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.
LYV was given price targets by several analysts. The highest price target was 40, implying potential capital gains of 7.93 percent. The most pessimistic price target was 36, implying a possible loss of -2.86 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 2.94 percent. The average change in earnings estimates over the last 90 days is 45.56 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 7.75 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -23.68 percent.
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 made negative revisions to their fiscal year's estimates.
In the trailing 52-weeks, LYV hit 37.73 at the highest peak, while it's lowest trading point was 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.