Live Nation Entertainment, Inc. (NYSE:LYV) Receives $116.40 Consensus Target Price from Analysts

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) have been assigned an average rating of “Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued a report on the stock in the last year is $116.40.

A number of analysts have recently weighed in on LYV shares. Oppenheimer upped their price target on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. Roth Capital raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Morgan Stanley upped their price target on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. upped their price target on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Finally, Rosenblatt Securities increased their target price on shares of Live Nation Entertainment from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, February 23rd.

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $104.20 on Monday. The company’s fifty day moving average price is $96.71 and its two-hundred day moving average price is $90.06. The firm has a market capitalization of $24.05 billion, a P/E ratio of 78.35 and a beta of 1.30. Live Nation Entertainment has a 12 month low of $64.96 and a 12 month high of $107.24. The company has a debt-to-equity ratio of 9.30, a current ratio of 0.96 and a quick ratio of 0.96.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, February 22nd. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. On average, research analysts anticipate that Live Nation Entertainment will post 1.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,001 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $100.50, for a total value of $100,600.50. Following the transaction, the director now owns 59,374 shares in the company, valued at approximately $5,967,087. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.85% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bank of Nova Scotia boosted its holdings in Live Nation Entertainment by 6.9% in the 3rd quarter. Bank of Nova Scotia now owns 560,768 shares of the company’s stock valued at $46,566,000 after purchasing an additional 36,298 shares during the period. Procyon Advisors LLC increased its position in Live Nation Entertainment by 170.9% in the 3rd quarter. Procyon Advisors LLC now owns 7,784 shares of the company’s stock valued at $646,000 after acquiring an additional 4,911 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in Live Nation Entertainment in the 4th quarter valued at about $1,151,000. Cary Street Partners Investment Advisory LLC increased its position in Live Nation Entertainment by 9,800.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock valued at $41,000 after acquiring an additional 490 shares in the last quarter. Finally, Deutsche Bank AG increased its position in Live Nation Entertainment by 5.1% in the 3rd quarter. Deutsche Bank AG now owns 593,720 shares of the company’s stock valued at $49,303,000 after acquiring an additional 28,620 shares in the last quarter. 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.