Live Nation Entertainment, Inc. (NYSE:LYV) Given Consensus Rating of "Moderate Buy" by Analysts

Live Nation Entertainment, Inc. (NYSE:LYV - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fourteen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $115.58.

A number of analysts recently weighed in on the stock. TD Cowen reaffirmed a "buy" rating and set a $108.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Morgan Stanley reaffirmed an "overweight" rating and issued a $120.00 target price on shares of Live Nation Entertainment in a research report on Wednesday, June 12th. Rosenblatt Securities boosted their price target on Live Nation Entertainment from $119.00 to $122.00 and gave the stock a "buy" rating in a research report on Friday, May 3rd. Redburn Atlantic raised shares of Live Nation Entertainment from a "neutral" rating to a "buy" rating and increased their price objective for the company from $114.00 to $115.00 in a research report on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Live Nation Entertainment from $120.00 to $121.00 and gave the stock a "buy" rating in a research report on Monday, May 6th.

Institutional Trading of Live Nation Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Live Nation Entertainment by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 18,068,765 shares of the company's stock worth $1,911,133,000 after acquiring an additional 110,097 shares in the last quarter. William Blair Investment Management LLC increased its stake in Live Nation Entertainment by 12.0% during the first quarter. William Blair Investment Management LLC now owns 3,633,791 shares of the company's stock valued at $384,346,000 after purchasing an additional 388,980 shares during the last quarter. Cantillon Capital Management LLC raised its holdings in shares of Live Nation Entertainment by 16.7% during the first quarter. Cantillon Capital Management LLC now owns 3,205,694 shares of the company's stock worth $339,066,000 after purchasing an additional 458,893 shares during the period. Norges Bank bought a new position in shares of Live Nation Entertainment in the 4th quarter worth about $248,139,000. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Live Nation Entertainment by 7.5% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,191,712 shares of the company's stock valued at $205,144,000 after buying an additional 153,825 shares during the period. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Trading Down 0.7 %

NYSE:LYV traded down $0.69 on Wednesday, hitting $94.43. 1,689,499 shares of the stock were exchanged, compared to its average volume of 2,255,269. The stock has a fifty day moving average of $93.81 and a 200-day moving average of $94.54. The stock has a market cap of $21.69 billion, a PE ratio of 90.59, a PEG ratio of 1.93 and a beta of 1.34. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 10.83. Live Nation Entertainment has a fifty-two week low of $76.48 and a fifty-two week high of $107.24.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.32). Live Nation Entertainment had a return on equity of 90.67% and a net margin of 2.22%. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the company posted ($0.25) EPS. The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, equities analysts expect that Live Nation Entertainment will post 1.38 earnings per share for the current fiscal year.

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.