Roth Mkm Boosts Live Nation Entertainment (NYSE:LYV) Price Target to $152.00

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

A number of other equities research analysts have also commented on the stock. Citigroup upped their price target on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Guggenheim upped their price objective on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their price objective on shares of Live Nation Entertainment from $118.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. 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 report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Live Nation Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $144.33.

Live Nation Entertainment Trading Up 0.9 %

NYSE:LYV opened at $135.84 on Thursday. The company has a fifty day moving average of $125.29 and a 200 day moving average of $106.07. Live Nation Entertainment has a 52 week low of $86.67 and a 52 week high of $141.18. 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 capitalization of $31.56 billion, a P/E ratio of 144.51, a P/E/G ratio of 3.65 and a beta of 1.37.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Monday, November 11th. The company reported $1.66 EPS 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 company had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the prior year, the business posted $1.78 EPS. The firm’s revenue was down 6.2% compared to the same quarter last year. On average, research analysts predict that Live Nation Entertainment will post 1.04 earnings per share for the current year.

Hedge Funds Weigh In On Live Nation Entertainment

Several institutional investors have recently made changes to their positions in LYV. Cromwell Holdings LLC raised its stake in Live Nation Entertainment by 25.7% during the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after acquiring an additional 88 shares during the period. Private Advisor Group LLC grew its holdings in Live Nation Entertainment by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock valued at $352,000 after buying an additional 89 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Live Nation Entertainment by 1.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company’s stock valued at $728,000 after buying an additional 95 shares in the last quarter. Empirical Finance LLC grew its holdings in Live Nation Entertainment by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 4,639 shares of the company’s stock valued at $508,000 after buying an additional 105 shares in the last quarter. Finally, Mystic Asset Management Inc. grew its holdings in Live Nation Entertainment by 2.1% during the 2nd quarter. Mystic Asset Management Inc. now owns 5,240 shares of the company’s stock valued at $491,000 after buying an additional 110 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

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.