Live Nation Entertainment (NYSE:LYV) Price Target Raised to $175.00

Live Nation Entertainment (NYSE:LYV) had its price target boosted by Susquehanna from $174.00 to $175.00 in a research report released on Monday, MarketBeat.com reports. Susquehanna currently has a positive rating on the stock.

A number of other equities analysts have also weighed in on the company. Moffett Nathanson initiated coverage on Live Nation Entertainment in a research note on Monday, August 18th. They issued a “buy” rating and a $195.00 target price on the stock. Oppenheimer upped their price objective on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Live Nation Entertainment in a research report on Wednesday, October 8th. The Goldman Sachs Group increased their price target on shares of Live Nation Entertainment from $168.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Live Nation Entertainment from $175.00 to $173.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Nineteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $173.35.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock opened at $134.89 on Monday. Live Nation Entertainment has a 1-year low of $112.88 and a 1-year high of $175.25. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38. The firm has a market capitalization of $31.63 billion, a PE ratio of 58.39, a price-to-earnings-growth ratio of 12.85 and a beta of 1.40. The firm’s 50 day simple moving average is $159.34 and its 200 day simple moving average is $150.93.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.81). Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The firm had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.87 billion. During the same quarter last year, the firm earned $1.66 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, analysts expect that Live Nation Entertainment will post 2.38 earnings per share for the current fiscal year.

Institutional Trading of Live Nation Entertainment

Several hedge funds have recently added to or reduced their stakes in the business. MCF Advisors LLC grew its stake in shares of Live Nation Entertainment by 37.0% during the third quarter. MCF Advisors LLC now owns 929 shares of the company’s stock valued at $152,000 after buying an additional 251 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Live Nation Entertainment by 81.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 705 shares of the company’s stock valued at $116,000 after acquiring an additional 317 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Live Nation Entertainment by 8.5% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,171 shares of the company’s stock valued at $1,172,000 after acquiring an additional 563 shares during the period. Hantz Financial Services Inc. grew its position in Live Nation Entertainment by 4.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,570 shares of the company’s stock worth $420,000 after acquiring an additional 112 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Live Nation Entertainment by 8.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 334,934 shares of the company’s stock worth $54,728,000 after purchasing an additional 26,116 shares during the period. 74.52% of the stock is 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.