Live Nation Entertainment, Inc. with ticker code (LYV) have now 17 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between 124 and 85 calculating the mean target price we have $108.76. Given that the stocks previous close was at $86.55 this would imply there is now a potential upside of 25.7%. Also worth taking note is the 50 day moving average now sits at $84.15 and the 200 day MA is $79.55. The market cap for the company is 20.16B. The stock price is currently at: 87.61 USD
The potential market cap would be $25,337,788,615 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 78.22, revenue per share of 84.47 and a 3.21% return on assets.
Live Nation Entertainment, Inc. is a live entertainment ticketing, sales, and marketing company. The Company is a producer of live music concerts. The Company operates through three segments: Concerts, Ticketing, and Sponsorship & Advertising. Concerts segment principally involves in the global promotion of live music events in the Company’s owned or operated venues and in rented third-party venues. Ticketing segment is primarily an agency business that sells tickets for events on behalf of its clients and retains a portion of the service charge as its fee. Sponsorship & Advertising segment employs a sales force that creates and maintains relationships with sponsors through a combination of strategic, international, national and local opportunities that allow businesses to reach customers through its concert, festival, venue and ticketing assets, including advertising on its websites.
