Live Nation Entertainment (NYSE:LYV) Stock Rating Reaffirmed by Benchmark

Benchmark reissued their buy rating on shares of Live Nation Entertainment (NYSE:LYV) in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has a $132.00 price objective on the stock.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft boosted their price target on Live Nation Entertainment from $120.00 to $121.00 and gave the company a buy rating in a research note on Monday, May 6th. Macquarie reissued an outperform rating and set a $125.00 target price on shares of Live Nation Entertainment in a research note on Wednesday. Oppenheimer reaffirmed an outperform rating and issued a $110.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, June 25th. JPMorgan Chase & Co. reduced their target price on Live Nation Entertainment from $126.00 to $116.00 and set an overweight rating for the company in a research note on Wednesday, May 29th. Finally, Roth Mkm reiterated a buy rating and issued a $120.00 price target on shares of Live Nation Entertainment in a report on Friday, May 24th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $118.08.

Live Nation Entertainment Trading Up 1.6 %

NYSE:LYV opened at $96.17 on Wednesday. Live Nation Entertainment has a 52 week low of $76.48 and a 52 week high of $107.24. The company has a debt-to-equity ratio of 10.83, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s fifty day moving average is $93.57 and its 200-day moving average is $94.96. The firm has a market cap of $22.09 billion, a P/E ratio of 91.59, a P/E/G ratio of 2.12 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.03). The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $6.02 billion. Live Nation Entertainment had a return on equity of 81.82% and a net margin of 2.20%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.02 earnings per share. Equities analysts expect that Live Nation Entertainment will post 1.27 earnings per share for the current year.

Institutional Trading of Live Nation Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in LYV. YHB Investment Advisors Inc. purchased a new stake in Live Nation Entertainment in the 1st quarter valued at about $32,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Live Nation Entertainment by 119.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock worth $34,000 after acquiring an additional 202 shares during the period. Rise Advisors LLC boosted its position in Live Nation Entertainment by 90.3% in the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after purchasing an additional 159 shares during the last quarter. Lindbrook Capital LLC grew its stake in Live Nation Entertainment by 44.1% in the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock valued at $41,000 after purchasing an additional 119 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Live Nation Entertainment by 67.4% during the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $41,000 after purchasing an additional 176 shares during the last quarter. 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.