Live Nation Entertainment Inc [LYV] stock is trading at $95.60, up 0.56%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LYV shares have lost -1.62% over the last week, with a monthly amount glided 2.84%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Live Nation Entertainment Inc [NYSE: LYV] stock has seen the most recent analyst activity on May 28, 2024, when Northcoast downgraded its rating to a Neutral. Previously, Redburn Atlantic upgraded its rating to Buy on May 09, 2024, and elevated its price target to $115. On April 30, 2024, Deutsche Bank initiated with a Buy rating and assigned a price target of $120 on the stock. ROTH MKM upgraded its rating to a Buy and increased its price target to $114 on January 12, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $110 on December 14, 2023. Evercore ISI upgraded its rating to Outperform for this stock on October 26, 2023, but kept the price target unchanged to $100. In a note dated July 21, 2023, Oppenheimer initiated an Outperform rating and provided a target price of $110 on this stock.
Live Nation Entertainment Inc [LYV] stock has fluctuated between $76.48 and $107.24 over the past year. Currently, Wall Street analysts expect the stock to reach $111.89 within the next 12 months. Live Nation Entertainment Inc [NYSE: LYV] shares were valued at $95.60 at the most recent close of the market. An investor can expect a potential return of 17.04% based on the average LYV price forecast.
Analyzing the LYV fundamentals
Live Nation Entertainment Inc [NYSE:LYV] reported sales of 23.42B for the trailing twelve months, which represents a growth of 21.49%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is -21.3 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -69.85.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 94.91 points at the first support level, and at 94.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 96.08, and for the 2nd resistance point, it is at 96.57.
Ratios To Look Out For
For context, Live Nation Entertainment Inc’s Current Ratio is 0.92. As well, the Quick Ratio is 0.92, while the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 0.94 and price to earnings (TTM) ratio is 92.19.
Transactions by insiders
Recent insider trading involved HINSON JEFFREY T., Director, that happened on Mar 08 ’24 when 1001.0 shares were sold. Director, Fu Ping completed a deal on Feb 27 ’24 to sell 1500.0 shares. Meanwhile, President & CFO Berchtold Joe sold 0.12 million shares on Dec 15 ’23.
