Live Nation Entertainment Inc. (NYSE:LYV) – Investment analysts at Jefferies Group increased their FY2016 earnings estimates for Live Nation Entertainment in a research note issued to investors on Monday. Jefferies Group analyst J. Janedis now expects that the firm will post earnings of ($0.14) per share for the year, up from their prior forecast of ($0.16). Jefferies Group has a “Buy” rating and a $31.00 price objective on the stock.

A number of other equities analysts have also weighed in on the stock. Citigroup Inc. lifted their price target on shares of Live Nation Entertainment from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research raised shares of Live Nation Entertainment from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research note on Wednesday. Stephens initiated coverage on shares of Live Nation Entertainment in a research note on Thursday, October 6th. They issued an “equal weight” rating and a $30.00 target price on the stock. They noted that the move was a valuation call. JPMorgan Chase & Co. initiated coverage on shares of Live Nation Entertainment in a research note on Thursday, August 18th. They issued an “overweight” rating and a $34.00 target price on the stock. Finally, Albert Fried & Company reissued a “buy” rating and issued a $34.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, July 26th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $31.38.

Earnings History and Estimates for Live Nation Entertainment (NYSE:LYV)

Shares of Live Nation Entertainment (NYSE:LYV) traded up 0.22% during trading on Wednesday, hitting $27.47. 311,370 shares of the company were exchanged. Live Nation Entertainment has a 12 month low of $18.77 and a 12 month high of $29.68. The stock’s market cap is $5.55 billion. The company’s 50-day moving average price is $26.94 and its 200 day moving average price is $24.57.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, July 28th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The firm earned $2.20 billion during the quarter, compared to the consensus estimate of $1.88 billion. Live Nation Entertainment had a net margin of 0.05% and a return on equity of 0.27%. The company’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share.

Large investors have recently added to or reduced their stakes in the company. Creative Planning increased its stake in Live Nation Entertainment by 6.1% in the third quarter. Creative Planning now owns 4,334 shares of the company’s stock valued at $119,000 after buying an additional 249 shares during the period. Algert Global LLC purchased a new stake in Live Nation Entertainment during the third quarter valued at about $2,324,000. Oregon Public Employees Retirement Fund increased its stake in Live Nation Entertainment by 3.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 50,355 shares of the company’s stock valued at $1,384,000 after buying an additional 1,588 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in Live Nation Entertainment by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 25,224 shares of the company’s stock valued at $593,000 after buying an additional 75 shares during the period. Finally, Mason Street Advisors LLC purchased a new stake in Live Nation Entertainment during the second quarter valued at about $1,566,000. 64.04% of the stock is currently owned by hedge funds and other institutional investors.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. Its segments include Concerts, Ticketing, Artist Nation, Sponsorship & Advertising, Other and Corporate.

5 Day Chart for NYSE:LYV

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