Live Nation Entertainment (NYSE:LYV) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Live Nation Entertainment (NYSE:LYV) had its price target raised by Morgan Stanley from $150.00 to $170.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also issued reports on LYV. TD Cowen increased their target price on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Macquarie increased their price target on Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $146.00 price objective on shares of Live Nation Entertainment in a report on Tuesday. JPMorgan Chase & Co. increased their target price on Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group boosted their price target on Live Nation Entertainment from $148.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Live Nation Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of $151.47.

Live Nation Entertainment Stock Performance

NYSE:LYV opened at $152.21 on Tuesday. The stock has a 50 day simple moving average of $138.96 and a 200 day simple moving average of $121.87. The stock has a market cap of $35.37 billion, a P/E ratio of 161.93, a PEG ratio of 1.79 and a beta of 1.38. Live Nation Entertainment has a 1-year low of $86.81 and a 1-year high of $155.10. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. Research analysts anticipate that Live Nation Entertainment will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LYV. Smartleaf Asset Management LLC grew its position in Live Nation Entertainment by 17.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 493 shares of the company’s stock worth $65,000 after acquiring an additional 75 shares during the last quarter. SOA Wealth Advisors LLC. grew its holdings in shares of Live Nation Entertainment by 19.0% during the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock worth $65,000 after purchasing an additional 80 shares during the last quarter. Western Pacific Wealth Management LP increased its stake in shares of Live Nation Entertainment by 10.4% in the fourth quarter. Western Pacific Wealth Management LP now owns 867 shares of the company’s stock valued at $112,000 after buying an additional 82 shares during the period. Cromwell Holdings LLC raised its holdings in Live Nation Entertainment by 25.7% in the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock valued at $47,000 after buying an additional 88 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in Live Nation Entertainment by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock worth $352,000 after buying an additional 89 shares during the period. 74.52% of the stock is currently owned by institutional investors.

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.