Roth Mkm Increases Live Nation Entertainment (NYSE:LYV) Price Target to $152.00

Live Nation Entertainment (NYSE:LYV) had its price objective lifted by analysts at Roth Mkm from $132.00 to $152.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Mkm’s price target would indicate a potential upside of 11.81% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Citigroup raised their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Benchmark lifted their target price on Live Nation Entertainment from $132.00 to $144.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Oppenheimer increased their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Macquarie boosted their price objective on Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Finally, TD Cowen increased their target price on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $144.33.

Live Nation Entertainment Stock Up 0.1 %

NYSE:LYV opened at $135.95 on Thursday. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $31.59 billion, a price-to-earnings ratio of 144.63, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. Live Nation Entertainment has a one year low of $86.67 and a one year high of $141.18. The stock has a 50-day simple moving average of $125.79 and a 200 day simple moving average of $106.35.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. The company had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 EPS. Sell-side analysts predict that Live Nation Entertainment will post 1.04 EPS for the current fiscal year.

Institutional Trading of Live Nation Entertainment

A number of institutional investors have recently made changes to their positions in LYV. Cetera Advisors LLC acquired a new position in shares of Live Nation Entertainment during the first quarter valued at approximately $207,000. CWM LLC boosted its stake in Live Nation Entertainment by 8.4% during the 2nd quarter. CWM LLC now owns 2,389 shares of the company’s stock valued at $224,000 after purchasing an additional 186 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Live Nation Entertainment during the 2nd quarter valued at $226,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Live Nation Entertainment by 4.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,108 shares of the company’s stock valued at $291,000 after buying an additional 138 shares during the period. Finally, Baker Tilly Wealth Management LLC boosted its stake in Live Nation Entertainment by 5.4% during the second quarter. Baker Tilly Wealth Management LLC now owns 2,527 shares of the company’s stock valued at $237,000 after buying an additional 130 shares in the last quarter. 74.52% of the stock is owned by institutional investors and hedge funds.

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.