Live Nation Entertainment (NYSE:LYV)‘s stock had its “buy” rating reiterated by analysts at Macquarie in a research note issued on Wednesday. They currently have a $52.00 price target on the stock. Macquarie’s price objective suggests a potential upside of 20.40% from the stock’s current price. Macquarie also issued estimates for Live Nation Entertainment’s Q3 2019 earnings at $0.72 EPS.

LYV has been the topic of several other reports. Zacks Investment Research cut shares of Live Nation Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Citigroup cut shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a report on Friday, December 22nd. JPMorgan Chase & Co. restated a “buy” rating on shares of Live Nation Entertainment in a report on Wednesday, October 18th. Finally, Jefferies Group restated a “buy” rating and set a $42.00 price target on shares of Live Nation Entertainment in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.57.

Live Nation Entertainment (NYSE:LYV) opened at $43.19 on Wednesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11. Live Nation Entertainment has a fifty-two week low of $27.17 and a fifty-two week high of $46.99. The company has a market cap of $8,930.00, a price-to-earnings ratio of 2,160.58 and a beta of 1.06.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. sell-side analysts predict that Live Nation Entertainment will post 0.14 earnings per share for the current year.

In related news, CEO Michael Rapino sold 210,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $43.21, for a total value of $9,074,100.00. Following the completion of the sale, the chief executive officer now directly owns 115,277 shares in the company, valued at $4,981,119.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Rowles sold 46,511 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $43.35, for a total transaction of $2,016,251.85. Following the completion of the sale, the executive vice president now owns 192,054 shares of the company’s stock, valued at $8,325,540.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,106,511 shares of company stock worth $49,467,752. 4.77% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Assetmark Inc. bought a new stake in Live Nation Entertainment in the third quarter worth $134,000. Massey Quick Simon & CO. LLC bought a new stake in Live Nation Entertainment in the third quarter worth $167,000. Chevy Chase Trust Holdings Inc. bought a new stake in Live Nation Entertainment in the third quarter worth $209,000. Neuberger Berman Group LLC boosted its holdings in Live Nation Entertainment by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 7,830 shares of the company’s stock worth $273,000 after purchasing an additional 63 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in Live Nation Entertainment by 58.5% in the second quarter. IHT Wealth Management LLC now owns 2,574 shares of the company’s stock worth $280,000 after purchasing an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 68.08% of the company’s stock.

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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. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

Analyst Recommendations for Live Nation Entertainment (NYSE:LYV)

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