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

Live Nation Entertainment (NYSE:LYV - Free Report) had its price target raised by Roth Mkm from $152.00 to $174.00 in a report issued on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on LYV. Morgan Stanley raised their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com raised Live Nation Entertainment from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Macquarie upped 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. Bank of America increased their price target on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $156.00.

Live Nation Entertainment Stock Down 6.9 %

Shares of Live Nation Entertainment stock traded down $10.70 on Friday, reaching $143.93. 3,967,155 shares of the company were exchanged, compared to its average volume of 2,089,503. The stock's 50 day moving average price is $139.57 and its 200-day moving average price is $123.19. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment has a 1-year low of $86.81 and a 1-year high of $157.75. The company has a market cap of $33.44 billion, a P/E ratio of 52.91, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The company had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.67 billion. As a group, equities analysts forecast that Live Nation Entertainment will post 2.38 EPS for the current year.

Institutional Trading of Live Nation Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Measured Risk Portfolios Inc. acquired a new position in shares of Live Nation Entertainment in the fourth quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in Live Nation Entertainment in the 3rd quarter valued at $31,000. World Investment Advisors LLC purchased a new position in Live Nation Entertainment during the 3rd quarter worth $38,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Live Nation Entertainment in the 4th quarter worth $40,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Live Nation Entertainment in the third quarter valued at about $41,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

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.