Analysts Set Live Nation Entertainment, Inc. (NYSE:LYV) PT at $174.25

Live Nation Entertainment, Inc. (NYSE:LYVGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $172.8571.

Several equities analysts recently commented on LYV shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Live Nation Entertainment from $173.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Benchmark restated a “buy” rating on shares of Live Nation Entertainment in a research report on Tuesday, November 4th. The Goldman Sachs Group increased their price objective on Live Nation Entertainment from $160.00 to $165.00 and gave the stock a “sell” rating in a research report on Friday, January 2nd. Jefferies Financial Group lowered Live Nation Entertainment from a “buy” rating to a “hold” rating and dropped their price objective for the company from $161.00 to $155.00 in a research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. decreased their target price on Live Nation Entertainment from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday.

Get Our Latest Research Report on LYV

Live Nation Entertainment Stock Performance

LYV traded down $0.99 during trading on Friday, hitting $144.74. 5,189,535 shares of the company traded hands, compared to its average volume of 2,074,600. The firm has a market cap of $33.98 billion, a P/E ratio of 104.88, a price-to-earnings-growth ratio of 9.33 and a beta of 1.20. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 5.41. Live Nation Entertainment has a one year low of $112.88 and a one year high of $175.25. The stock’s fifty day moving average is $139.49 and its 200 day moving average is $150.40.

Live Nation Entertainment (NYSE:LYVGet Free Report) last released its earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.81). Live Nation Entertainment had a net margin of 3.66% and a return on equity of 97.90%. The company had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.87 billion. During the same quarter in the previous year, the firm earned $1.66 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts predict that Live Nation Entertainment will post 2.38 EPS for the current fiscal year.

Live Nation Entertainment News Summary

Here are the key news stories impacting Live Nation Entertainment this week:

Hedge Funds Weigh In On Live Nation Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of LYV. Blue Trust Inc. raised its position in shares of Live Nation Entertainment by 62.6% during the 4th quarter. Blue Trust Inc. now owns 278 shares of the company’s stock valued at $40,000 after buying an additional 107 shares in the last quarter. Nilsine Partners LLC increased its stake in Live Nation Entertainment by 5.7% in the fourth quarter. Nilsine Partners LLC now owns 26,169 shares of the company’s stock valued at $3,729,000 after acquiring an additional 1,403 shares during the last quarter. BTC Capital Management Inc. lifted its stake in Live Nation Entertainment by 21.6% during the fourth quarter. BTC Capital Management Inc. now owns 6,661 shares of the company’s stock worth $949,000 after purchasing an additional 1,181 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Live Nation Entertainment by 8.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 18,858 shares of the company’s stock worth $2,687,000 after purchasing an additional 1,399 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Live Nation Entertainment by 14.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 607,164 shares of the company’s stock valued at $88,227,000 after purchasing an additional 78,171 shares during the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

About Live Nation Entertainment

(Get Free Report)

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.

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Analyst Recommendations for Live Nation Entertainment (NYSE:LYV)

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