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

Live Nation Entertainment, Inc. (NYSE:LYV) has been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $154.27.

A number of research firms have recently weighed in on LYV. JPMorgan Chase & Co. boosted their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Benchmark reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Live Nation Entertainment in a research note on Thursday. StockNews.com raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley raised their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th.

Institutional Investors Weigh In On Live Nation Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LYV. Creative Planning raised its stake in shares of Live Nation Entertainment by 3.2% during the third quarter. Creative Planning now owns 29,405 shares of the company’s stock valued at $3,220,000 after acquiring an additional 904 shares in the last quarter. Blue Trust Inc. increased its holdings in Live Nation Entertainment by 385.3% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $58,000 after purchasing an additional 420 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Live Nation Entertainment by 17.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,882 shares of the company’s stock worth $316,000 after purchasing an additional 434 shares during the period. Private Advisor Group LLC raised its position in 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. Finally, Hartford Investment Management Co. lifted its holdings in shares of Live Nation Entertainment by 8.0% in the 3rd quarter. Hartford Investment Management Co. now owns 9,880 shares of the company’s stock worth $1,082,000 after buying an additional 730 shares during the period. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of Live Nation Entertainment stock opened at $149.37 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment has a 12 month low of $86.81 and a 12 month high of $157.75. The stock has a 50 day moving average of $139.23 and a 200 day moving average of $122.52. The firm has a market cap of $34.71 billion, a PE ratio of 54.92, a PEG ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.93) by $1.49. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. On average, research analysts expect that Live Nation Entertainment will post 2.38 EPS for the current fiscal year.

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.