Live Nation Entertainment (NYSE:LYV) Price Target Raised to $152.00

Live Nation Entertainment (NYSE:LYV) had its price objective upped by Roth Mkm from $132.00 to $152.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Oppenheimer upped their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Guggenheim increased their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. StockNews.com raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Macquarie increased their price objective on Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Finally, TD Cowen increased their price objective on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $144.33.

Live Nation Entertainment Trading Up 0.1 %

NYSE:LYV opened at $135.95 on Thursday. Live Nation Entertainment has a twelve month low of $86.67 and a twelve month high of $141.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The business has a 50 day moving average price of $125.79 and a two-hundred day moving average price of $106.43. The company has a market cap of $31.59 billion, a P/E ratio of 144.63, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm posted $1.78 EPS. The business’s revenue was down 6.2% on a year-over-year basis. As a group, analysts expect that Live Nation Entertainment will post 1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LYV. Select Equity Group L.P. increased its position in Live Nation Entertainment by 12.3% during the 2nd quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company’s stock worth $1,213,053,000 after buying an additional 1,415,173 shares during the period. D1 Capital Partners L.P. increased its position in Live Nation Entertainment by 44.6% during the 2nd quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company’s stock worth $332,171,000 after buying an additional 1,093,000 shares during the period. ValueAct Holdings L.P. bought a new position in Live Nation Entertainment during the 3rd quarter worth $111,094,000. PointState Capital LP bought a new position in Live Nation Entertainment during the 3rd quarter worth $102,762,000. Finally, Vulcan Value Partners LLC increased its position in shares of Live Nation Entertainment by 46.5% in the second quarter. Vulcan Value Partners LLC now owns 2,694,463 shares of the company’s stock worth $252,663,000 after purchasing an additional 855,197 shares during the period. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Company Profile

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.