Live Nation Entertainment (NYSE:LYV) Price Target Raised to $175.00

Live Nation Entertainment (NYSE:LYV) had its price target boosted by Bank of America from $149.00 to $175.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price suggests a potential upside of 17.16% from the stock’s current price.

LYV has been the subject of a number of other research reports. Benchmark reaffirmed a “buy” rating and set a $160.00 target price on shares of Live Nation Entertainment in a research note on Thursday. Guggenheim increased their target price on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Morgan Stanley boosted their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Oppenheimer increased their price objective on Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. boosted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Live Nation Entertainment Price Performance

Shares of LYV stock opened at $149.37 on Monday. The business’s fifty day moving average is $139.23 and its 200 day moving average is $122.75. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock has a market cap of $34.71 billion, a price-to-earnings ratio of 54.92, a PEG ratio of 1.81 and a beta of 1.38. Live Nation Entertainment has a twelve month low of $86.81 and a twelve month high of $157.75.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. Research analysts expect that Live Nation Entertainment will post 2.38 EPS for the current fiscal year.

Institutional Trading of Live Nation Entertainment

Large investors have recently added to or reduced their stakes in the business. Measured Risk Portfolios Inc. purchased a new position in Live Nation Entertainment during the fourth quarter valued at $29,000. Brooklyn Investment Group purchased a new position in shares of Live Nation Entertainment during the 3rd quarter valued at about $31,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Live Nation Entertainment during the 4th quarter valued at approximately $40,000. Golden State Wealth Management LLC purchased a new stake in Live Nation Entertainment in the 4th quarter worth approximately $42,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Live Nation Entertainment during the 4th quarter worth approximately $44,000. 74.52% of the stock is currently owned by institutional investors.

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.