Live Nation Entertainment, Inc. (NYSE:LYV) Given Average Rating of “Moderate Buy” by Analysts

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) have been assigned an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $145.40.

A number of research firms have weighed in on LYV. Bank of America upped their price target on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Guggenheim raised their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. TD Cowen lifted their price target on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. StockNews.com raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Macquarie increased their price target on Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a report on Friday, November 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LYV. Everence Capital Management Inc. bought a new stake in Live Nation Entertainment in the fourth quarter valued at $496,000. GAMMA Investing LLC boosted its stake in Live Nation Entertainment by 27.3% during the 4th quarter. GAMMA Investing LLC now owns 3,143 shares of the company’s stock valued at $407,000 after purchasing an additional 674 shares during the period. Retirement Systems of Alabama grew its position in Live Nation Entertainment by 8.6% in the 3rd quarter. Retirement Systems of Alabama now owns 34,119 shares of the company’s stock worth $3,736,000 after purchasing an additional 2,697 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Live Nation Entertainment by 10.7% during the third quarter. Tidal Investments LLC now owns 24,668 shares of the company’s stock valued at $2,701,000 after buying an additional 2,386 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Live Nation Entertainment during the third quarter worth approximately $499,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Trading Up 0.2 %

Shares of LYV stock opened at $129.49 on Wednesday. Live Nation Entertainment has a fifty-two week low of $86.67 and a fifty-two week high of $141.18. The firm’s 50 day moving average price is $131.20 and its two-hundred day moving average price is $110.84. The stock has a market cap of $30.09 billion, a price-to-earnings ratio of 137.76, a price-to-earnings-growth ratio of 3.68 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the prior year, the firm earned $1.78 EPS. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, analysts anticipate that Live Nation Entertainment will post 1.04 EPS for the current 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.