Live Nation Entertainment, Inc. (NYSE:LYV) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) have been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $156.00.

LYV has been the subject of several analyst reports. Benchmark restated a “buy” rating and issued a $160.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, February 20th. StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. TD Cowen lifted their price objective on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Rosenblatt Securities reissued a “buy” rating and issued a $146.00 target price on shares of Live Nation Entertainment in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 19th.

Live Nation Entertainment Trading Down 1.8 %

Live Nation Entertainment stock opened at $141.86 on Thursday. Live Nation Entertainment has a 52-week low of $86.81 and a 52-week high of $157.75. The company has a market cap of $32.96 billion, a P/E ratio of 52.15, a P/E/G ratio of 1.81 and a beta of 1.38. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The business has a 50-day simple moving average of $139.87 and a two-hundred day simple moving average of $123.69.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.67 billion. Analysts predict that Live Nation Entertainment will post 2.38 EPS for the current year.

Insider Buying and Selling at Live Nation Entertainment

In other news, EVP Michael Rowles sold 63,136 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the sale, the executive vice president now directly owns 195,346 shares of the company’s stock, valued at $30,356,768.40. This represents a 24.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Live Nation Entertainment

Several large investors have recently bought and sold shares of the business. Measured Risk Portfolios Inc. purchased a new position in shares of Live Nation Entertainment in the 4th quarter worth $29,000. Brooklyn Investment Group purchased a new position in Live Nation Entertainment in the third quarter worth about $31,000. World Investment Advisors LLC bought a new stake in Live Nation Entertainment during the third quarter worth approximately $38,000. Murphy & Mullick Capital Management Corp purchased a new stake in Live Nation Entertainment during the fourth quarter valued at approximately $40,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Live Nation Entertainment in the 3rd quarter worth approximately $41,000. Institutional investors own 74.52% of the company’s stock.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.