Live Nation Entertainment (NYSE:LYV) Given New $145.00 Price Target at TD Cowen

Live Nation Entertainment (NYSE:LYV - Get Free Report) had its price objective hoisted by investment analysts at TD Cowen from $108.00 to $145.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. TD Cowen's price objective suggests a potential upside of 11.82% from the stock's current price.

Other equities analysts have also recently issued research reports about the company. Oppenheimer boosted their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an "outperform" rating in a report on Tuesday. Macquarie upped their price target on Live Nation Entertainment from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Bank of America initiated coverage on Live Nation Entertainment in a research report on Wednesday, September 4th. They issued a "buy" rating and a $125.00 price target on the stock. JPMorgan Chase & Co. upped their target price on Live Nation Entertainment from $118.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Finally, Roth Mkm upped their target price on Live Nation Entertainment from $120.00 to $132.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.77.

Live Nation Entertainment Price Performance

NYSE LYV traded up $5.87 during midday trading on Tuesday, hitting $129.67. The company had a trading volume of 6,887,049 shares, compared to its average volume of 2,159,983. The company has a market capitalization of $29.87 billion, a PE ratio of 122.33, a P/E/G ratio of 3.03 and a beta of 1.33. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.22. The firm has a 50-day moving average price of $110.04 and a 200-day moving average price of $99.68. Live Nation Entertainment has a twelve month low of $81.38 and a twelve month high of $130.76.

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 the consensus estimate of $1.58 by $0.08. The firm had revenue of $7.65 billion during the quarter, compared to analysts' expectations of $7.75 billion. Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The company's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 EPS. As a group, analysts anticipate that Live Nation Entertainment will post 1.16 earnings per share for the current fiscal year.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,500 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $94.11, for a total value of $141,165.00. Following the completion of the sale, the director now directly owns 59,789 shares of the company's stock, valued at $5,626,742.79. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Brian Capo sold 5,000 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $96.61, for a total value of $483,050.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,327 shares of the company's stock, valued at $1,190,911.47. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey T. Hinson sold 1,500 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $94.11, for a total value of $141,165.00. Following the transaction, the director now directly owns 59,789 shares of the company's stock, valued at approximately $5,626,742.79. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 177,000 shares of company stock valued at $17,238,181 over the last ninety days. 2.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Live Nation Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Live Nation Entertainment by 442.1% in the first quarter. Janney Montgomery Scott LLC now owns 12,583 shares of the company's stock worth $1,331,000 after acquiring an additional 10,262 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Live Nation Entertainment by 27.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,678 shares of the company's stock worth $495,000 after acquiring an additional 1,002 shares during the period. Empowered Funds LLC bought a new position in shares of Live Nation Entertainment in the first quarter worth $281,000. Oppenheimer & Co. Inc. bought a new position in shares of Live Nation Entertainment in the first quarter worth $212,000. Finally, Headlands Technologies LLC bought a new position in shares of Live Nation Entertainment in the first quarter worth $138,000. 74.52% of the stock is owned by 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.