Live Nation Entertainment, Inc. (NYSE:LYV – Get Free Report) has earned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $145.40.
Several equities analysts have issued reports on LYV shares. Guggenheim boosted their price target on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Macquarie raised their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. The Goldman Sachs Group upped their price objective on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Benchmark boosted their target price on Live Nation Entertainment from $144.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Oppenheimer increased their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th.
View Our Latest Stock Analysis on LYV
Institutional Trading of Live Nation Entertainment
Live Nation Entertainment Trading Up 1.1 %
NYSE LYV opened at $144.10 on Friday. Live Nation Entertainment has a 12 month low of $86.67 and a 12 month high of $144.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a market capitalization of $33.48 billion, a PE ratio of 153.30, a price-to-earnings-growth ratio of 1.61 and a beta of 1.38. The business’s 50-day moving average price is $135.15 and its two-hundred day moving average price is $116.12.
Live Nation Entertainment (NYSE:LYV – Get Free Report) last released its earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. The business had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 EPS. On average, analysts expect that Live Nation Entertainment will post 1.02 EPS for the current year.
Live Nation Entertainment Company Profile
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.
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