Susquehanna Forecasts Strong Price Appreciation for Live Nation Entertainment (NYSE:LYV) Stock

Live Nation Entertainment (NYSE:LYVGet Free Report) had its price objective raised by research analysts at Susquehanna from $180.00 to $181.00 in a research note issued on Wednesday,MarketScreener reports. Susquehanna’s price objective suggests a potential upside of 8.45% from the stock’s previous close.

LYV has been the subject of a number of other research reports. Bank of America lifted their target price on shares of Live Nation Entertainment from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Roth Mkm reaffirmed a “buy” rating and issued a $190.00 target price on shares of Live Nation Entertainment in a research note on Friday, February 20th. Citizens Jmp began coverage on Live Nation Entertainment in a report on Monday, March 30th. They set a “market outperform” rating and a $190.00 target price on the stock. Guggenheim reissued a “buy” rating and issued a $197.00 price target on shares of Live Nation Entertainment in a report on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on shares of Live Nation Entertainment from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Twenty research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.50.

Get Our Latest Analysis on LYV

Live Nation Entertainment Stock Performance

NYSE LYV opened at $166.90 on Wednesday. The business has a 50 day moving average price of $157.18 and a 200 day moving average price of $148.52. The company has a market capitalization of $39.24 billion, a P/E ratio of -698.25 and a beta of 1.11. Live Nation Entertainment has a 1-year low of $125.34 and a 1-year high of $175.25. The company has a debt-to-equity ratio of 8.51, a current ratio of 1.00 and a quick ratio of 1.00.

Live Nation Entertainment (NYSE:LYVGet Free Report) last posted its earnings results on Tuesday, May 5th. The company reported ($1.85) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($1.50). The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.57 billion. Live Nation Entertainment had a net margin of 1.79% and a return on equity of 48.11%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the company posted ($0.32) EPS. Sell-side analysts expect that Live Nation Entertainment will post 1.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 944 shares of Live Nation Entertainment stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $165.87, for a total value of $156,581.28. Following the transaction, the director owned 48,030 shares in the company, valued at $7,966,736.10. This trade represents a 1.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Leonteq Securities AG acquired a new stake in Live Nation Entertainment during the fourth quarter worth about $25,000. Nvest Wealth Strategies Inc. acquired a new stake in Live Nation Entertainment during the 4th quarter worth approximately $26,000. Ameriflex Group Inc. increased its position in Live Nation Entertainment by 102.4% during the 3rd quarter. Ameriflex Group Inc. now owns 166 shares of the company’s stock worth $27,000 after purchasing an additional 84 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in Live Nation Entertainment during the 4th quarter worth approximately $30,000. Finally, DV Equities LLC purchased a new position in Live Nation Entertainment in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds 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:

Live Nation Entertainment Company Profile

(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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