Live Nation Entertainment Inc (LYV): Street Finally Waking Up

Currently, there are 233.30M common shares owned by the public and among those 143.80M shares have been available to trade.

The company’s stock has a 5-day price change of -10.24% and 1.78% over the past three months. LYV shares are trading -1.49% year to date (YTD), with the 12-month market performance up to 33.72% higher. It has a 12-month low price of $64.96 and touched a high of $107.24 over the same period. LYV has an average intraday trading volume of 2.20 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -11.26%, -6.24%, and 2.52% respectively.

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Institutional ownership of Live Nation Entertainment Inc (NYSE: LYV) shares accounts for 69.70% of the company’s 233.30M shares outstanding.

It has a market capitalization of $21.28B and a beta (3y monthly) value of 1.31. The stock’s trailing 12-month PE ratio is 70.21, while the earnings-per-share (ttm) stands at $1.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.55% over the week and 1.98% over the month.

Analysts forecast that Live Nation Entertainment Inc (LYV) will achieve an EPS of $Live Nation Entertainment, Inc. for the current quarter, $92.21 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $The Lion Electric Company while analysts give the company a high EPS estimate of $LyondellBasell Industries NV. Comparatively, EPS for the current quarter was $Lloyds Banking Group Plc a year ago. Earnings per share for the fiscal year are expected to increase by 33.67%, and 23.92% over the next financial year.

Looking at the support for the LYV, a number of firms have released research notes about the stock. ROTH MKM stated their Buy rating for the stock in a research note on January 12, 2024, with the firm’s price target at $92-$114. Morgan Stanley coverage for the Live Nation Entertainment Inc (LYV) stock in a research note released on December 14, 2023 offered a Overweight rating with a price target of $110. Evercore ISI was of a view on October 26, 2023 that the stock is Outperform, while Oppenheimer gave the stock Outperform rating on July 21, 2023, issuing a price target of $110. Seaport Research Partners on their part issued Buy rating on April 24, 2023.

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