Live Nation Entertainment (NYSE:LYV) Stock Rating Reaffirmed by TD Cowen

Live Nation Entertainment (NYSE:LYV)‘s stock had its “buy” rating reaffirmed by equities research analysts at TD Cowen in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $108.00 price target on the stock. TD Cowen’s price objective indicates a potential upside of 17.62% from the company’s current price.

A number of other equities analysts have also recently weighed in on LYV. Rosenblatt Securities reduced their price target on Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Roth Capital raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. Morgan Stanley increased their price objective on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Roth Mkm raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $92.00 to $114.00 in a research note on Friday, January 12th. Finally, Oppenheimer lifted their price objective on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and an average price target of $115.70.

Live Nation Entertainment Trading Down 0.4 %

Shares of NYSE:LYV opened at $91.82 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 9.30. Live Nation Entertainment has a 12-month low of $64.96 and a 12-month high of $107.24. The business has a 50 day moving average of $98.97 and a two-hundred day moving average of $91.36. The company has a market capitalization of $21.19 billion, a PE ratio of 69.04 and a beta of 1.30.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.09). The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. As a group, analysts forecast that Live Nation Entertainment will post 1.63 EPS for the current year.

Insider Activity at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $100.50, for a total transaction of $100,600.50. Following the transaction, the director now directly owns 59,374 shares of the company’s stock, valued at $5,967,087. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Live Nation Entertainment

Large investors have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Live Nation Entertainment by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,075 shares of the company’s stock valued at $2,126,000 after buying an additional 1,120 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Live Nation Entertainment by 4.3% during the 1st quarter. Raymond James Trust N.A. now owns 3,139 shares of the company’s stock worth $369,000 after purchasing an additional 130 shares during the period. Cibc World Market Inc. acquired a new stake in Live Nation Entertainment in the 1st quarter valued at approximately $421,000. Vontobel Holding Ltd. raised its position in Live Nation Entertainment by 31.0% in the first quarter. Vontobel Holding Ltd. now owns 2,362 shares of the company’s stock valued at $279,000 after purchasing an additional 559 shares during the period. Finally, Prudential PLC acquired a new position in Live Nation Entertainment during the first quarter worth $294,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

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.