The Goldman Sachs Group Issues Positive Forecast for Live Nation Entertainment (NYSE:LYV) Stock Price

Live Nation Entertainment (NYSE:LYV - Free Report) had its price objective hoisted by The Goldman Sachs Group from $148.00 to $166.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also issued reports on LYV. JPMorgan Chase & Co. boosted their price objective on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. 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 report on Tuesday, November 19th. Guggenheim boosted their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Evercore ISI upped their price target on Live Nation Entertainment from $110.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, Citigroup upped their price target on Live Nation Entertainment from $130.00 to $163.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $146.60.

Live Nation Entertainment Trading Up 0.8 %

LYV traded up $1.22 on Thursday, hitting $153.80. The company had a trading volume of 1,461,285 shares, compared to its average volume of 1,732,927. The firm has a market cap of $35.73 billion, a P/E ratio of 163.61, a PEG ratio of 1.73 and a beta of 1.38. Live Nation Entertainment has a 1 year low of $86.81 and a 1 year high of $153.94. The company's fifty day moving average price is $137.45 and its 200 day moving average price is $120.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.

Institutional Investors Weigh In On Live Nation Entertainment

Large investors have recently modified their holdings of the stock. Measured Risk Portfolios Inc. purchased a new position in Live Nation Entertainment in the fourth quarter worth $29,000. Brooklyn Investment Group purchased a new position in Live Nation Entertainment in the third quarter worth $31,000. World Investment Advisors LLC purchased a new position in Live Nation Entertainment in the third quarter worth $38,000. Murphy & Mullick Capital Management Corp purchased a new position in Live Nation Entertainment in the fourth quarter worth $40,000. Finally, Reston Wealth Management LLC purchased a new position in Live Nation Entertainment in the third quarter worth $41,000. Hedge funds and other institutional investors 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.