Live Nation Entertainment (NYSE:LYV) shares traded 0.74% up during most recent session to reach at the closing price of $64.94. The stock exchanged hands 665311 shares versus average trading capacity of 1.3 Million shares, yielding a market cap of $13.73 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $65 within the next 52-weeks. The mean target projections are based on 8 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Live Nation Entertainment (NYSE:LYV) high price target of $70 and with a conservative view have low price target of $60.
Evercore ISI Group “Downgrades” Live Nation Entertainment (NYSE:LYV) in a research note issued to investors on 4/04/19 to In-Line with price target of $0.
Additionally on 3/15/19 Citigroup “Downgrades” Live Nation Entertainment (NYSE:LYV) to Neutral setting price target at $63 and on 11/02/18 JP Morgan “Maintained” the stock to Overweight at $60. Furthermore on 7/27/18 Jefferies “Maintained” the stock to Buy at $60.
On the other hand the company has Relative Strength Index (RSI 14) of 64.59 along with Average True Range (ATR 14) of 1.21, Consequently Live Nation Entertainment (NYSE:LYV)’s weekly and monthly volatility is 1.69%, 1.83% respectively. The company’s beta value is at 1.15.
In terms of Buy, Sell or Hold recommendations, Live Nation Entertainment (NYSE:LYV) has analysts’ mean recommendation of 1.8. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Live Nation Entertainment (NYSE:LYV)’s minimum EPS for the current quarter is at $-0.46 and can go high up to $-0.19. The consensus mean EPS for the current quarter is at $-0.32 derived from a total of 9 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.24 earnings per share for the same quarter during last year.
Previously Live Nation Entertainment (NYSE:LYV) reported $-0.8 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.74 by $-0.06. The company posted an earnings surprise of -8.1%.
Live Nation Entertainment (NYSE:LYV)’s revenue estimates for the current quarter are $1.59 Billion according to 8 number of analysts, for the current quarter the company has high revenue estimates of $1.66 Billion in contradiction of low revenue estimates of $1.54 Billion. For the current year the company’s revenue estimates are $11.73 Billion compared to low analyst estimates of $11.45 Billion and high estimates of $12.02 Billion according to 9 number of analysts.
Currently Live Nation Entertainment (NYSE:LYV)’s shares owned by insiders are 1.1%, whereas shares owned by institutional owners are 71.5%. However the six-month change in the insider ownership was recorded -13.57%, as well as three-month change in the institutional ownership was recorded 0.18%.
Live Nation Entertainment (NYSE:LYV)’s trailing twelve month revenues are $10.79 Billion, whereas its price to sales ratio for the same period is 1.27. Its book value per share for the most recent quarter is $5.28 while its price to book ratio for the same period is 12.3, as for as the company’s cash per share for the most recent quarter is $11.22, however its price to cash per share ratio for the same period is 5.79. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.