Analysts Set Live Nation Entertainment, Inc. (NYSE:LYV) PT at $151.47

Live Nation Entertainment, Inc. (NYSE:LYV) has earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $156.00.

Several equities analysts have weighed in on the company. Bank of America lifted their price objective on Live Nation Entertainment from $149.00 to $175.00 and gave the company a “buy” rating in a report on Monday. Roth Mkm lifted their price objective on Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. StockNews.com raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Benchmark reissued a “buy” rating and set a $160.00 price target on shares of Live Nation Entertainment in a report on Thursday, February 20th.

Institutional Investors Weigh In On Live Nation Entertainment

A number of institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its position in shares of Live Nation Entertainment by 17.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 493 shares of the company’s stock valued at $65,000 after buying an additional 75 shares during the last quarter. SOA Wealth Advisors LLC. boosted its position in shares of Live Nation Entertainment by 19.0% during the 4th quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock valued at $65,000 after purchasing an additional 80 shares in the last quarter. Western Pacific Wealth Management LP boosted its position in shares of Live Nation Entertainment by 10.4% during the 4th quarter. Western Pacific Wealth Management LP now owns 867 shares of the company’s stock valued at $112,000 after purchasing an additional 82 shares in the last quarter. Cromwell Holdings LLC boosted its position in shares of Live Nation Entertainment by 25.7% during the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock valued at $47,000 after purchasing an additional 88 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of Live Nation Entertainment by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock valued at $352,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Performance

NYSE LYV opened at $154.59 on Thursday. Live Nation Entertainment has a 12-month low of $86.81 and a 12-month high of $157.75. The firm has a 50-day moving average price of $139.57 and a two-hundred day moving average price of $123.19. The company has a market capitalization of $35.92 billion, a P/E ratio of 56.84, a P/E/G ratio of 1.81 and a beta of 1.38. 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 (NYSE:LYV) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. Analysts anticipate that Live Nation Entertainment will post 2.38 earnings per share for the current year.

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.