Live Nation Entertainment Inc. (NYSE:LYV) had its price objective hoisted by Citigroup Inc. from $29.00 to $32.00 in a research report report published on Wednesday morning. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Albert Fried & Company reissued a buy rating and issued a $34.00 price target on shares of Live Nation Entertainment in a report on Tuesday, July 26th. Zacks Investment Research raised Live Nation Entertainment from a hold rating to a strong-buy rating and set a $32.00 price target for the company in a report on Wednesday. JPMorgan Chase & Co. started coverage on Live Nation Entertainment in a report on Thursday, August 18th. They issued an overweight rating and a $34.00 price target for the company. Jefferies Group reaffirmed a buy rating and set a $31.00 target price on shares of Live Nation Entertainment in a report on Friday, July 29th. Finally, Stephens started coverage on Live Nation Entertainment in a report on Thursday, October 6th. They set an equal weight rating and a $30.00 target price on the stock. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Live Nation Entertainment has a consensus rating of Buy and a consensus price target of $31.38.

Analyst Recommendations for Live Nation Entertainment (NYSE:LYV)

Live Nation Entertainment (NYSE:LYV) traded down 1.112% on Wednesday, hitting $27.135. The stock had a trading volume of 171,362 shares. The company’s 50 day moving average price is $26.95 and its 200-day moving average price is $24.59. The company’s market cap is $5.48 billion. Live Nation Entertainment has a 12-month low of $18.77 and a 12-month high of $29.68.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.13 EPS for the quarter, beating 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 return on equity of 0.27% and a net margin of 0.05%. Live Nation Entertainment’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 earnings per share. Equities research analysts anticipate that Live Nation Entertainment will post ($0.10) EPS for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB acquired a new stake in Live Nation Entertainment during the second quarter valued at approximately $10,243,000. Renaissance Technologies LLC boosted its position in shares of Live Nation Entertainment by 41.0% in the first quarter. Renaissance Technologies LLC now owns 2,725,166 shares of the company’s stock valued at $60,798,000 after buying an additional 792,000 shares during the period. Aperio Group LLC boosted its position in shares of Live Nation Entertainment by 29.1% in the first quarter. Aperio Group LLC now owns 13,345 shares of the company’s stock valued at $298,000 after buying an additional 3,006 shares during the period. HBK Investments L P boosted its position in shares of Live Nation Entertainment by 83.2% in the first quarter. HBK Investments L P now owns 383,962 shares of the company’s stock valued at $8,566,000 after buying an additional 174,362 shares during the period. Finally, BlackRock Group LTD boosted its position in shares of Live Nation Entertainment by 1.7% in the first quarter. BlackRock Group LTD now owns 166,702 shares of the company’s stock valued at $3,720,000 after buying an additional 2,750 shares during the period. Hedge funds and other institutional investors own 64.04% of the company’s stock.

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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