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

Live Nation Entertainment, Inc. (NYSE:LYV) has received a consensus rating of “Moderate Buy” from the twenty-two analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $173.00.

A number of research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Live Nation Entertainment in a report on Monday, December 8th. Benchmark reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research note on Tuesday, November 4th. Evercore ISI decreased their target price on Live Nation Entertainment from $180.00 to $168.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Rothschild Redb cut Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Guggenheim decreased their price objective on shares of Live Nation Entertainment from $175.00 to $172.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th.

Live Nation Entertainment Trading Down 2.4%

NYSE:LYV opened at $138.27 on Wednesday. The stock has a market capitalization of $32.46 billion, a price-to-earnings ratio of 100.19 and a beta of 1.22. Live Nation Entertainment has a 1 year low of $112.88 and a 1 year high of $175.25. The stock has a fifty day moving average price of $142.45 and a two-hundred day moving average price of $150.56. The company has a debt-to-equity ratio of 5.41, a quick ratio of 0.92 and a current ratio of 0.92.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly 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). The company had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.87 billion. Live Nation Entertainment had a net margin of 3.66% and a return on equity of 97.90%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. As a group, sell-side analysts anticipate that Live Nation Entertainment will post 2.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in Live Nation Entertainment by 22.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,725,776 shares of the company’s stock valued at $1,589,196,000 after buying an additional 1,763,511 shares during the last quarter. Norges Bank purchased a new stake in shares of Live Nation Entertainment in the second quarter valued at $198,336,000. Independent Franchise Partners LLP boosted its stake in shares of Live Nation Entertainment by 21.4% during the first quarter. Independent Franchise Partners LLP now owns 5,698,560 shares of the company’s stock valued at $744,118,000 after acquiring an additional 1,004,574 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Live Nation Entertainment during the 2nd quarter worth about $128,704,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Live Nation Entertainment by 83.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,588,983 shares of the company’s stock valued at $207,490,000 after purchasing an additional 723,112 shares during the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

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.