Jefferies Believes Live Nation Entertainment (NYSE: LYV) Still Has Room to Grow

By Ryan Adsit

Jefferies analyst John Janedis reiterated a Buy rating on Live Nation Entertainment (NYSE: LYV) today and set a price target of $36. The company’s shares closed last Friday at $35.39, close to its 52-week high of $35.43.

According to, Janedis is a 5-star analyst with an average return of 8.8% and a 66.8% success rate. Janedis covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Madison Square Garden Co, and Charter Communications.

Live Nation Entertainment has an analyst consensus of Strong Buy, with a price target consensus of $37.

The company has a one year high of $35.43 and a one year low of $22.20. Currently, Live Nation Entertainment has an average volume of 1.14M.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Last month, James Kahan, a Director at LYV sold 10,000 shares for a total of $340,100.

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Live Nation Entertainment, Inc. is an entertainment company, which engages in producing, marketing, and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship and Advertising, Ticketing, and Artist Nation. The Concerts segment involves in the promotion of live music events in owned or operated and in rented third-party venues. The Sponsorship and Advertising segment offers sales force that creates and maintains relationships with sponsors through a combination of international, national, and local opportunities that allow businesses to reach customers through concerts, venue, festivals and ticketing assets, including advertising on websites. The Ticketing segment includes selling of tickets for events on behalf of clients and retains a fee, or service charge for these services. The Artist Nation consists of management services to music artists and clients in exchange for a commission on the earnings of these artists. The company was founded on August 2, 2005 and is headquartered in Beverly Hills, CA.