Live Nation Entertainment (NYSE:LYV) Given New $152.00 Price Target at Roth Mkm

Live Nation Entertainment (NYSE:LYV) had its price objective hoisted by Roth Mkm from $132.00 to $152.00 in a research report released on Thursday,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on LYV. Macquarie lifted their target price on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Bank of America lifted their target price on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Citigroup boosted their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Guggenheim boosted their price objective on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.33.

Live Nation Entertainment Stock Performance

NYSE LYV opened at $135.84 on Thursday. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $31.56 billion, a PE ratio of 144.51, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. Live Nation Entertainment has a 52-week low of $86.67 and a 52-week high of $141.18. The company has a 50-day simple moving average of $125.29 and a 200 day simple moving average of $106.07.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. The firm 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 was down 6.2% on a year-over-year basis. During the same quarter last year, the company earned $1.78 earnings per share. On average, research analysts predict that Live Nation Entertainment will post 1.04 EPS for the current year.

Hedge Funds Weigh In On Live Nation Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of LYV. Cetera Advisors LLC purchased a new position in Live Nation Entertainment in the 1st quarter worth approximately $207,000. CWM LLC lifted its holdings in shares of Live Nation Entertainment by 8.4% in the 2nd quarter. CWM LLC now owns 2,389 shares of the company’s stock worth $224,000 after acquiring an additional 186 shares during the last quarter. Diversified Trust Co bought a new stake in shares of Live Nation Entertainment in the 2nd quarter worth approximately $226,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Live Nation Entertainment by 4.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,108 shares of the company’s stock worth $291,000 after acquiring an additional 138 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its holdings in shares of Live Nation Entertainment by 5.4% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,527 shares of the company’s stock worth $237,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other 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.