Live Nation Entertainment (NYSE:LYV) Receives “Buy” Rating from Rosenblatt Securities

Live Nation Entertainment (NYSE:LYV)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a research note issued on Tuesday,Benzinga reports. They currently have a $146.00 price target on the stock. Rosenblatt Securities’ target price indicates a potential downside of 5.07% from the company’s current price.

Several other research analysts also recently weighed in on LYV. Macquarie increased their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Guggenheim raised their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group increased their target price on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Oppenheimer upped their price target on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $151.47.

Live Nation Entertainment Stock Performance

Shares of LYV opened at $153.80 on Tuesday. The firm has a market capitalization of $35.73 billion, a P/E ratio of 163.61, a PEG ratio of 1.73 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment has a one year low of $86.81 and a one year high of $153.94. The business has a fifty day moving average of $137.85 and a 200 day moving average of $120.99.

Institutional Investors Weigh In On Live Nation Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the business. Independent Franchise Partners LLP lifted its holdings in Live Nation Entertainment by 207.6% during the 4th quarter. Independent Franchise Partners LLP now owns 4,693,986 shares of the company’s stock valued at $607,871,000 after buying an additional 3,168,210 shares in the last quarter. Groupama Asset Managment purchased a new stake in shares of Live Nation Entertainment in the 4th quarter worth $259,000,000. Norges Bank purchased a new stake in Live Nation Entertainment in the fourth quarter worth about $255,955,000. ValueAct Holdings L.P. purchased a new position in Live Nation Entertainment during the 3rd quarter valued at about $111,094,000. Finally, PointState Capital LP purchased a new stake in shares of Live Nation Entertainment in the 3rd quarter worth approximately $102,762,000. 74.52% of the stock is owned by institutional investors.

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.