Live Nation Entertainment Inc. (NYSE:LYV) – Equities researchers at Jefferies Group lowered their FY2016 earnings per share estimates for Live Nation Entertainment in a research report issued on Tuesday. Jefferies Group analyst J. Janedis now anticipates that the firm will earn ($0.15) per share for the year, down from their previous forecast of ($0.14). 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 Q4 2016 earnings at ($0.49) EPS, Q1 2017 earnings at ($0.26) EPS, FY2017 earnings at $0.09 EPS, Q1 2018 earnings at ($0.22) EPS and FY2018 earnings at $0.29 EPS.

A number of other equities research analysts have also recently issued reports on LYV. Albert Fried & Company reaffirmed a “buy” rating and set a $34.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, July 26th. JPMorgan Chase & Co. began coverage on Live Nation Entertainment in a research report on Thursday, August 18th. They issued an “overweight” rating and a $34.00 price objective for the company. Stephens began coverage on Live Nation Entertainment in a research report on Thursday, October 6th. They issued an “equal weight” rating and a $30.00 price objective for the company. They noted that the move was a valuation call. Zacks Investment Research raised Live Nation Entertainment from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, October 12th. Finally, Citigroup Inc. increased their price objective on Live Nation Entertainment from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, October 12th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.75.

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

Live Nation Entertainment (NYSE:LYV) opened at 28.56 on Thursday. The stock’s 50 day moving average is $27.53 and its 200 day moving average is $25.44. Live Nation Entertainment has a one year low of $18.77 and a one year high of $29.00. The firm’s market cap is $5.78 billion.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB purchased a new position in shares of Live Nation Entertainment during the second quarter worth approximately $10,243,000. Renaissance Technologies LLC raised its position in 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 in the last quarter. Ngam Advisors L.P. raised its position in Live Nation Entertainment by 22.6% in the second quarter. Ngam Advisors L.P. now owns 298,994 shares of the company’s stock valued at $7,026,000 after buying an additional 55,138 shares in the last quarter. Aperio Group LLC raised its position in 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 in the last quarter. Finally, Three Peaks Capital Management LLC raised its position in Live Nation Entertainment by 45.7% in the second quarter. Three Peaks Capital Management LLC now owns 232,064 shares of the company’s stock valued at $5,454,000 after buying an additional 72,776 shares in the last quarter. Institutional investors and hedge funds own 64.12% 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

Receive News & Stock Ratings for Live Nation Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment Inc. and related stocks with our FREE daily email newsletter.