Shares of Live Nation Entertainment, Inc. (NYSE:LYV) have been assigned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $40.86.

Several equities research analysts have weighed in on LYV shares. Stephens restated an “overweight” rating and issued a $44.00 price objective (up previously from $36.00) on shares of Live Nation Entertainment in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, October 10th. J P Morgan Chase & Co restated a “buy” rating on shares of Live Nation Entertainment in a research report on Friday, August 11th. William Blair started coverage on shares of Live Nation Entertainment in a research report on Friday, July 21st. They issued an “outperform” rating for the company. Finally, Jefferies Group LLC raised their price objective on shares of Live Nation Entertainment from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, June 27th.

Live Nation Entertainment (NYSE:LYV) opened at 42.97 on Wednesday. The firm has a 50-day moving average of $42.35 and a 200 day moving average of $37.15. Live Nation Entertainment has a 52-week low of $26.41 and a 52-week high of $43.85. The company has a market cap of $8.81 billion, a PE ratio of 6138.57 and a beta of 1.03.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.10. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Live Nation Entertainment had a net margin of 0.25% and a return on equity of 1.60%. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS. Equities research analysts expect that Live Nation Entertainment will post $0.22 earnings per share for the current fiscal year.

In other news, Director Ariel Emanuel sold 10,000 shares of Live Nation Entertainment stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $41.56, for a total transaction of $415,600.00. Following the completion of the sale, the director now owns 85,737 shares in the company, valued at approximately $3,563,229.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian Capo sold 7,500 shares of Live Nation Entertainment stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the sale, the insider now owns 13,354 shares of the company’s stock, valued at approximately $540,837. The disclosure for this sale can be found here. 4.77% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. BB&T Corp grew its position in shares of Live Nation Entertainment by 2.8% during the 3rd quarter. BB&T Corp now owns 177,974 shares of the company’s stock worth $7,751,000 after buying an additional 4,895 shares during the period. Fisher Asset Management LLC grew its position in shares of Live Nation Entertainment by 8.2% during the 3rd quarter. Fisher Asset Management LLC now owns 453,765 shares of the company’s stock worth $19,761,000 after buying an additional 34,434 shares during the period. Mutual of America Capital Management LLC grew its position in shares of Live Nation Entertainment by 2.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 110,656 shares of the company’s stock worth $4,819,000 after buying an additional 2,589 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its position in shares of Live Nation Entertainment by 30.8% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 73,177 shares of the company’s stock worth $2,298,000 after buying an additional 17,210 shares during the period. Finally, Perpetual Ltd acquired a new stake in shares of Live Nation Entertainment during the 2nd quarter worth approximately $1,141,000. Institutional investors own 66.14% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/10/25/live-nation-entertainment-inc-lyv-given-consensus-rating-of-buy-by-analysts.html.

About Live Nation Entertainment

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

Analyst Recommendations for Live Nation Entertainment (NYSE:LYV)

Receive News & Ratings for Live Nation Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.