Live Nation Entertainment (NYSE:LYV) Receives Buy Rating from Benchmark

Live Nation Entertainment (NYSE:LYV)‘s stock had its “buy” rating reaffirmed by analysts at Benchmark in a report issued on Thursday,Benzinga reports. They currently have a $160.00 price target on the stock. Benchmark’s price target points to a potential upside of 4.17% from the stock’s current price.

LYV has been the topic of several other research reports. StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Morgan Stanley lifted their price objective on Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $146.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday. Finally, 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. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.47.

Live Nation Entertainment Price Performance

Shares of LYV stock opened at $153.59 on Thursday. The stock’s fifty day simple moving average is $138.64 and its 200 day simple moving average is $121.66. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 163.39, a P/E/G ratio of 1.79 and a beta of 1.38. Live Nation Entertainment has a one year low of $86.81 and a one year high of $155.10.

Hedge Funds Weigh In On Live Nation Entertainment

Several hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new position in Live Nation Entertainment in the fourth quarter valued at about $9,449,000. Neo Ivy Capital Management bought a new stake in shares of Live Nation Entertainment in the fourth quarter worth about $102,000. Vise Technologies Inc. bought a new stake in shares of Live Nation Entertainment in the fourth quarter worth about $334,000. JT Stratford LLC bought a new stake in shares of Live Nation Entertainment in the fourth quarter worth about $269,000. Finally, Vanguard Capital Wealth Advisors bought a new stake in shares of Live Nation Entertainment in the fourth quarter worth about $298,000. Institutional investors and hedge funds 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.