Shares of Live Nation Entertainment, Inc. (NYSE:LYV – Get Rating) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $124.11.
A number of research analysts recently commented on LYV shares. William Blair reaffirmed an “outperform” rating on shares of Live Nation Entertainment in a research report on Friday, April 8th. StockNews.com started coverage on shares of Live Nation Entertainment in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Rosenblatt Securities began coverage on shares of Live Nation Entertainment in a research report on Monday, April 25th. They set a “buy” rating and a $138.00 price objective on the stock. Wolfe Research decreased their target price on shares of Live Nation Entertainment from $145.00 to $119.00 and set an “outperform” rating for the company in a research report on Thursday, June 2nd. Finally, Morgan Stanley decreased their target price on shares of Live Nation Entertainment from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, June 2nd.
In related news, CEO Michael Rapino sold 78,000 shares of the company’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $115.92, for a total transaction of $9,041,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 858,000 shares of company stock valued at $92,622,660. 4.01% of the stock is owned by insiders.
LYV stock opened at $81.94 on Tuesday. Live Nation Entertainment has a 52-week low of $74.23 and a 52-week high of $127.75. The company’s 50 day simple moving average is $94.42 and its 200-day simple moving average is $106.94. The firm has a market capitalization of $18.69 billion, a P/E ratio of -39.78 and a beta of 1.29.
Live Nation Entertainment (NYSE:LYV – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.59. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the firm earned ($1.44) EPS. The firm’s revenue was up 520.4% compared to the same quarter last year. Equities research analysts predict that Live Nation Entertainment will post 0.49 EPS for the current fiscal year.
About Live Nation Entertainment (Get Rating)
Live Nation Entertainment, Inc operates as a live entertainment company. 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; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists.
- Get a free copy of the StockNews.com research report on Live Nation Entertainment (LYV)
- Are These Cheap Copper Stocks Right For Your Portfolio?
- Zai Lab Stock Has Fallen to Value Levels
- It’s A Comfortable Time To Buy Steelcase
- Worthington Posts Strong Results, But Earnings Fall On One-Off Adjustments
- A Tasty Entry Point Into Darden Restaurants International
Receive News & Ratings for Live Nation Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.