Equities researchers at JPMorgan Chase & Co. began coverage on shares of Lionsgate Studios (NYSE:LION – Get Free Report) in a research report issued on Friday, Briefing.com reports. The firm set an “underweight” rating and a $9.00 price target on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 18.03% from the company’s previous close.
Other analysts have also issued research reports about the stock. B. Riley Financial cut their target price on shares of Lionsgate Studios from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Benchmark increased their price target on Lionsgate Studios from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Morgan Stanley reissued an “overweight” rating and set a $15.00 price objective on shares of Lionsgate Studios in a report on Thursday, August 6th. Citigroup began coverage on Lionsgate Studios in a research report on Monday, September 14th. They set a “market outperform” rating on the stock. Finally, Robert W. Baird increased their target price on Lionsgate Studios from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.16.
Read Our Latest Research Report on Lionsgate Studios
Lionsgate Studios Trading Down 1.5%
Lionsgate Studios (NYSE:LION – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. The firm had revenue of $776.60 million for the quarter, compared to the consensus estimate of $703.10 million. On average, research analysts anticipate that Lionsgate Studios will post 0.04 EPS for the current fiscal year.
Hedge Funds Weigh In On Lionsgate Studios
Large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Lionsgate Studios in the 2nd quarter worth $251,521,000. Wellington Management Group LLP purchased a new position in Lionsgate Studios during the second quarter worth about $113,683,000. Jefferies Financial Group Inc. purchased a new position in Lionsgate Studios during the second quarter worth about $88,896,000. Coastal Bridge Advisors LLC bought a new stake in Lionsgate Studios in the 2nd quarter worth about $83,144,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in Lionsgate Studios in the 4th quarter worth about $51,119,000.
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.
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