Brokerages Set Live Nation Entertainment, Inc. (NYSE:LYV) Target Price at $145.40

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) have received an average recommendation of “Moderate Buy” from the seventeen analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $145.40.

A number of equities analysts have recently issued reports on the stock. Guggenheim upped their target price on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upped their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Roth Mkm lifted 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. Oppenheimer upped their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Macquarie lifted their price objective on Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th.

Live Nation Entertainment Trading Up 0.2 %

LYV stock opened at $129.49 on Wednesday. The business has a fifty day moving average price of $131.20 and a 200 day moving average price of $110.58. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment has a fifty-two week low of $86.67 and a fifty-two week high of $141.18. The stock has a market capitalization of $30.09 billion, a price-to-earnings ratio of 137.76, a P/E/G ratio of 3.68 and a beta of 1.37.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The company had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period last year, the company posted $1.78 earnings per share. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. Analysts expect that Live Nation Entertainment will post 1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Select Equity Group L.P. boosted its holdings in shares of Live Nation Entertainment by 12.3% in the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company’s stock valued at $1,213,053,000 after buying an additional 1,415,173 shares during the period. Canada Pension Plan Investment Board boosted its position in Live Nation Entertainment by 1.8% during the second quarter. Canada Pension Plan Investment Board now owns 8,722,620 shares of the company’s stock worth $817,658,000 after purchasing an additional 155,920 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Live Nation Entertainment by 1.2% in the third quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company’s stock valued at $787,950,000 after purchasing an additional 87,032 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Live Nation Entertainment by 9.4% in the third quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company’s stock valued at $410,664,000 after purchasing an additional 321,832 shares during the period. Finally, D1 Capital Partners L.P. boosted its holdings in shares of Live Nation Entertainment by 44.6% during the 2nd quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company’s stock worth $332,171,000 after buying an additional 1,093,000 shares during the period. 74.52% of the stock is currently owned by institutional investors.

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.