Live Nation Entertainment, Inc. (NYSE:LYV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Live Nation Entertainment, Inc. (NYSE:LYV) has received a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eighteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $174.25.

Several research firms recently weighed in on LYV. Citigroup dropped their price objective on shares of Live Nation Entertainment from $195.00 to $181.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Evercore ISI increased their price target on Live Nation Entertainment from $168.00 to $188.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 23rd. Roth Capital lowered their price objective on Live Nation Entertainment from $180.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Rothschild Redb cut Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Finally, Morgan Stanley lowered their price target on shares of Live Nation Entertainment from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th.

Institutional Trading of Live Nation Entertainment

Several large investors have recently added to or reduced their stakes in LYV. Fifth Third Wealth Advisors LLC grew its holdings in shares of Live Nation Entertainment by 2.5% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 2,828 shares of the company’s stock valued at $428,000 after purchasing an additional 69 shares during the last quarter. Vident Advisory LLC boosted its position in Live Nation Entertainment by 2.1% in the second quarter. Vident Advisory LLC now owns 3,622 shares of the company’s stock valued at $548,000 after buying an additional 75 shares in the last quarter. Prairie Wealth Advisors Inc. grew its stake in shares of Live Nation Entertainment by 5.0% during the third quarter. Prairie Wealth Advisors Inc. now owns 1,665 shares of the company’s stock worth $272,000 after buying an additional 80 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Live Nation Entertainment by 24.4% during the third quarter. Private Trust Co. NA now owns 418 shares of the company’s stock worth $68,000 after buying an additional 82 shares in the last quarter. Finally, Ameriflex Group Inc. boosted its holdings in shares of Live Nation Entertainment by 102.4% during the 3rd quarter. Ameriflex Group Inc. now owns 166 shares of the company’s stock valued at $27,000 after acquiring an additional 84 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Performance

LYV stock opened at $146.03 on Friday. The stock’s 50 day simple moving average is $139.14 and its 200 day simple moving average is $150.49. Live Nation Entertainment has a 12-month low of $112.88 and a 12-month high of $175.25. The firm has a market cap of $34.28 billion, a P/E ratio of 105.82, a P/E/G ratio of 9.34 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 5.41.

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). Live Nation Entertainment had a net margin of 3.66% and a return on equity of 97.90%. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.87 billion. During the same quarter in the previous year, the firm earned $1.66 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts predict that Live Nation Entertainment will post 2.38 EPS for the current year.

Live Nation Entertainment Company Profile

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.