Live Nation Entertainment (NYSE:LYV) Price Target Raised to $150.00 at JPMorgan Chase & Co.

Live Nation Entertainment (NYSE:LYV) had its price objective increased by JPMorgan Chase & Co. from $137.00 to $150.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts also recently commented on LYV. Deutsche Bank Aktiengesellschaft lifted their target price on Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Guggenheim raised their target price on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Benchmark upped their price target on shares of Live Nation Entertainment from $132.00 to $144.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Citigroup increased their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.33.

Live Nation Entertainment Stock Up 0.9 %

Shares of Live Nation Entertainment stock opened at $135.84 on Thursday. The business has a 50-day moving average price of $125.29 and a 200 day moving average price of $106.07. Live Nation Entertainment has a fifty-two week low of $86.67 and a fifty-two week high of $141.18. The firm has a market cap of $31.56 billion, a P/E ratio of 144.51, a P/E/G ratio of 3.65 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.08. The business had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The business’s revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. On average, sell-side analysts forecast that Live Nation Entertainment will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LYV. Select Equity Group L.P. lifted its holdings in Live Nation Entertainment by 12.3% in the 2nd quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company’s stock valued at $1,213,053,000 after acquiring an additional 1,415,173 shares during the last quarter. D1 Capital Partners L.P. lifted its stake in Live Nation Entertainment by 44.6% during the second quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company’s stock valued at $332,171,000 after purchasing an additional 1,093,000 shares during the last quarter. ValueAct Holdings L.P. bought a new stake in Live Nation Entertainment during the third quarter worth approximately $111,094,000. PointState Capital LP acquired a new position in Live Nation Entertainment in the third quarter worth approximately $102,762,000. Finally, Vulcan Value Partners LLC increased its holdings in shares of Live Nation Entertainment by 46.5% in the second quarter. Vulcan Value Partners LLC now owns 2,694,463 shares of the company’s stock valued at $252,663,000 after buying an additional 855,197 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

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.