Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Live Nation Entertainment (NYSE:LYV) Stock

Live Nation Entertainment (NYSE:LYVGet Free Report) had its price objective raised by analysts at Deutsche Bank Aktiengesellschaft from $180.00 to $185.00 in a research note issued on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 10.97% from the company’s previous close.

Several other brokerages also recently issued reports on LYV. Jefferies Financial Group reiterated a “hold” rating on shares of Live Nation Entertainment in a research note on Monday, March 9th. Rothschild & Co Redburn lifted their price target on shares of Live Nation Entertainment from $193.00 to $195.00 in a research note on Wednesday. Morgan Stanley reissued an “overweight” rating and set a $185.00 price objective on shares of Live Nation Entertainment in a research report on Friday, February 20th. Sanford C. Bernstein raised their target price on Live Nation Entertainment from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Moffett Nathanson lowered their target price on Live Nation Entertainment from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Twenty equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Live Nation Entertainment presently has an average rating of “Moderate Buy” and an average price target of $187.75.

Get Our Latest Analysis on Live Nation Entertainment

Live Nation Entertainment Stock Down 0.7%

Shares of LYV traded down $1.12 during trading hours on Wednesday, hitting $166.71. The company had a trading volume of 152,162 shares, compared to its average volume of 2,953,146. The stock has a market capitalization of $39.20 billion, a price-to-earnings ratio of -93.82 and a beta of 1.11. The firm has a fifty day moving average price of $157.37 and a 200-day moving average price of $148.63. Live Nation Entertainment has a 52-week low of $125.34 and a 52-week high of $175.25. The company has a debt-to-equity ratio of 8.51, a quick ratio of 1.00 and a current ratio of 1.00.

Live Nation Entertainment (NYSE:LYVGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($1.85) EPS for the quarter, missing the consensus estimate of ($0.35) by ($1.50). The firm had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Live Nation Entertainment had a net margin of 0.15% and a return on equity of 40.06%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the company posted ($0.32) earnings per share. On average, equities research analysts forecast that Live Nation Entertainment will post 1.39 EPS for the current fiscal year.

Insider Activity

In other news, Director Jeffrey T. Hinson sold 944 shares of Live Nation Entertainment stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $165.87, for a total transaction of $156,581.28. Following the sale, the director owned 48,030 shares in the company, valued at $7,966,736.10. This trade represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in Live Nation Entertainment by 3.3% during the 1st quarter. Empowered Funds LLC now owns 17,376 shares of the company’s stock valued at $2,269,000 after buying an additional 547 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Live Nation Entertainment by 15.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 798 shares of the company’s stock valued at $121,000 after acquiring an additional 109 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Live Nation Entertainment by 6.0% in the second quarter. Cerity Partners LLC now owns 27,496 shares of the company’s stock valued at $4,160,000 after purchasing an additional 1,550 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Live Nation Entertainment by 15.9% in the second quarter. Daiwa Securities Group Inc. now owns 26,340 shares of the company’s stock worth $3,983,000 after purchasing an additional 3,604 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in Live Nation Entertainment by 344.3% during the second quarter. NewEdge Advisors LLC now owns 2,208 shares of the company’s stock valued at $334,000 after purchasing an additional 1,711 shares in the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Key Headlines Impacting Live Nation Entertainment

Here are the key news stories impacting Live Nation Entertainment this week:

About Live Nation Entertainment

(Get Free Report)

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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Analyst Recommendations for Live Nation Entertainment (NYSE:LYV)

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