Morgan Stanley Forecasts Strong Price Appreciation for Live Nation Entertainment (NYSE:LYV) Stock

Live Nation Entertainment (NYSE:LYV) had its price target hoisted by investment analysts at Morgan Stanley from $150.00 to $170.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 10.69% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Benchmark boosted their price objective on Live Nation Entertainment from $144.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Bank of America boosted their price target on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Citigroup boosted their price target on Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Roth Mkm boosted their price target on Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.47.

Live Nation Entertainment Trading Down 0.7 %

NYSE:LYV opened at $153.59 on Tuesday. Live Nation Entertainment has a 12-month low of $86.81 and a 12-month high of $155.10. The firm has a market capitalization of $35.69 billion, a P/E ratio of 163.39, a P/E/G ratio of 1.78 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day simple moving average of $138.64 and a 200 day simple moving average of $121.66.

Institutional Investors Weigh In On Live Nation Entertainment

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

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.