Live Nation Entertainment (NYSE:LYV) Price Target Raised to $160.00

Live Nation Entertainment (NYSE:LYV - Free Report) had its price target boosted by Benchmark from $144.00 to $160.00 in a report issued on Thursday,Benzinga reports. Benchmark currently has a buy rating on the stock.

LYV has been the topic of a number of other reports. Roth Mkm upped their price target on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Macquarie upped their target price on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th. Guggenheim lifted their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. StockNews.com raised Live Nation Entertainment from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, Evercore ISI lifted their target price on Live Nation Entertainment from $110.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $145.40.

Live Nation Entertainment Trading Down 0.3 %

LYV traded down $0.40 during trading on Thursday, reaching $132.19. The company had a trading volume of 1,365,418 shares, compared to its average volume of 2,199,664. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The business has a 50 day simple moving average of $127.65 and a 200-day simple moving average of $107.49. The stock has a market cap of $30.71 billion, a P/E ratio of 140.63, a PEG ratio of 3.65 and a beta of 1.37. Live Nation Entertainment has a 52 week low of $86.67 and a 52 week high of $141.18.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its earnings results on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. The firm had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business's revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the business earned $1.78 EPS. On average, equities analysts anticipate that Live Nation Entertainment will post 1.04 EPS for the current fiscal year.

Institutional Trading of Live Nation Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group purchased a new position in shares of Live Nation Entertainment in the 3rd quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Live Nation Entertainment by 119.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company's stock worth $34,000 after buying an additional 202 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Live Nation Entertainment during the third quarter worth $38,000. UMB Bank n.a. grew its holdings in shares of Live Nation Entertainment by 67.4% during the second quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $41,000 after buying an additional 176 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new position in shares of Live Nation Entertainment in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 74.52% of the company's stock.

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.