Live Nation Entertainment (NYSE:LYV) Stock Rating Upgraded by Redburn Atlantic

Live Nation Entertainment (NYSE:LYV) was upgraded by analysts at Redburn Atlantic from a “neutral” rating to a “buy” rating in a research report issued on Thursday, FinViz reports. The firm currently has a $115.00 price objective on the stock, up from their prior price objective of $114.00. Redburn Atlantic’s price target indicates a potential upside of 20.04% from the company’s current price.

Several other research analysts have also commented on LYV. Roth Capital raised Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Oppenheimer boosted their price target on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Rosenblatt Securities increased their price objective on shares of Live Nation Entertainment from $119.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Live Nation Entertainment from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Morgan Stanley raised their price target 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. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

Live Nation Entertainment Stock Down 0.6 %

LYV opened at $95.80 on Thursday. Live Nation Entertainment has a 12 month low of $76.48 and a 12 month high of $107.24. The business has a 50-day moving average of $98.76 and a two-hundred day moving average of $92.04. The company has a debt-to-equity ratio of 10.83, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $22.17 billion, a price-to-earnings ratio of 91.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.32). The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Live Nation Entertainment had a net margin of 2.22% and a return on equity of 90.67%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.25) earnings per share. On average, research analysts expect that Live Nation Entertainment will post 1.63 earnings per share for the current year.

Insider Buying and Selling at Live Nation Entertainment

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

Institutional Trading of Live Nation Entertainment

Several institutional investors have recently modified their holdings of the company. Czech National Bank grew its position in Live Nation Entertainment by 0.5% in the first quarter. Czech National Bank now owns 24,965 shares of the company’s stock worth $2,641,000 after buying an additional 115 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Live Nation Entertainment by 0.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 27,819 shares of the company’s stock valued at $2,324,000 after purchasing an additional 117 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Live Nation Entertainment by 44.1% in the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock valued at $41,000 after purchasing an additional 119 shares during the period. Hohimer Wealth Management LLC raised its holdings in Live Nation Entertainment by 1.1% during the 3rd quarter. Hohimer Wealth Management LLC now owns 11,512 shares of the company’s stock worth $956,000 after buying an additional 123 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Live Nation Entertainment by 1.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,252 shares of the company’s stock valued at $1,100,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

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.