Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Live Nation Entertainment (NYSE:LYV) Stock Price

Key Points

• Deutsche Bank has lowered its target price for Live Nation Entertainment's stock from $175.00 to $173.00, while maintaining a "buy" rating, indicating a potential upside of 10.94%.
• Recent earnings results showed Live Nation missed analysts' estimates, reporting $0.41 earnings per share versus an expected $1.08, although revenue exceeded expectations at $7.01 billion.
• The stock has seen significant interest from institutional investors, with 74.52% of shares held by them, reflecting strong confidence in the company's market position.

Live Nation Entertainment (NYSE:LYV - Get Free Report) had its target price lowered by analysts at Deutsche Bank Aktiengesellschaft from $175.00 to $173.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 10.94% from the company's previous close.

A number of other equities research analysts also recently commented on LYV. Weiss Ratings reiterated a "hold (c)" rating on shares of Live Nation Entertainment in a report on Wednesday, October 8th. Rothschild & Co Redburn downgraded Live Nation Entertainment from a "buy" rating to a "neutral" rating and upped their price objective for the company from $144.00 to $170.00 in a report on Tuesday, September 16th. Citigroup upped their price objective on Live Nation Entertainment from $165.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Benchmark upped their price objective on Live Nation Entertainment from $180.00 to $190.00 and gave the company a "buy" rating in a report on Friday, September 26th. Finally, Oppenheimer upped their price objective on Live Nation Entertainment from $165.00 to $180.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Eighteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $171.89.

Live Nation Entertainment Trading Down 0.8%

LYV stock opened at $155.94 on Thursday. The company has a market cap of $36.56 billion, a P/E ratio of 67.51, a PEG ratio of 12.27 and a beta of 1.40. Live Nation Entertainment has a twelve month low of $112.88 and a twelve month high of $175.25. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 5.38. The business has a fifty day moving average of $162.19 and a 200-day moving average of $149.01.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.67). The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.93 billion. Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The company's revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. As a group, equities research analysts expect that Live Nation Entertainment will post 2.38 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LYV. Nuveen LLC acquired a new position in Live Nation Entertainment during the first quarter valued at approximately $201,501,000. Norges Bank acquired a new position in Live Nation Entertainment during the second quarter valued at approximately $198,336,000. Independent Franchise Partners LLP boosted its position in Live Nation Entertainment by 21.4% during the first quarter. Independent Franchise Partners LLP now owns 5,698,560 shares of the company's stock valued at $744,118,000 after purchasing an additional 1,004,574 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Live Nation Entertainment by 46.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,804,375 shares of the company's stock valued at $366,195,000 after purchasing an additional 884,745 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Live Nation Entertainment in the second quarter valued at approximately $128,704,000. 74.52% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.