Live Nation Entertainment (NYSE:LYV) Price Target Raised to $122.00 at Deutsche Bank Aktiengesellschaft

Live Nation Entertainment (NYSE:LYV) had its price objective raised by Deutsche Bank Aktiengesellschaft from $121.00 to $122.00 in a report published on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

LYV has been the topic of a number of other reports. Benchmark reaffirmed a buy rating and set a $132.00 price target on shares of Live Nation Entertainment in a research report on Wednesday. Macquarie restated an outperform rating and issued a $125.00 target price on shares of Live Nation Entertainment in a research report on Wednesday. Oppenheimer reaffirmed an outperform rating and issued a $110.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, June 25th. Morgan Stanley restated an overweight rating and issued a $120.00 price target on shares of Live Nation Entertainment in a research report on Wednesday, June 12th. Finally, Roth Mkm reissued a buy rating and issued a $120.00 price objective on shares of Live Nation Entertainment in a research note on Friday, May 24th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $118.17.

Live Nation Entertainment Stock Performance

Shares of LYV traded down $2.47 during trading hours on Thursday, hitting $90.51. The company had a trading volume of 1,182,159 shares, compared to its average volume of 2,210,888. Live Nation Entertainment has a 12 month low of $76.48 and a 12 month high of $107.24. The firm has a market cap of $21.01 billion, a price-to-earnings ratio of 88.55, a PEG ratio of 2.14 and a beta of 1.34. The business has a fifty day moving average of $93.56 and a 200-day moving average of $94.95. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 10.83.

Live Nation Entertainment (NYSE:LYV) last announced its 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). Live Nation Entertainment had a return on equity of 81.82% and a net margin of 2.20%. The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.02 billion. Live Nation Entertainment’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.02 EPS. Equities analysts anticipate that Live Nation Entertainment will post 1.28 EPS for the current fiscal year.

Institutional Trading of Live Nation Entertainment

Large investors have recently made changes to their positions in the company. YHB Investment Advisors Inc. bought a new position in shares of Live Nation Entertainment in the first quarter valued at approximately $32,000. Rise Advisors LLC raised its holdings in shares of Live Nation Entertainment by 90.3% in the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock valued at $35,000 after purchasing an additional 159 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position 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 valued at $34,000 after buying an additional 202 shares during the period. Lindbrook Capital LLC increased its holdings in Live Nation Entertainment by 44.1% during the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after buying an additional 119 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Live Nation Entertainment by 67.4% in the second quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $41,000 after acquiring an additional 176 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Company Profile

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.