Live Nation Entertainment, Inc. (NYSE:LYV) Receives Consensus Rating of “Moderate Buy” from Analysts

Live Nation Entertainment, Inc. (NYSE:LYV) has been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $171.2105.

A number of equities analysts have commented on LYV shares. Oppenheimer boosted their target price on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Rothschild & Co Redburn downgraded shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $144.00 to $170.00 in a report on Tuesday, September 16th. Citigroup boosted their target price on shares of Live Nation Entertainment from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Rothschild Redb lowered shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Live Nation Entertainment in a research report on Wednesday, June 18th.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock opened at $156.76 on Friday. The company has a market capitalization of $36.76 billion, a PE ratio of 67.86, a P/E/G ratio of 10.80 and a beta of 1.40. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50-day simple moving average of $161.52 and a two-hundred day simple moving average of $146.28. Live Nation Entertainment has a one year low of $107.65 and a one year high of $175.25.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.93 billion. Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Research analysts expect that Live Nation Entertainment will post 2.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Live Nation Entertainment

Large investors have recently made changes to their positions in the stock. Clearstead Trust LLC grew its holdings in shares of Live Nation Entertainment by 469.0% during the second quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 136 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Live Nation Entertainment during the first quarter valued at $30,000. Chilton Capital Management LLC purchased a new stake in shares of Live Nation Entertainment during the first quarter valued at $33,000. GW&K Investment Management LLC boosted its position in Live Nation Entertainment by 690.2% in the first quarter. GW&K Investment Management LLC now owns 324 shares of the company’s stock valued at $42,000 after buying an additional 283 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in Live Nation Entertainment in the first quarter valued at approximately $42,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

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.