Lionsgate Studios (NYSE:LION) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Lionsgate Studios (NYSE:LION) had its target price hoisted by Robert W. Baird from $12.00 to $14.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 31.46% from the stock’s current price.

LION has been the subject of a number of other research reports. Wells Fargo & Company lifted their price target on Lionsgate Studios from $9.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Citigroup lifted their price target on Lionsgate Studios from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Morgan Stanley reiterated an “overweight” rating and set a $11.00 price target on shares of Lionsgate Studios in a report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lionsgate Studios in a report on Thursday, January 22nd. Finally, Benchmark raised their price target on Lionsgate Studios from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Lionsgate Studios currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.65.

Lionsgate Studios Price Performance

NYSE:LION opened at $10.65 on Thursday. Lionsgate Studios has a fifty-two week low of $5.55 and a fifty-two week high of $11.40. The stock has a market capitalization of $3.09 billion, a PE ratio of -12.53 and a beta of -0.48. The business’s 50-day simple moving average is $9.44 and its 200-day simple moving average is $8.31.

Lionsgate Studios (NYSE:LION) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The company had revenue of $724.30 million during the quarter, compared to analyst estimates of $706.03 million. On average, research analysts expect that Lionsgate Studios will post 0.08 earnings per share for the current year.

Institutional Trading of Lionsgate Studios

Several large investors have recently modified their holdings of LION. Millennium Management LLC grew its holdings in shares of Lionsgate Studios by 72.6% during the 1st quarter. Millennium Management LLC now owns 1,991,515 shares of the company’s stock worth $14,877,000 after purchasing an additional 837,774 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Lionsgate Studios by 198.5% during 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 bought a new stake in shares of Lionsgate Studios during the 1st quarter worth approximately $825,000. Envestnet Asset Management Inc. acquired a new position in shares of Lionsgate Studios during the 2nd quarter worth $77,000. Finally, Creative Planning bought a new stake in shares of Lionsgate Studios during the 2nd quarter worth $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.