Lionsgate Studios (NYSE:LION) Given New $15.00 Price Target at Benchmark

Lionsgate Studios (NYSE:LION) had its price objective raised by Benchmark from $12.00 to $15.00 in a report published on Monday, Marketbeat reports. Benchmark currently has a buy rating on the stock.

A number of other analysts have also commented on LION. Barrington Research reiterated an “outperform” rating and issued a $11.50 price objective on shares of Lionsgate Studios in a research report on Friday, February 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Lionsgate Studios in a research report on Tuesday, April 21st. Wells Fargo & Company raised their target price on shares of Lionsgate Studios from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Robert W. Baird lifted their price target on shares of Lionsgate Studios from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Finally, Citigroup downgraded shares of Lionsgate Studios from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $11.00 to $12.60 in a research note on Monday, April 20th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lionsgate Studios presently has an average rating of “Hold” and a consensus target price of $11.11.

Lionsgate Studios Stock Performance

NYSE:LION opened at $12.25 on Monday. The company has a market cap of $3.55 billion, a price-to-earnings ratio of -14.41 and a beta of -0.48. The stock’s fifty day moving average price is $9.92 and its two-hundred day moving average price is $8.62. Lionsgate Studios has a 52-week low of $5.55 and a 52-week high of $12.58.

Lionsgate Studios (NYSE:LION) last released its earnings results on Thursday, February 5th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $724.30 million during the quarter, compared to the consensus estimate of $706.03 million. On average, equities analysts predict that Lionsgate Studios will post -0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Lionsgate Studios

Several hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its holdings in Lionsgate Studios by 4,852.0% during the second quarter. Osaic Holdings Inc. now owns 4,952 shares of the company’s stock worth $29,000 after buying an additional 4,852 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Lionsgate Studios by 99.3% in the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company’s stock valued at $32,000 after acquiring an additional 1,773 shares during the period. CIBC Private Wealth Group LLC bought a new position in Lionsgate Studios during the 3rd quarter worth approximately $38,000. Caitong International Asset Management Co. Ltd bought a new position in Lionsgate Studios during the 4th quarter worth approximately $44,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Lionsgate Studios during the fourth quarter valued at approximately $55,000.

Key Lionsgate Studios News

Here are the key news stories impacting Lionsgate Studios this week:

• Positive Sentiment: The new film “Michael” posted a record-breaking opening north of $200M, driving stronger theatrical revenue and merchandising potential for Lionsgate. Michael Moonwalks to Record-Breaking $200M+ Box Office Opening
• Positive Sentiment: Benchmark raised its price target on LION from $12 to $15 and put a Buy rating on the stock, giving formal analyst support for more upside. Benzinga
• Positive Sentiment: Coverage and headlines tie the box-office beat to immediate share gains and an analyst hike (reports show LION jumped ~7% in response), reinforcing momentum-driven buying. Lionsgate (LION) Jumps 7% as Film Breaks Box Office Record, Analyst Hikes PT
• Positive Sentiment: Company commentary signals sequel potential and continued franchise investment (planning for Michael 2 and positive updates on John Wick 5), which supports longer-term content pipeline value. How Michael 2 Can Happen Revealed by Lionsgate Boss
• Positive Sentiment: Lionsgate CEO remarks include encouraging updates for John Wick 5, which adds another high-value franchise to the content pipeline. Latest John Wick 5 Update From Lionsgate Boss Is Good News
• Neutral Sentiment: Several outlets reported pre-market and intraday share surges tied to the above developments; these are market reactions rather than new fundamentals. Lionsgate Studio surges over 9% in Monday pre-market
• Neutral Sentiment: Lionsgate was also mentioned on a list of high-performing stocks — useful for sentiment but less direct on company fundamentals. 10 Stocks Racking Up Monster Gains

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.