Live Nation Entertainment (NYSE:LYV) Price Target Raised to $174.00 at Roth Mkm

Live Nation Entertainment (NYSE:LYV) had its price target upped by Roth Mkm from $152.00 to $174.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also commented on the company. Rosenblatt Securities reissued a “buy” rating and issued a $146.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday. Oppenheimer boosted their target price on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Evercore ISI boosted their target price on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark reiterated a “buy” rating and issued a $160.00 price objective on shares of Live Nation Entertainment in a report on Thursday. Finally, Guggenheim boosted their target price on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.27.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock opened at $149.37 on Friday. 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 firm has a market cap of $34.71 billion, a P/E ratio of 158.91, a P/E/G ratio of 1.83 and a beta of 1.38. The business’s fifty day moving average is $139.23 and its two-hundred day moving average is $122.30. Live Nation Entertainment has a 52 week low of $86.81 and a 52 week high of $157.75.

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 company 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 77.62% and a net margin of 2.11%. Equities research analysts forecast that Live Nation Entertainment will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LYV. Measured Risk Portfolios Inc. acquired a new position in Live Nation Entertainment during the fourth quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in Live Nation Entertainment during the third quarter valued at approximately $31,000. World Investment Advisors LLC acquired a new position in Live Nation Entertainment during the third quarter valued at approximately $38,000. Murphy & Mullick Capital Management Corp acquired a new position in Live Nation Entertainment during the fourth quarter valued at approximately $40,000. Finally, Reston Wealth Management LLC bought a new stake in Live Nation Entertainment in the third quarter valued at approximately $41,000. 74.52% of the stock is owned by institutional investors and hedge funds.

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.