Live Nation Entertainment (NYSE:LYV) Price Target Raised to $174.00

Live Nation Entertainment (NYSE:LYV) had its target price raised by stock analysts at Roth Mkm from $152.00 to $174.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price target would suggest a potential upside of 12.82% from the company’s current price.

LYV has been the topic of a number of other reports. StockNews.com raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Benchmark reissued a “buy” rating and set a $160.00 price target on shares of Live Nation Entertainment in a research report on Thursday. Bank of America upped their price objective on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a report on Thursday, November 14th. TD Cowen boosted their target price on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley upped their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $154.27.

Live Nation Entertainment Stock Up 1.3 %

Shares of NYSE:LYV traded up $1.90 during trading hours on Friday, hitting $154.22. The company’s stock had a trading volume of 1,611,589 shares, compared to its average volume of 1,878,755. The company has a market capitalization of $35.83 billion, a price-to-earnings ratio of 164.20, a P/E/G ratio of 1.83 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment has a 52 week low of $86.81 and a 52 week high of $157.75. The firm’s fifty day moving average price is $138.96 and its 200 day moving average price is $121.87.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, February 20th. 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%. The firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.67 billion. As a group, research analysts expect that Live Nation Entertainment will post 0.99 EPS for the current year.

Institutional Investors Weigh In On Live Nation Entertainment

Hedge funds have recently modified their holdings of the company. Measured Risk Portfolios Inc. purchased a new stake in Live Nation Entertainment in the fourth quarter valued at $29,000. Brooklyn Investment Group purchased a new stake in Live Nation Entertainment during the third quarter worth about $31,000. World Investment Advisors LLC purchased a new stake in shares of Live Nation Entertainment during the third quarter worth $38,000. Murphy & Mullick Capital Management Corp acquired a new stake in Live Nation Entertainment in the fourth quarter valued at approximately $40,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Live Nation Entertainment during the third quarter worth $41,000. 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.