Live Nation Entertainment (NYSE:LYV) Given New $166.00 Price Target at The Goldman Sachs Group

Live Nation Entertainment (NYSE:LYV) had its price target upped by research analysts at The Goldman Sachs Group from $148.00 to $166.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 9.99% from the stock’s current price.

A number of other research firms have also weighed in on LYV. StockNews.com raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Bank of America upped their price target on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Benchmark increased their price target on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Citigroup boosted their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Live Nation Entertainment presently has an average rating of “Moderate Buy” and an average price target of $146.60.

Live Nation Entertainment Stock Up 0.8 %

Shares of NYSE LYV traded up $1.23 during mid-day trading on Thursday, hitting $150.92. 671,306 shares of the stock traded hands, compared to its average volume of 1,812,296. The stock has a fifty day moving average price of $136.76 and a 200-day moving average price of $119.57. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $35.07 billion, a price-to-earnings ratio of 160.55, a PEG ratio of 1.73 and a beta of 1.38. Live Nation Entertainment has a 52 week low of $86.81 and a 52 week high of $152.11.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $7.75 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. Live Nation Entertainment’s quarterly revenue was down 6.2% on a year-over-year basis. Research analysts anticipate that Live Nation Entertainment will post 0.99 EPS for the current year.

Institutional Investors Weigh In On Live Nation Entertainment

Several institutional investors have recently modified their holdings of LYV. Charles Schwab Investment Management Inc. boosted its stake in shares of Live Nation Entertainment by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 971,039 shares of the company’s stock worth $106,319,000 after purchasing an additional 107,844 shares during the period. Empowered Funds LLC boosted its position in shares of Live Nation Entertainment by 392.4% during the third quarter. Empowered Funds LLC now owns 17,336 shares of the company’s stock valued at $1,898,000 after buying an additional 13,815 shares during the period. Natixis Advisors LLC grew its stake in shares of Live Nation Entertainment by 12.0% during the third quarter. Natixis Advisors LLC now owns 66,481 shares of the company’s stock valued at $7,279,000 after buying an additional 7,136 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth approximately $441,000. Finally, Friedenthal Financial bought a new position in Live Nation Entertainment in the 4th quarter valued at $754,000. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Company Profile

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.