Live Nation Entertainment’s (LYV) “Overweight” Rating Reiterated at Morgan Stanley

Morgan Stanley reaffirmed their overweight rating on shares of Live Nation Entertainment (NYSE:LYVFree Report) in a research note published on Wednesday, Benzinga reports. The firm currently has a $120.00 price target on the stock.

A number of other brokerages also recently issued reports on LYV. Deutsche Bank Aktiengesellschaft increased their price target on shares of Live Nation Entertainment from $120.00 to $121.00 and gave the company a buy rating in a report on Monday, May 6th. Northcoast Research downgraded shares of Live Nation Entertainment from a buy rating to a neutral rating in a report on Tuesday, May 28th. Oppenheimer lowered their price objective on shares of Live Nation Entertainment from $120.00 to $110.00 and set an outperform rating on the stock in a research note on Friday, May 24th. Rosenblatt Securities increased their price objective on shares of Live Nation Entertainment from $119.00 to $122.00 and gave the company a buy rating in a research note on Friday, May 3rd. Finally, TD Cowen reissued a buy rating and issued a $108.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $115.58.

View Our Latest Stock Analysis on LYV

Live Nation Entertainment Stock Down 0.3 %

Shares of Live Nation Entertainment stock opened at $88.75 on Wednesday. The firm has a fifty day moving average of $94.52 and a two-hundred day moving average of $93.81. The company has a debt-to-equity ratio of 10.83, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $20.39 billion, a P/E ratio of 84.52, a PEG ratio of 1.83 and a beta of 1.35. Live Nation Entertainment has a one year low of $76.48 and a one year high of $107.24.

Live Nation Entertainment (NYSE:LYVGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.32). The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Live Nation Entertainment had a net margin of 2.22% and a return on equity of 90.67%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.25) EPS. On average, analysts forecast that Live Nation Entertainment will post 1.38 earnings per share for the current year.

Institutional Investors Weigh In On Live Nation Entertainment

Hedge funds have recently modified their holdings of the company. YHB Investment Advisors Inc. acquired a new stake in shares of Live Nation Entertainment in the first quarter worth approximately $32,000. Creative Financial Designs Inc. ADV boosted its position in shares of Live Nation Entertainment by 148.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Rise Advisors LLC boosted its position in shares of Live Nation Entertainment by 90.3% in the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after acquiring an additional 159 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Live Nation Entertainment by 44.1% in the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after acquiring an additional 119 shares during the last quarter. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of Live Nation Entertainment in the third quarter worth approximately $33,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Live Nation Entertainment (NYSE:LYV)

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