Live Nation Entertainment, Inc. (NYSE:LYV) Given Average Rating of “Moderate Buy” by Brokerages

Live Nation Entertainment, Inc. (NYSE:LYV) has been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $174.6842.

Several analysts have issued reports on LYV shares. Rothschild Redb cut Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Live Nation Entertainment in a research note on Monday. Oppenheimer lifted their price objective on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. decreased their price objective on shares of Live Nation Entertainment from $180.00 to $172.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Live Nation Entertainment from $175.00 to $173.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd.

Live Nation Entertainment Stock Performance

NYSE LYV opened at $130.45 on Friday. The firm’s fifty day moving average price is $151.72 and its two-hundred day moving average price is $151.14. Live Nation Entertainment has a 1 year low of $112.88 and a 1 year high of $175.25. The firm has a market capitalization of $30.62 billion, a P/E ratio of 56.47, a price-to-earnings-growth ratio of 12.85 and a beta of 1.37. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.81). Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.87 billion. During the same period in the previous year, the company posted $1.66 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, research analysts anticipate that Live Nation Entertainment will post 2.38 EPS for the current year.

Hedge Funds Weigh In On Live Nation Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in LYV. Clearstead Trust LLC lifted its holdings in Live Nation Entertainment by 469.0% during the 2nd quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock worth $25,000 after purchasing an additional 136 shares during the last quarter. Ameriflex Group Inc. grew its holdings in Live Nation Entertainment by 102.4% during the 3rd quarter. Ameriflex Group Inc. now owns 166 shares of the company’s stock worth $27,000 after acquiring an additional 84 shares during the last quarter. Atwood & Palmer Inc. acquired a new stake in Live Nation Entertainment in the third quarter valued at $33,000. Heartwood Wealth Advisors LLC acquired a new stake in Live Nation Entertainment during the 3rd quarter valued at approximately $34,000. Finally, Measured Risk Portfolios Inc. bought a new stake in Live Nation Entertainment during the third quarter valued at $37,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

About Live Nation Entertainment

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.