Live Nation Entertainment, Inc. (NYSE:LYV) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Live Nation Entertainment, Inc. (NYSE:LYV) holds a consensus rating of "Moderate Buy" from analysts, with 18 out of 20 recommending a buy and an average 1-year target price of $171.21.
• Despite missing quarterly earnings expectations, Live Nation reported $7.01 billion in revenue, exceeding analyst forecasts and showing a 16.3% year-over-year increase.
• Institutional investors have significantly increased their positions in Live Nation, with 74.52% of the stock now owned by institutional investors, indicating strong confidence in the company's future.

Shares of Live Nation Entertainment, Inc. (NYSE:LYV - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $171.2105.

A number of analysts have recently issued reports on LYV shares. Susquehanna set a $165.00 target price on shares of Live Nation Entertainment and gave the company a "positive" rating in a research note on Tuesday, June 10th. Rothschild Redb lowered shares of Live Nation Entertainment from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 16th. Rothschild & Co Redburn lowered shares of Live Nation Entertainment from a "buy" rating to a "neutral" rating and boosted their target price for the company from $144.00 to $170.00 in a research note on Tuesday, September 16th. Citigroup boosted their target price on shares of Live Nation Entertainment from $165.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Finally, Guggenheim reissued a "buy" rating and set a $170.00 target price on shares of Live Nation Entertainment in a research note on Wednesday, June 18th.

Live Nation Entertainment Stock Down 1.3%

NYSE LYV opened at $156.76 on Friday. 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 company has a fifty day moving average of $161.52 and a two-hundred day moving average of $146.28. The firm has a market capitalization of $36.76 billion, a price-to-earnings ratio of 67.86, a PEG ratio of 10.80 and a beta of 1.40. Live Nation Entertainment has a 52 week low of $107.65 and a 52 week high of $175.25.

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

Institutional Trading of Live Nation Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the company. Clearstead Trust LLC raised its holdings in shares of Live Nation Entertainment by 469.0% in the second quarter. Clearstead Trust LLC now owns 165 shares of the company's stock valued at $25,000 after acquiring an additional 136 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Live Nation Entertainment in the first quarter valued at about $30,000. Chilton Capital Management LLC bought a new stake in shares of Live Nation Entertainment in the first quarter valued at about $33,000. N.E.W. Advisory Services LLC bought a new stake in shares of Live Nation Entertainment in the first quarter valued at about $42,000. Finally, GW&K Investment Management LLC raised its holdings in shares of Live Nation Entertainment by 690.2% in the first quarter. GW&K Investment Management LLC now owns 324 shares of the company's stock valued at $42,000 after acquiring an additional 283 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors.

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.

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