Live Nation Entertainment’s (LYV) Buy Rating Reaffirmed at Benchmark

Benchmark reissued their buy rating on shares of Live Nation Entertainment (NYSE:LYV) in a research note published on Thursday,Benzinga reports. They currently have a $160.00 target price on the stock.

Several other equities analysts have also recently weighed in on LYV. Morgan Stanley increased their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday. Bank of America increased their price target on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Roth Mkm boosted their price objective on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. StockNews.com raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.47.

Live Nation Entertainment Trading Down 0.9 %

NYSE:LYV opened at $152.21 on Thursday. The company has a market cap of $35.37 billion, a PE ratio of 161.93, a price-to-earnings-growth ratio of 1.83 and a beta of 1.38. 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 company has a 50 day simple moving average of $138.96 and a two-hundred day simple moving average of $121.87. Live Nation Entertainment has a 12 month low of $86.81 and a 12 month high of $155.10.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate 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 forecast that Live Nation Entertainment will post 0.99 earnings per share for the current year.

Hedge Funds Weigh In On Live Nation Entertainment

Several hedge funds have recently modified their holdings of LYV. Measured Risk Portfolios Inc. bought a new stake in Live Nation Entertainment in the 4th quarter valued at $29,000. Brooklyn Investment Group purchased a new position in shares of Live Nation Entertainment during the third quarter valued at about $31,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Live Nation Entertainment in the fourth quarter worth about $40,000. Golden State Wealth Management LLC purchased a new stake in shares of Live Nation Entertainment in the fourth quarter worth about $42,000. Finally, Retirement Wealth Solutions LLC bought a new position in Live Nation Entertainment during the fourth quarter valued at approximately $44,000. 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.