2 weeks Ago By Defense World Staff
Live Nation Entertainment, Inc. ( NYSE:LYV – Get Free Report ) has earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating on the company.
The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $137.43. LYV has been the subject of several recent analyst reports.
Macquarie upped their target price on Live Nation Entertainment from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th.
StockNews.com cut shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday. Roth Mkm lifted their price target on Live Nation Entertainment from $120.
00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Rosenblatt Securities restated a “buy” rating and issued a $123.
00 target price on shares of Live Nation Entertainment in a research note on Thursday, August 15th. Finally, Guggenheim upped their price target on Live Nation Entertainment from $130.00 to $146.
00 and gave the company a “buy” rating in a research report on Tuesday. Read Our Latest Stock Analysis on LYV Insider Buying and Selling Institutional Investors Weigh In On Live Nation Entertainment Large investors have recently modified their holdings of the stock. Brooklyn Investment Group purchased a new stake in Live Nation Entertainment in the third quarter worth about $31,000.
Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Live Nation Entertainment by 119.5% in the 2nd quarter.
Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock valued at $34,000 after purchasing an additional 202 shares during the period. Reston Wealth Management LLC bought a new stake in shares of Live Nation Entertainment during the third quarter valued at approximately $41,000.
Cromwell Holdings LLC grew its stake in Live Nation Entertainment by 25.7% in the third quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after purchasing an additional 88 shares during the period.
Finally, UMB Bank n.a. lifted its position in Live Nation Entertainment by 67.
4% during the second quarter. UMB Bank n.a.
now owns 437 shares of the company’s stock valued at $41,000 after buying an additional 176 shares during the period. Institutional investors own 74.52% of the company’s stock.
Live Nation Entertainment Trading Up 1.7 % NYSE LYV opened at $129.21 on Tuesday.
The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 6.
10. The business has a fifty day simple moving average of $112.06 and a 200 day simple moving average of $100.
35. Live Nation Entertainment has a 12 month low of $81.38 and a 12 month high of $130.
76. The firm has a market capitalization of $29.76 billion, a P/E ratio of 137.
46, a PEG ratio of 3.15 and a beta of 1.33.
Live Nation Entertainment ( NYSE:LYV – Get Free Report ) last released its quarterly 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. Live Nation Entertainment had a net margin of 2.
11% and a return on equity of 77.62%. The company had revenue of $7.
65 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same period last year, the firm earned $1.
78 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis.
On average, analysts predict that Live Nation Entertainment will post 1.18 EPS for the current fiscal year. Live Nation Entertainment Company Profile ( Get Free Report 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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