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.
Many analysts weighed in on 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 analyst gave a price target of 36, implying potential capital losses of -2.86 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 2.94 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 45.56 percent. Meanwhile, fiscal year estimates have been revised upwards by 7.75 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -23.68 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, while 2 analysts made negative revisions. Over the same time period, 3 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
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 lower than its 52-week 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.