Shares of Live Nation Entertainment Inc. (NYSE:LYV) have received a consensus recommendation of “Buy” from the eight analysts that are covering the firm. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $31.17.
Several research firms recently issued reports on LYV. Jefferies Group reiterated a “buy” rating and set a $31.00 target price on shares of Live Nation Entertainment in a research report on Friday, July 29th. Albert Fried & Company reiterated a “buy” rating and set a $34.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, July 26th. JPMorgan Chase & Co. began coverage on Live Nation Entertainment in a research report on Thursday, August 18th. They set an “overweight” rating and a $34.00 target price for the company. Finally, Zacks Investment Research upgraded Live Nation Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, June 11th.
Shares of Live Nation Entertainment (NYSE:LYV) opened at 27.45 on Tuesday. The firm has a 50-day moving average price of $26.57 and a 200 day moving average price of $24.11. The company’s market cap is $5.54 billion. Live Nation Entertainment has a 12 month low of $18.77 and a 12 month high of $29.68.
Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. Live Nation Entertainment had a return on equity of 0.27% and a net margin of 0.05%. The firm earned $2.20 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the business posted $0.06 earnings per share. The firm’s revenue was up 23.4% on a year-over-year basis. Equities analysts predict that Live Nation Entertainment will post ($0.10) earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. purchased a new position in Live Nation Entertainment during the second quarter valued at $115,000. Seven Eight Capital LLC raised its stake in Live Nation Entertainment by 30.8% in the first quarter. Seven Eight Capital LLC now owns 6,800 shares of the company’s stock valued at $152,000 after buying an additional 1,600 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in Live Nation Entertainment during the second quarter valued at about $204,000. LS Investment Advisors LLC raised its stake in Live Nation Entertainment by 66.0% in the second quarter. LS Investment Advisors LLC now owns 8,984 shares of the company’s stock valued at $211,000 after buying an additional 3,571 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Live Nation Entertainment by 635.2% in the second quarter. Tower Research Capital LLC TRC now owns 9,749 shares of the company’s stock valued at $229,000 after buying an additional 8,423 shares during the last quarter. Institutional investors and hedge funds own 64.04% of the company’s stock.
Live Nation Entertainment Company Profile
Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. Its segments include Concerts, Ticketing, Artist Nation, Sponsorship & Advertising, Other and Corporate.
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