Live Nation Entertainment, Inc. (NYSE:LYV) Receives $145.40 Consensus Target Price from Analysts

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) have earned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $145.40.

A number of research firms have recently weighed in on LYV. The Goldman Sachs Group raised their price target on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Roth Mkm upped their price target on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Citigroup raised their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Bank of America increased their target price on Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a research report on Thursday, November 14th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Everence Capital Management Inc. bought a new stake in Live Nation Entertainment in the fourth quarter worth approximately $496,000. GAMMA Investing LLC increased its stake in shares of Live Nation Entertainment by 27.3% in the 4th quarter. GAMMA Investing LLC now owns 3,143 shares of the company’s stock valued at $407,000 after acquiring an additional 674 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Live Nation Entertainment by 8.6% during the 3rd quarter. Retirement Systems of Alabama now owns 34,119 shares of the company’s stock valued at $3,736,000 after acquiring an additional 2,697 shares during the period. Tidal Investments LLC boosted its stake in Live Nation Entertainment by 10.7% during the third quarter. Tidal Investments LLC now owns 24,668 shares of the company’s stock worth $2,701,000 after acquiring an additional 2,386 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Live Nation Entertainment in the third quarter worth $499,000. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Trading Up 0.2 %

LYV opened at $129.59 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment has a twelve month low of $86.67 and a twelve month high of $141.18. The stock has a market capitalization of $30.11 billion, a price-to-earnings ratio of 137.86, a P/E/G ratio of 3.68 and a beta of 1.38. The company has a 50-day simple moving average of $131.63 and a 200 day simple moving average of $111.36.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business had revenue of $7.65 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same period last year, the firm posted $1.78 earnings per share. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. Analysts predict that Live Nation Entertainment will post 1.04 EPS for the current fiscal year.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.