Live Nation Entertainment (NYSE:LYV) Receives Buy Rating from TD Cowen

TD Cowen reissued their buy rating on shares of Live Nation Entertainment (NYSE:LYV) in a research note released on Tuesday morning, Benzinga reports. TD Cowen currently has a $108.00 price target on the stock.

A number of other equities research analysts have also weighed in on LYV. Oppenheimer boosted their price objective on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an outperform rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price objective on Live Nation Entertainment from $124.00 to $126.00 and gave the stock an overweight rating in a research report on Friday, February 23rd. Roth Mkm upgraded Live Nation Entertainment from a neutral rating to a buy rating and boosted their price objective for the stock from $92.00 to $114.00 in a research report on Friday, January 12th. Rosenblatt Securities cut their target price on Live Nation Entertainment from $124.00 to $119.00 and set a buy rating on the stock in a report on Thursday, April 11th. Finally, Morgan Stanley lifted their target price on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an overweight rating in a report on Friday, February 23rd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Live Nation Entertainment currently has an average rating of Moderate Buy and a consensus price target of $115.70.

Live Nation Entertainment Trading Up 0.4 %

Shares of LYV opened at $89.98 on Tuesday. Live Nation Entertainment has a 52-week low of $64.96 and a 52-week high of $107.24. The business’s fifty day moving average is $99.01 and its 200-day moving average is $91.39. The company has a debt-to-equity ratio of 9.30, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 67.65 and a beta of 1.30.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $4.72 billion. Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. Equities analysts anticipate that Live Nation Entertainment will post 1.63 EPS for the current fiscal year.

Insider Activity

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $100.50, for a total value of $100,600.50. Following the transaction, the director now directly owns 59,374 shares of the company’s stock, valued at approximately $5,967,087. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mango Five Family Inc. acquired a new position in shares of Live Nation Entertainment in the 4th quarter valued at about $25,000. Providence Capital Advisors LLC raised its stake in Live Nation Entertainment by 6,674.2% during the 1st quarter. Providence Capital Advisors LLC now owns 2,100 shares of the company’s stock worth $30,000 after buying an additional 2,069 shares during the period. Financial Management Professionals Inc. acquired a new position in Live Nation Entertainment during the 3rd quarter worth approximately $31,000. Creative Financial Designs Inc. ADV raised its stake in Live Nation Entertainment by 148.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the period. Finally, Raleigh Capital Management Inc. acquired a new position in Live Nation Entertainment during the 3rd quarter worth approximately $33,000. 74.52% of the stock is owned by institutional investors and hedge funds.

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.