Live Nation Entertainment (NYSE:LYV) Given New $160.00 Price Target at Deutsche Bank Aktiengesellschaft

Live Nation Entertainment (NYSE:LYV) had its price objective cut by equities research analysts at Deutsche Bank Aktiengesellschaft from $173.00 to $160.00 in a research note issued on Thursday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 22.65% from the stock’s current price.

LYV has been the topic of a number of other reports. Rothschild & Co Redburn cut Live Nation Entertainment from a “buy” rating to a “neutral” rating and upped their target price for the company from $144.00 to $170.00 in a report on Tuesday, September 16th. Benchmark restated a “buy” rating on shares of Live Nation Entertainment in a research note on Tuesday, November 4th. Susquehanna increased their target price on Live Nation Entertainment from $174.00 to $175.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. Oppenheimer raised their price objective on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Finally, Rothschild Redb lowered Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Eighteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Live Nation Entertainment Stock Up 1.1%

LYV stock opened at $130.45 on Thursday. Live Nation Entertainment has a 1-year low of $112.88 and a 1-year high of $175.25. The firm has a market capitalization of $30.62 billion, a PE ratio of 56.47, a PEG ratio of 12.85 and a beta of 1.37. The business’s 50 day simple moving average is $151.72 and its 200 day simple moving average is $151.14. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.81). Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.87 billion. During the same quarter in the previous year, the business posted $1.66 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, research analysts anticipate that Live Nation Entertainment will post 2.38 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Clearstead Trust LLC increased its holdings in Live Nation Entertainment by 469.0% in the 2nd quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock valued at $25,000 after acquiring an additional 136 shares during the last quarter. Ameriflex Group Inc. increased its stake in Live Nation Entertainment by 102.4% in the third quarter. Ameriflex Group Inc. now owns 166 shares of the company’s stock worth $27,000 after purchasing an additional 84 shares during the period. Atwood & Palmer Inc. bought a new stake in Live Nation Entertainment during the 3rd quarter valued at about $33,000. Heartwood Wealth Advisors LLC bought a new position in Live Nation Entertainment in the third quarter worth approximately $34,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of Live Nation Entertainment in the third quarter valued at about $37,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

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.