Live Nation Entertainment, Inc. (NYSE:LYV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) have received an average rating of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $172.55.

A number of analysts have commented on LYV shares. Benchmark reiterated a “buy” rating on shares of Live Nation Entertainment in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Live Nation Entertainment in a research note on Monday, December 29th. Zacks Research cut shares of Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. Susquehanna increased their price target on shares of Live Nation Entertainment from $174.00 to $175.00 and gave the company a “positive” rating in a research report on Monday, November 3rd. Finally, Roth Mkm cut their price objective on Live Nation Entertainment from $180.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Live Nation Entertainment by 22.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,725,776 shares of the company’s stock worth $1,589,196,000 after acquiring an additional 1,763,511 shares during the period. Norges Bank purchased a new stake in shares of Live Nation Entertainment in the second quarter valued at $198,336,000. Woodline Partners LP increased its stake in Live Nation Entertainment by 3,475.4% in the third quarter. Woodline Partners LP now owns 609,574 shares of the company’s stock valued at $99,604,000 after purchasing an additional 592,525 shares during the last quarter. Holocene Advisors LP lifted its position in Live Nation Entertainment by 127.6% during the third quarter. Holocene Advisors LP now owns 814,163 shares of the company’s stock worth $133,034,000 after buying an additional 456,373 shares during the period. Finally, Tidal Investments LLC boosted its stake in Live Nation Entertainment by 1,853.0% in the 3rd quarter. Tidal Investments LLC now owns 463,901 shares of the company’s stock worth $75,801,000 after buying an additional 440,148 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Stock Up 0.7%

LYV stock opened at $142.28 on Thursday. Live Nation Entertainment has a 52 week low of $112.88 and a 52 week high of $175.25. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 5.41. The company has a market cap of $33.40 billion, a P/E ratio of 103.10, a P/E/G ratio of 9.33 and a beta of 1.18. The company’s 50-day moving average price is $142.19 and its 200 day moving average price is $150.10.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.81). Live Nation Entertainment had a return on equity of 97.90% and a net margin of 3.66%.The firm had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.87 billion. During the same period last year, the firm earned $1.66 EPS. Live Nation Entertainment’s revenue was up 11.1% compared to the same quarter last year. On average, research analysts expect that Live Nation Entertainment will post 2.38 earnings per share for the current fiscal year.

About Live Nation Entertainment

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.