Analyst Ratings for Live Nation Entertainment Inc. (LYV)Updated: 2017-07-27
An average rating of Buy has been given to Live Nation Entertainment Inc. (NYSE:LYV) by analysts covering the stock. A consensus rating of Buy was previously issued for LYV last month.
Of the 12 analysts covering the stock, 10 gave it a buy rating, 0 gave an overweight rating, 2 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. During this time, the number of analysts bearish on the stock has increased by 0.
A number of analysts gave price targets for LYV. The most optimistic analyst gave a price target of 40, implying a possible profit of 7.93 percent. The most pessimistic price target was 36, which equates to a potential downside of -2.86 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 2.94 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 45.56 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 7.75 percent. If we look at the last 90 days instead, we find a net average change of -23.68 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 2 analysts that decreased their estimates. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
LYV has a 52-week high of 37.73 and a 52-week low of 25.56. Today's price is 44.99 percent above the 52-week low, and 1.78 percent below the high. LYV has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The LYV value stock report compares LYV to some of its peers using value stock charts. The stock has a market capitalization of $7.54 billion. LYV will post this quarters earnings in days, on 0000-00-00.