Brokerages Set Live Nation Entertainment, Inc. (NYSE:LYV) PT at $174.25

Live Nation Entertainment, Inc. (NYSE:LYV) has been given an average recommendation of “Moderate Buy” by the twenty-three ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $173.3333.

LYV has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Live Nation Entertainment in a research report on Monday, December 29th. The Goldman Sachs Group raised their price objective on Live Nation Entertainment from $160.00 to $165.00 and gave the stock a “sell” rating in a report on Friday, January 2nd. Roth Capital decreased their target price on Live Nation Entertainment from $180.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Live Nation Entertainment from $173.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Finally, Morgan Stanley decreased their price objective on shares of Live Nation Entertainment from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LYV. Seven Grand Managers LLC acquired a new position in shares of Live Nation Entertainment during the second quarter worth $22,692,000. Signaturefd LLC increased its stake in Live Nation Entertainment by 25.3% during the 2nd quarter. Signaturefd LLC now owns 1,342 shares of the company’s stock worth $203,000 after buying an additional 271 shares during the period. WT Wealth Management acquired a new position in Live Nation Entertainment in the 3rd quarter worth $1,753,000. L2 Asset Management LLC boosted its position in Live Nation Entertainment by 224.9% in the 2nd quarter. L2 Asset Management LLC now owns 20,549 shares of the company’s stock valued at $3,109,000 after buying an additional 14,224 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Live Nation Entertainment by 44.0% during the second quarter. Osaic Holdings Inc. now owns 23,966 shares of the company’s stock valued at $3,407,000 after acquiring an additional 7,322 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

LYV stock opened at $146.09 on Friday. The stock has a market capitalization of $34.29 billion, a price-to-earnings ratio of 105.86, a price-to-earnings-growth ratio of 9.52 and a beta of 1.20. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 5.41. Live Nation Entertainment has a 52-week low of $112.88 and a 52-week high of $175.25. The stock’s fifty day simple moving average is $139.02 and its 200-day simple moving average is $150.51.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.81). The business had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.87 billion. Live Nation Entertainment had a return on equity of 97.90% and a net margin of 3.66%.The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 earnings per share. Equities research analysts expect that Live Nation Entertainment will post 2.38 EPS for the current year.

About Live Nation Entertainment

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.