Live Nation Entertainment (NYSE:LYV) Stock Price Expected to Rise, Roth Mkm Analyst Says

Live Nation Entertainment (NYSE:LYV - Free Report) had its price objective upped by Roth Mkm from $132.00 to $152.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on the company. Guggenheim upped their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Evercore ISI lifted their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. The Goldman Sachs Group upped their price objective on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. TD Cowen boosted their price target on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $123.00 price objective on shares of Live Nation Entertainment in a research report on Thursday, August 15th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $144.33.

Live Nation Entertainment Stock Up 0.9 %

NYSE LYV traded up $1.16 during trading hours on Thursday, hitting $135.84. 1,540,735 shares of the company were exchanged, compared to its average volume of 2,205,229. The company has a 50 day moving average of $124.76 and a two-hundred day moving average of $105.86. 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 firm has a market cap 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 52-week low of $86.67 and a 52-week high of $141.18.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in Live Nation Entertainment during the third quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in Live Nation Entertainment by 119.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company's stock worth $34,000 after purchasing an additional 202 shares during the period. Reston Wealth Management LLC acquired a new stake in Live Nation Entertainment in the 3rd quarter valued at $41,000. Morse Asset Management Inc acquired a new stake in shares of Live Nation Entertainment in the third quarter valued at about $42,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in shares of Live Nation Entertainment during the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 74.52% of the company's stock.

About Live Nation Entertainment

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.