Live Nation Entertainment (NYSE:LYV) Stock Price Expected to Rise, Roth Mkm Analyst Says

Live Nation Entertainment (NYSE:LYV) had its price target hoisted by investment analysts at Roth Mkm from $132.00 to $152.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price objective would suggest a potential upside of 11.81% from the stock’s previous close.

A number of other research firms have also issued reports on LYV. TD Cowen upped their target price on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. increased their price objective on Live Nation Entertainment from $118.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Bank of America upped their target price on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a report on Thursday, November 14th. StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $123.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, August 15th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.33.

Live Nation Entertainment Stock Up 0.1 %

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 cap of $31.59 billion, a price-to-earnings ratio of 144.63, a PEG 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 business’s fifty day moving average is $125.79 and its two-hundred day moving average is $106.35.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. The business had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 EPS. Analysts anticipate that Live Nation Entertainment will post 1.04 EPS for the current fiscal year.

Institutional Trading of Live Nation Entertainment

Large investors have recently added to or reduced their stakes in the stock. Cetera Advisors LLC acquired a new stake in Live Nation Entertainment during the 1st quarter valued at $207,000. CWM LLC grew its stake in shares of Live Nation Entertainment by 8.4% during the second quarter. CWM LLC now owns 2,389 shares of the company’s stock valued at $224,000 after acquiring an additional 186 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Live Nation Entertainment during the second quarter worth about $226,000. Wealth Enhancement Advisory Services LLC lifted its stake 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 worth $291,000 after acquiring an additional 138 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its holdings in Live Nation Entertainment by 5.4% in the second quarter. Baker Tilly Wealth Management LLC now owns 2,527 shares of the company’s stock valued at $237,000 after purchasing an additional 130 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Company Profile

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.