Benchmark Reiterates Buy Rating for Live Nation Entertainment (NYSE:LYV)

Benchmark reissued their buy rating on shares of Live Nation Entertainment (NYSE:LYV) in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a $160.00 price target on the stock.

A number of other research firms also recently issued reports on LYV. The Goldman Sachs Group increased their target price on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley increased their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Roth Mkm boosted their target price on Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price target on Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Evercore ISI boosted their price target on Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Live Nation Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $154.27.

Live Nation Entertainment Stock Down 1.9 %

NYSE:LYV opened at $149.37 on Thursday. The business’s fifty day moving average price is $139.23 and its 200 day moving average price is $122.52. The firm has a market capitalization of $34.71 billion, a price-to-earnings ratio of 54.92, a PEG ratio of 1.81 and a beta of 1.38. 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 1-year low of $86.81 and a 1-year high of $157.75.

Live Nation Entertainment (NYSE:LYV) last issued 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 company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. On average, sell-side analysts forecast that Live Nation Entertainment will post 2.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LYV. Measured Risk Portfolios Inc. acquired a new stake in shares of Live Nation Entertainment in the fourth quarter valued at about $29,000. Brooklyn Investment Group bought a new position in Live Nation Entertainment in the 3rd quarter worth approximately $31,000. World Investment Advisors LLC acquired a new position in shares of Live Nation Entertainment during the third quarter worth approximately $38,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Live Nation Entertainment in the fourth quarter valued at approximately $40,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment in the third quarter worth $41,000. Institutional investors 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.