Brokerages Set Live Nation Entertainment, Inc. (NYSE:LYV) Price Target at $151.47

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) have received a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $156.00.

A number of research firms have recently issued reports on LYV. Benchmark reiterated a “buy” rating and issued a $160.00 price objective on shares of Live Nation Entertainment in a report on Thursday, February 20th. TD Cowen lifted their price target on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Roth Mkm increased their price objective on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Citigroup upped their target price on Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock opened at $154.59 on Thursday. The company has a market capitalization of $35.92 billion, a PE ratio of 56.84, a PEG ratio of 1.81 and a beta of 1.38. Live Nation Entertainment has a 12 month low of $86.81 and a 12 month high of $157.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock’s fifty day simple moving average is $139.57 and its 200 day simple moving average is $123.19.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of ($0.93) by $1.49. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. On average, research analysts predict that Live Nation Entertainment will post 2.38 EPS for the current year.

Institutional Investors Weigh In On Live Nation Entertainment

Large investors have recently added to or reduced their stakes in the business. Independent Franchise Partners LLP increased its holdings in shares of Live Nation Entertainment by 207.6% in the fourth quarter. Independent Franchise Partners LLP now owns 4,693,986 shares of the company’s stock valued at $607,871,000 after purchasing an additional 3,168,210 shares during the last quarter. Groupama Asset Managment bought a new stake in shares of Live Nation Entertainment during the 4th quarter worth about $259,000,000. Norges Bank bought a new stake in shares of Live Nation Entertainment during the 4th quarter worth about $255,955,000. ValueAct Holdings L.P. bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth about $111,094,000. Finally, PointState Capital LP bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth about $102,762,000. Institutional investors own 74.52% of the company’s stock.

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.