Live Nation Entertainment (NYSE:LYV) Price Target Raised to $103.00 at Jefferies Financial Group

Live Nation Entertainment (NYSE:LYV) had its target price boosted by Jefferies Financial Group from $99.00 to $103.00 in a research report released on Tuesday morning, Analyst Ratings Network reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other equities analysts have also commented on the company. Zacks Investment Research upgraded Live Nation Entertainment from a sell rating to a hold rating in a research note on Wednesday, July 21st. Wolfe Research started coverage on Live Nation Entertainment in a research note on Wednesday, May 19th. They issued an outperform rating and a $97.00 price objective on the stock. Morgan Stanley lifted their price objective on Live Nation Entertainment from $75.00 to $85.00 and gave the stock an equal weight rating in a research note on Thursday, August 5th. Finally, The Goldman Sachs Group initiated coverage on Live Nation Entertainment in a research note on Thursday, July 15th. They set a buy rating and a $110.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Buy and a consensus price target of $93.33.

NYSE LYV opened at $88.68 on Tuesday. Live Nation Entertainment has a fifty-two week low of $47.97 and a fifty-two week high of $94.63. The stock’s 50-day moving average is $82.82 and its two-hundred day moving average is $84.98. The firm has a market cap of $19.42 billion, a P/E ratio of -12.98 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Tuesday, August 3rd. The company reported ($0.90) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.35) by $0.45. The company had revenue of $575.95 million for the quarter, compared to analyst estimates of $469.84 million. Live Nation Entertainment had a negative return on equity of 1,833.44% and a negative net margin of 114.44%. On average, analysts forecast that Live Nation Entertainment will post -3.4 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LYV. Comerica Bank boosted its holdings in Live Nation Entertainment by 24.2% during the first quarter. Comerica Bank now owns 33,155 shares of the company’s stock valued at $2,711,000 after purchasing an additional 6,466 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Live Nation Entertainment by 55.8% in the 1st quarter. Signaturefd LLC now owns 757 shares of the company’s stock worth $64,000 after acquiring an additional 271 shares in the last quarter. Raymond James Trust N.A. acquired a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $231,000. Commonwealth Equity Services LLC boosted its holdings in shares of Live Nation Entertainment by 44.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 36,498 shares of the company’s stock worth $3,089,000 after acquiring an additional 11,234 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $254,000. 70.59% of the stock is currently owned by institutional investors.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as an entertainment company. The firm engages in producing, marketing and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship & Advertising and Ticketing. The Concerts segment involves in the promotion of live music events in owned or operated and in rented third-party venues.

Featured Article: What are economic reports?

Analyst Recommendations for Live Nation Entertainment (NYSE:LYV)

Receive News & Ratings for Live Nation Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.