Live Nation Entertainment, Inc. (NYSE:LYV) Receives $172.55 Average Target Price from Analysts

Live Nation Entertainment, Inc. (NYSE:LYV) has received a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $172.45.

A number of brokerages recently commented on LYV. JPMorgan Chase & Co. decreased their target price on Live Nation Entertainment from $172.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Rothschild & Co Redburn decreased their price target on shares of Live Nation Entertainment from $170.00 to $166.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. Susquehanna raised their target price on shares of Live Nation Entertainment from $174.00 to $175.00 and gave the company a “positive” rating in a research note on Monday, November 3rd. Guggenheim lowered their target price on shares of Live Nation Entertainment from $172.00 to $168.00 and set a “buy” rating on the stock in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group lifted their target price on shares of Live Nation Entertainment from $160.00 to $165.00 and gave the stock a “sell” rating in a research report on Friday, January 2nd.

Institutional Trading of Live Nation Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in Live Nation Entertainment by 22.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,725,776 shares of the company’s stock worth $1,589,196,000 after purchasing an additional 1,763,511 shares during the period. Profund Advisors LLC raised its holdings in shares of Live Nation Entertainment by 51.1% in the third quarter. Profund Advisors LLC now owns 11,141 shares of the company’s stock worth $1,820,000 after buying an additional 3,767 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Live Nation Entertainment in the third quarter worth $1,606,000. WT Wealth Management purchased a new position in Live Nation Entertainment during the third quarter valued at approximately $1,753,000. Finally, Seven Grand Managers LLC acquired a new stake in shares of Live Nation Entertainment during the 2nd quarter valued at about $22,692,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock traded up $5.35 during trading hours on Thursday, reaching $156.46. The company had a trading volume of 2,163,157 shares, compared to its average volume of 2,586,446. The company has a debt-to-equity ratio of 5.41, a current ratio of 0.92 and a quick 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 cap of $36.73 billion, a PE ratio of 113.07, a price-to-earnings-growth ratio of 9.86 and a beta of 1.18. The business has a fifty day simple moving average of $143.56 and a 200 day simple moving average of $149.87.

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.