Live Nation Entertainment (NYSE:LYV) Given New $166.00 Price Target at Rothschild & Co Redburn

Live Nation Entertainment (NYSE:LYV) had its target price decreased by Rothschild & Co Redburn from $170.00 to $166.00 in a report issued on Monday morning,MarketScreener reports. Rothschild & Co Redburn currently has a neutral rating on the stock.

Several other brokerages have also issued reports on LYV. Rothschild Redb lowered shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Live Nation Entertainment in a research report on Monday, December 29th. Roth Capital decreased their target price on Live Nation Entertainment from $180.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Benchmark reiterated a “buy” rating on shares of Live Nation Entertainment in a research report on Tuesday, November 4th. Finally, Jefferies Financial Group cut Live Nation Entertainment from a “buy” rating to a “hold” rating and reduced their price target for the stock from $161.00 to $155.00 in a research report on Tuesday. Eighteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $172.95.

Live Nation Entertainment Stock Performance

Shares of NYSE LYV traded down $1.07 during midday trading on Monday, hitting $145.71. 2,452,734 shares of the stock traded hands, compared to its average volume of 2,488,864. The company has a debt-to-equity ratio of 5.41, a quick ratio of 0.92 and a current ratio of 0.92. Live Nation Entertainment has a one year low of $112.88 and a one year high of $175.25. The firm has a market capitalization of $34.20 billion, a P/E ratio of 105.58, a PEG ratio of 9.34 and a beta of 1.20. The firm has a 50-day moving average of $139.26 and a two-hundred day moving average of $150.48.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.81). The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.87 billion. Live Nation Entertainment had a net margin of 3.66% and a return on equity of 97.90%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.66 EPS. On average, equities analysts forecast that Live Nation Entertainment will post 2.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Live Nation Entertainment

Institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC increased its holdings in Live Nation Entertainment by 3.3% in the 1st quarter. Empowered Funds LLC now owns 17,376 shares of the company’s stock valued at $2,269,000 after acquiring an additional 547 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Live Nation Entertainment by 27.0% during the second quarter. Parallel Advisors LLC now owns 6,371 shares of the company’s stock valued at $964,000 after purchasing an additional 1,354 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Live Nation Entertainment by 24.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 636 shares of the company’s stock worth $96,000 after purchasing an additional 125 shares during the last quarter. Czech National Bank lifted its position in shares of Live Nation Entertainment by 7.0% in the second quarter. Czech National Bank now owns 38,524 shares of the company’s stock worth $5,828,000 after buying an additional 2,508 shares in the last quarter. Finally, Jackson Square Capital LLC bought a new position in Live Nation Entertainment during the second quarter valued at approximately $299,000. Institutional investors own 74.52% of the company’s stock.

About Live Nation Entertainment

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.