Live Nation Entertainment, Inc. (NYSE:LYV) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Live Nation Entertainment has a “Moderate Buy” consensus rating from 24 brokerages, including 20 buy ratings and four hold ratings. Analysts’ average 12-month price target is $197.19.
• The company reported quarterly EPS of $1.05, beating the $0.66 consensus estimate, while revenue rose 9.4% year over year to $7.67 billion.
• LYV shares opened at $182.28, near their 52-week high of $189.24, and institutional investors own approximately 74.52% of the company.

Live Nation Entertainment, Inc. (NYSE:LYV - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-four brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $197.1905.

Several brokerages have commented on LYV. Weiss Ratings raised Live Nation Entertainment from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. BTIG Research restated a "buy" rating and issued a $215.00 price objective on shares of Live Nation Entertainment in a research note on Friday, July 31st. Susquehanna boosted their target price on shares of Live Nation Entertainment from $186.00 to $187.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. UBS Group upped their target price on shares of Live Nation Entertainment from $181.00 to $208.00 and gave the company a "buy" rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Live Nation Entertainment from $180.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st.

Live Nation Entertainment Stock Up 0.3%

LYV stock opened at $182.28 on Monday. The stock has a market capitalization of $42.95 billion, a price-to-earnings ratio of -161.31 and a beta of 1.12. The company has a 50-day moving average of $180.20 and a two-hundred day moving average of $166.47. Live Nation Entertainment has a 52-week low of $125.34 and a 52-week high of $189.24. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.85 and a quick ratio of 0.85.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.39. Live Nation Entertainment had a return on equity of 54.61% and a net margin of 0.34%.The business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that Live Nation Entertainment will post 1.05 EPS for the current year.

Institutional Investors Weigh In On Live Nation Entertainment

Hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new stake in Live Nation Entertainment during the second quarter worth about $1,113,000. HB Wealth Management LLC raised its holdings in Live Nation Entertainment by 2.9% in the 2nd quarter. HB Wealth Management LLC now owns 7,671 shares of the company's stock valued at $1,405,000 after acquiring an additional 217 shares in the last quarter. Saudi Central Bank raised its holdings in Live Nation Entertainment by 83.0% in the 2nd quarter. Saudi Central Bank now owns 10,979 shares of the company's stock valued at $2,010,000 after acquiring an additional 4,979 shares in the last quarter. Angeles Wealth Management LLC bought a new stake in shares of Live Nation Entertainment in the 2nd quarter worth approximately $232,000. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Live Nation Entertainment by 8.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,814 shares of the company's stock worth $334,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Company Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company's core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry's largest ticketing platforms.

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