Lionsgate Studios (NYSE:LION) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Lionsgate Studios (NYSE:LION) from a hold rating to a buy rating in a research report released on Saturday,Wall Street Zen reports.

A number of other research firms have also commented on LION. Zacks Research lowered Lionsgate Studios from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Seaport Research Partners reissued a “buy” rating and set a $17.00 target price on shares of Lionsgate Studios in a research report on Friday, August 7th. Robert W. Baird raised their price target on shares of Lionsgate Studios from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $15.00 price target on shares of Lionsgate Studios in a research report on Thursday, August 6th. Finally, Citizens Jmp assumed coverage on Lionsgate Studios in a research report on Monday, September 14th. They set a “market outperform” rating and a $18.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lionsgate Studios presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.84.

Lionsgate Studios Stock Down 5.6%

Shares of LION opened at $10.70 on Friday. Lionsgate Studios has a 12-month low of $5.88 and a 12-month high of $16.70. The business has a 50-day simple moving average of $12.21 and a two-hundred day simple moving average of $12.26. The stock has a market cap of $3.18 billion, a PE ratio of -25.48 and a beta of 0.66.

Lionsgate Studios (NYSE:LION) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. The business had revenue of $776.60 million for the quarter, compared to analyst estimates of $703.10 million. On average, equities research analysts expect that Lionsgate Studios will post 0.04 EPS for the current year.

Institutional Trading of Lionsgate Studios

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nykredit A S purchased a new position in Lionsgate Studios during the second quarter worth about $49,000. Integrated Wealth Concepts LLC bought a new stake in Lionsgate Studios in the 2nd quarter worth about $118,000. Amundi purchased a new stake in Lionsgate Studios in the 2nd quarter valued at about $169,000. Lido Advisors LLC purchased a new stake in Lionsgate Studios in the 1st quarter valued at about $112,000. Finally, Hsbc Holdings PLC bought a new position in shares of Lionsgate Studios during the 2nd quarter worth approximately $180,000.

Lionsgate Studios Company Profile

Lionsgate Studios Corp. (NYSE:LION) is an entertainment company focused on the development, production and distribution of motion pictures and television programming. Its studio operations include theatrical films, television series, home entertainment and digital distribution, as well as the licensing and monetization of a broad content library.

The company owns or distributes well-known film franchises such as The Hunger Games, John Wick, Saw, Twilight and Now You See Me.