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

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) have been assigned a consensus rating of “Moderate Buy” from the twenty-two research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $172.55.

A number of equities research analysts have recently weighed in on LYV shares. Moffett Nathanson lowered their price target on Live Nation Entertainment from $185.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Susquehanna lifted their price objective on shares of Live Nation Entertainment from $174.00 to $175.00 and gave the stock a “positive” rating in a report on Monday, November 3rd. Morgan Stanley dropped their target price on shares of Live Nation Entertainment from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Live Nation Entertainment from $173.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Finally, Benchmark reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research report on Tuesday, November 4th.

Institutional Trading of Live Nation Entertainment

Several hedge funds have recently made changes to their positions in LYV. Fifth Third Wealth Advisors LLC grew its stake in Live Nation Entertainment by 2.5% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 2,828 shares of the company’s stock worth $428,000 after buying an additional 69 shares during the last quarter. Axxcess Wealth Management LLC grew its position in shares of Live Nation Entertainment by 4.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,602 shares of the company’s stock worth $228,000 after acquiring an additional 75 shares during the last quarter. Vident Advisory LLC grew its position in shares of Live Nation Entertainment by 2.1% during the second quarter. Vident Advisory LLC now owns 3,622 shares of the company’s stock worth $548,000 after acquiring an additional 75 shares during the last quarter. Prairie Wealth Advisors Inc. increased its holdings in shares of Live Nation Entertainment by 5.0% in the 3rd quarter. Prairie Wealth Advisors Inc. now owns 1,665 shares of the company’s stock worth $272,000 after acquiring an additional 80 shares during the period. Finally, Private Trust Co. NA lifted its position in Live Nation Entertainment by 24.4% in the 3rd quarter. Private Trust Co. NA now owns 418 shares of the company’s stock valued at $68,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock opened at $147.74 on Thursday. The company has a debt-to-equity ratio of 5.41, a quick ratio of 0.92 and a current ratio of 0.92. Live Nation Entertainment has a 1 year low of $112.88 and a 1 year high of $175.25. The firm’s 50-day simple moving average is $142.84 and its 200-day simple moving average is $149.89. The firm has a market cap of $34.68 billion, a PE ratio of 107.06, a price-to-earnings-growth ratio of 9.30 and a beta of 1.18.

Live Nation Entertainment Company Profile

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.