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

by · The Markets Daily

Live Nation Entertainment, Inc. (NYSE:LYV – Get Free Report) has received an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $145.40.

LYV has been the topic of several recent research reports. Evercore ISI raised their price target on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group increased their price target on Live Nation Entertainment from $132.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Roth Mkm lifted their price objective on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Citigroup raised their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th.

View Our Latest Research Report on LYV

Live Nation Entertainment Trading Up 0.2 %

NYSE LYV opened at $129.59 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment has a 52 week low of $86.67 and a 52 week high of $141.18. The business has a 50 day moving average price of $131.63 and a 200-day moving average price of $111.36. The company has a market cap of $30.11 billion, a price-to-earnings ratio of 137.86, a P/E/G ratio of 3.68 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV – Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the previous year, the business posted $1.78 EPS. Live Nation Entertainment’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, equities analysts expect that Live Nation Entertainment will post 1.04 earnings per share for the current fiscal year.

Institutional Trading of Live Nation Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of LYV. Select Equity Group L.P. increased its holdings in shares of Live Nation Entertainment by 12.3% in the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company’s stock worth $1,213,053,000 after purchasing an additional 1,415,173 shares during the period. D1 Capital Partners L.P. increased its stake in Live Nation Entertainment by 44.6% in the 2nd quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company’s stock worth $332,171,000 after acquiring an additional 1,093,000 shares during the last quarter. ValueAct Holdings L.P. purchased a new stake in shares of Live Nation Entertainment in the 3rd quarter valued at about $111,094,000. PointState Capital LP bought a new stake in shares of Live Nation Entertainment during the 3rd quarter valued at about $102,762,000. Finally, Vulcan Value Partners LLC grew its holdings in shares of Live Nation Entertainment by 46.5% during the second quarter. Vulcan Value Partners LLC now owns 2,694,463 shares of the company’s stock worth $252,663,000 after purchasing an additional 855,197 shares in the last quarter. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Live Nation Entertainment Company Profile

(Get Free Report

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.

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