Live Nation Entertainment (NYSE:LYV - Free Report) had its target price increased by JPMorgan Chase & Co. from $137.00 to $150.00 in a report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
A number of other research firms have also commented on LYV. Roth Mkm boosted their price target on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the company a "buy" rating in a research report on Thursday. Evercore ISI boosted their target price on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Macquarie raised their price target on Live Nation Entertainment from $130.00 to $146.00 and gave the company an "outperform" rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, Benchmark raised their target price on Live Nation Entertainment from $132.00 to $144.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Live Nation Entertainment has a consensus rating of "Moderate Buy" and an average price target of $144.33.
Read Our Latest Report on LYV
Live Nation Entertainment Price Performance
Shares of LYV stock traded up $1.16 during trading hours on Thursday, hitting $135.84. The company had a trading volume of 1,540,735 shares, compared to its average volume of 2,205,225. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $31.56 billion, a price-to-earnings ratio of 143.30, a PEG ratio of 3.71 and a beta of 1.37. Live Nation Entertainment has a 12 month low of $86.67 and a 12 month high of $141.18. The firm's fifty day moving average is $124.76 and its 200 day moving average is $105.86.
Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data 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. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The firm had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the prior year, the company posted $1.78 earnings per share. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. On average, sell-side analysts predict that Live Nation Entertainment will post 1.04 EPS for the current fiscal year.
Institutional Investors Weigh In On Live Nation Entertainment
Several large investors have recently bought and sold shares of LYV. Frank Rimerman Advisors LLC acquired a new position in Live Nation Entertainment in the 2nd quarter worth $748,000. Select Equity Group L.P. boosted its position in shares of Live Nation Entertainment by 12.3% during the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company's stock worth $1,213,053,000 after buying an additional 1,415,173 shares during the period. Davidson Kempner Capital Management LP bought a new position in shares of Live Nation Entertainment during the second quarter worth about $3,985,000. Czech National Bank raised its position in Live Nation Entertainment by 17.5% in the 3rd quarter. Czech National Bank now owns 31,904 shares of the company's stock valued at $3,493,000 after buying an additional 4,761 shares during the last quarter. Finally, Coronation Fund Managers Ltd. lifted its stake in Live Nation Entertainment by 48.3% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 51,187 shares of the company's stock valued at $4,798,000 after acquiring an additional 16,668 shares in the last quarter. Institutional investors own 74.52% of the company's stock.
About Live Nation Entertainment
(
Get Free Report)
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.
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