Live Nation Entertainment (NYSE:LYV) Stock Rating Reaffirmed by TD Cowen

TD Cowen reissued their buy rating on shares of Live Nation Entertainment (NYSE:LYV) in a research note published on Tuesday morning, Benzinga reports. TD Cowen currently has a $108.00 price objective on the stock.

A number of other analysts also recently issued reports on LYV. Rosenblatt Securities lowered their price target on Live Nation Entertainment from $124.00 to $119.00 and set a buy rating for the company in a research report on Thursday, April 11th. Morgan Stanley raised their price target on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an overweight rating in a research report on Friday, February 23rd. Roth Capital upgraded Live Nation Entertainment from a neutral rating to a buy rating in a research report on Thursday, January 11th. JPMorgan Chase & Co. raised their price target on Live Nation Entertainment from $124.00 to $126.00 and gave the stock an overweight rating in a research report on Friday, February 23rd. Finally, Roth Mkm upgraded Live Nation Entertainment from a neutral rating to a buy rating and raised their price target for the stock from $92.00 to $114.00 in a research report on Friday, January 12th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $115.70.

Live Nation Entertainment Stock Down 2.4 %

NYSE LYV opened at $89.64 on Tuesday. The company has a debt-to-equity ratio of 9.30, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $20.69 billion, a P/E ratio of 67.40 and a beta of 1.30. Live Nation Entertainment has a one year low of $64.96 and a one year high of $107.24. The stock has a 50 day moving average price of $99.01 and a 200-day moving average price of $91.35.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. As a group, equities analysts predict that Live Nation Entertainment will post 1.63 EPS for the current fiscal year.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction on Friday, March 8th. The stock was sold at an average price of $100.50, for a total transaction of $100,600.50. Following the completion of the sale, the director now directly owns 59,374 shares in the company, valued at $5,967,087. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.85% of the company’s stock.

Institutional Trading of Live Nation Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in LYV. Czech National Bank increased its stake in shares of Live Nation Entertainment by 0.5% during the first quarter. Czech National Bank now owns 24,965 shares of the company’s stock valued at $2,641,000 after buying an additional 115 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Live Nation Entertainment by 0.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 27,819 shares of the company’s stock valued at $2,324,000 after buying an additional 117 shares during the period. Hohimer Wealth Management LLC increased its stake in shares of Live Nation Entertainment by 1.1% during the third quarter. Hohimer Wealth Management LLC now owns 11,512 shares of the company’s stock valued at $956,000 after buying an additional 123 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Live Nation Entertainment by 1.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,252 shares of the company’s stock valued at $1,100,000 after buying an additional 130 shares during the period. Finally, Raymond James Trust N.A. increased its stake in shares of Live Nation Entertainment by 4.3% during the first quarter. Raymond James Trust N.A. now owns 3,139 shares of the company’s stock valued at $369,000 after buying an additional 130 shares during the period. 74.52% of the stock is currently owned by institutional investors.

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.