Live Nation Entertainment, Inc. (NYSE:LYV)‘s stock had its “buy” rating reaffirmed by investment analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Friday.

LYV has been the topic of several other research reports. Zacks Investment Research raised Live Nation Entertainment from a “hold” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, May 9th. BidaskClub cut Live Nation Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $33.00 target price on shares of Live Nation Entertainment in a research report on Monday, April 24th. Macquarie reaffirmed an “outperform” rating and set a $38.00 target price on shares of Live Nation Entertainment in a research report on Sunday, May 14th. Finally, William Blair initiated coverage on Live Nation Entertainment in a research report on Friday, July 21st. They set an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Live Nation Entertainment presently has an average rating of “Buy” and an average target price of $38.75.

Shares of Live Nation Entertainment (NYSE LYV) opened at 39.61 on Friday. The company’s market cap is $8.10 billion. Live Nation Entertainment has a 52 week low of $25.56 and a 52 week high of $42.20. The stock’s 50 day moving average price is $36.02 and its 200-day moving average price is $32.48.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Wednesday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.10. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Live Nation Entertainment had a return on equity of 1.61% and a net margin of 0.25%. Live Nation Entertainment’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Analysts expect that Live Nation Entertainment will post $0.19 EPS for the current year.

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In other Live Nation Entertainment news, CFO Elizabeth Kathleen Willard sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $34.86, for a total value of $697,200.00. Following the transaction, the chief financial officer now owns 286,216 shares of the company’s stock, valued at $9,977,489.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Ted Enloe III sold 6,337 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $35.82, for a total value of $226,991.34. Following the completion of the transaction, the director now directly owns 23,450 shares in the company, valued at approximately $839,979. The disclosure for this sale can be found here. 4.77% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of LYV. Canada Pension Plan Investment Board boosted its position in Live Nation Entertainment by 118.3% in the first quarter. Canada Pension Plan Investment Board now owns 50,000 shares of the company’s stock valued at $1,519,000 after buying an additional 27,100 shares in the last quarter. BB&T Corp boosted its position in Live Nation Entertainment by 4.2% in the first quarter. BB&T Corp now owns 169,258 shares of the company’s stock valued at $5,141,000 after buying an additional 6,882 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Live Nation Entertainment by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 46,241 shares of the company’s stock valued at $1,404,000 after buying an additional 600 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Live Nation Entertainment by 122.2% in the first quarter. Russell Investments Group Ltd. now owns 85,064 shares of the company’s stock valued at $2,584,000 after buying an additional 46,787 shares in the last quarter. Finally, K.J. Harrison & Partners Inc boosted its position in Live Nation Entertainment by 225.0% in the first quarter. K.J. Harrison & Partners Inc now owns 130,000 shares of the company’s stock valued at $3,948,000 after buying an additional 90,000 shares in the last quarter. 64.45% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

Analyst Recommendations for Live Nation Entertainment (NYSE:LYV)

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