You should consider shares of Live Nation Entertainment Inc. (NYSE:LYV) and Owens-Illinois Inc. (NYSE:OI) if you are looking for a great stocks to invest in. Starting with the LYV shares, which traded at $69.16 at the close of the recent session, gaining 0.22%. On Tuesday, the company’s shares shed $0.15 from its value which represented in intraday trading. The stock is now 24.21% higher in year-to-date (YTD) trading. LYV’s intraday high was $69.39 while its lowest price touched $67.82. The stock’s 52-week high price is $73.71, which means the current price is at -6.18%. In terms of trading activity, the daily trading volume rose to 1457090 against 200-day average trading volume of 1,191,119 shares.
What are analyst forecasts for Live Nation Entertainment Inc. (NYSE:LYV)?
At a consensus rating of 4.27, LYV is trending as a streaking Moderate Buy, as it has been the case a month ago when 13 analysts called it a Moderate Buy. Two months ago, 12 analysts recommended, on average, that LYV stock is a Moderate Buy. The Services company’s shares’ overall bullish trend saw it close higher on Tuesday compared to its opening price of $68.23 on the day.
Forecasts for Live Nation Entertainment Inc. (NYSE:LYV) give the stock a fair value for the growth of 12.46% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $79.00, which means the price per share could rise by nearly $9.84. The price range target is between a low of $63.00 and a high of $85.00. The stock would need to gain by about $18.64 to hit the estimated high or 0.67% from its 12-month low.
The consensus among 15 analysts is that it is a good time for one to Overweight in the Live Nation Entertainment Inc. 10 analysts rate LYV as a Buy, with 1 of 15 analysts rate it as a Sell. 1 have valued the stock as Overweight and 3 have recommended that investors Hold.
Live Nation Entertainment Inc. (NYSE:LYV) Upgrades and Downgrades
In terms of rating changes, Evercore ISI on November 12, 2019, Upgrade Live Nation Entertainment Inc. (LYV) at Outperform. Analysts at Morgan Stanley have assigned a Equal-Weight rating for the stock in their research note on October 08, 2019 with an estimated price target of $75. Moreover, Jefferies analysts issued a rating of Buy for the stock on October 02, 2019, giving it a price target of $84 for the next 12 months. On June 28, 2019, the stock earned a Sell rating due to an analyst call from Citigroup, while analysts from Atlantic Equities on June 11, 2019 suggested that the stock is Overweight.
Owens-Illinois Inc. (NYSE:OI) adds -$0.23 on Tuesday
The OI stock has tanked -44.14% year-to-date and is currently trading at $9.63, which is -53.66% below its 52-week high. The company shares lost -2.33% on the day and have risen nearly 16.59% off a low hit. At current levels, Owens-Illinois Inc. has a valuation of about $6.70B. As of 12/03/19, this stock has risen 0.84% during the week and closed at $9.86 in the previous session. However, recent Owens-Illinois Inc. stock performance shows that OI shares are 10.18% up over the last month, and -2.92% down for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0.62, with the trailing 12-month share earnings at -$3.52. The ratio is expected to be down by -18.70% for the current year 2019 and 0.50% for next year. Over the next 5-year period, earnings per share will be 2.02%. But will the OI stock surprise in the current quarter results, where the $0.54 actual EPS reported on 9/29/2019 surprised by -1.80% or was lower by -$0.01 from the estimated $0.55.
Sales Growth to climb 0.10% for the year
How well will Owens-Illinois Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $1.55B and $1.67B in current quarter sales. The consensus estimated for the current quarter is $1.62B from sales. Forecasts for this fiscal year are between $6.61B and $6.74B and the consensus estimate for sales is at $6.68B. OI has its next quarter sales estimates at between $1.61B and $1.67B, with the quarter-over-quarter growth estimates at -0.40% and the annual growth forecast for the year at 0.10%.
Who owns shares in Owens-Illinois Inc. (OI)?
Let’s briefly focus on the share ownership of the Owens-Illinois Inc. (NYSE:OI) stock, where we find that 95.59% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 15.05 million shares or 9.67% of shares outstanding. Blackrock Inc. and Russell Investments Group, Ltd. held 14.41 million and 11.6 million representing 9.26% and 7.45% respectively at the close of the last trading session. As of Sep 29, 2019, First Pacific Advisors, LP accounted for 10.1 million shares at over 103.75 million. This represented 6.49% of shares outstanding. Atlantic Investment Management, Inc. held 7.25 million shares at over 74.41 million representing 4.66% of shares outstanding.
OI Insider Activity
On 3/07/2019, President & Chief Executive Officer by the name Lopez Andres Alberto sold 156708.0 shares worth $3.2 million at the price of $20.34 per share. Filings also show that Bertsch Jan A /borg/ sold a total of 48483.0 shares on 3/07/2019 valued at $986100.0. Since the last insider activity, the company’s share price has dropped -49.62%.