Live Nation Entertainment Inc. (NYSE:LYV) – Jefferies Group lowered their Q2 2017 earnings per share (EPS) estimates for Live Nation Entertainment in a research note issued on Tuesday. Jefferies Group analyst J. Janedis now anticipates that the firm will earn $0.18 per share for the quarter, down from their prior forecast of $0.19. Jefferies Group has a “Buy” rating and a $32.00 price objective on the stock. Jefferies Group also issued estimates for Live Nation Entertainment’s Q3 2017 earnings at $0.56 EPS, Q2 2018 earnings at $0.26 EPS and Q3 2018 earnings at $0.61 EPS.

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

Several other brokerages have also recently issued reports on LYV. Stephens assumed coverage on Live Nation Entertainment in a report 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. Zacks Investment Research raised Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday, October 26th. Citigroup Inc. lifted their target price on Live Nation Entertainment from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, October 12th. JPMorgan Chase & Co. assumed coverage on Live Nation Entertainment in a report on Thursday, August 18th. They issued an “overweight” rating and a $34.00 target price on the stock. Finally, Albert Fried & Company reaffirmed a “buy” rating and issued a $34.00 target price on shares of Live Nation Entertainment in a report on Tuesday, July 26th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $31.38.

Live Nation Entertainment (NYSE:LYV) traded up 1.18% on Wednesday, hitting $28.29. The stock had a trading volume of 87,029 shares. The firm’s market capitalization is $5.71 billion. The stock’s 50-day moving average is $27.45 and its 200 day moving average is $25.37. Live Nation Entertainment has a 1-year low of $18.77 and a 1-year high of $29.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LYV. Princeton Alpha Management LP purchased a new stake in shares of Live Nation Entertainment during the third quarter worth about $330,000. BB&T Securities LLC raised its stake in shares of Live Nation Entertainment by 0.4% in the third quarter. BB&T Securities LLC now owns 907,207 shares of the company’s stock worth $24,930,000 after buying an additional 3,787 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Live Nation Entertainment by 0.9% in the third quarter. California State Teachers Retirement System now owns 283,235 shares of the company’s stock worth $7,783,000 after buying an additional 2,400 shares during the last quarter. HAP Trading LLC purchased a new stake in shares of Live Nation Entertainment during the third quarter worth about $411,000. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Live Nation Entertainment by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 65,620 shares of the company’s stock worth $1,803,000 after buying an additional 940 shares during the last quarter. 64.12% of the stock is currently owned by hedge funds and other institutional investors.

About Live Nation Entertainment

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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