ expectations of $706.03 million. On average, sell-side analysts predict that Lionsgate Studios will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LION. Osaic Holdings Inc. raised its stake in Lionsgate Studios by 4,852.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after acquiring an additional 4,852 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Lionsgate Studios by 99.3% during the fourth quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock worth $32,000 after purchasing an additional 1,773 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Lionsgate Studios during the third quarter worth about $38,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Lionsgate Studios in the 4th quarter valued at about $44,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Lionsgate Studios in the 4th quarter valued at about $55,000.

Lionsgate Studios Company Profile

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.