Live Nation Entertainment (NYSE:LYV) Price Target Raised to $185.00 at Morgan Stanley

Live Nation Entertainment (NYSE:LYV - Get Free Report) had its price target boosted by investment analysts at Morgan Stanley from $165.00 to $185.00 in a note issued to investors on Thursday, July 24th, MarketBeat reports. The brokerage currently has an "overweight" rating on the stock. Morgan Stanley's target price suggests a potential upside of 21.66% from the stock's current price.

LYV has been the topic of a number of other reports. Benchmark reiterated a "buy" rating and set a $178.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, April 1st. Sanford C. Bernstein began coverage on Live Nation Entertainment in a research report on Wednesday, June 4th. They issued an "outperform" rating and a $185.00 price objective for the company. Rosenblatt Securities dropped their price target on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Susquehanna set a $165.00 price objective on Live Nation Entertainment and gave the company a "positive" rating in a research note on Tuesday, June 10th. Finally, Wolfe Research boosted their price target on Live Nation Entertainment from $160.00 to $168.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 10th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Live Nation Entertainment presently has an average rating of "Moderate Buy" and an average price target of $165.82.

Live Nation Entertainment Stock Down 0.1%

Shares of NYSE:LYV traded down $0.13 during trading on Thursday, reaching $152.06. The stock had a trading volume of 91,783 shares, compared to its average volume of 2,494,042. The firm's 50-day simple moving average is $146.28 and its 200 day simple moving average is $139.27. The company has a market capitalization of $35.24 billion, a P/E ratio of 52.07, a PEG ratio of 5.86 and a beta of 1.45. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 7.43. Live Nation Entertainment has a one year low of $87.33 and a one year high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.29). Live Nation Entertainment had a return on equity of 125.77% and a net margin of 4.28%. The company had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.63 billion. During the same period in the previous year, the firm posted $0.60 EPS. Live Nation Entertainment's revenue was down 11.0% compared to the same quarter last year. As a group, research analysts expect that Live Nation Entertainment will post 2.38 EPS for the current fiscal year.

Insider Activity

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of Live Nation Entertainment stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $147.38, for a total transaction of $5,130,003.04. Following the transaction, the executive vice president owned 189,456 shares of the company's stock, valued at $27,922,025.28. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Measured Risk Portfolios Inc. bought a new stake in shares of Live Nation Entertainment during the 4th quarter valued at about $29,000. Wayfinding Financial LLC bought a new position in shares of Live Nation Entertainment during the first quarter worth $30,000. Chilton Capital Management LLC bought a new position in Live Nation Entertainment during the first quarter valued at $33,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Live Nation Entertainment in the 4th quarter worth about $40,000. Finally, GW&K Investment Management LLC lifted its holdings in shares of Live Nation Entertainment by 690.2% in the 1st quarter. GW&K Investment Management LLC now owns 324 shares of the company's stock worth $42,000 after acquiring an additional 283 shares during the last quarter. 74.52% of the stock is owned by 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.