Las Vegas Sands Corp. Given a $72.00 Price Target at JPMorgan Chase & Co. (LVS)
Investment analysts at JPMorgan Chase & Co. set a $72.00 price target on shares of Las Vegas Sands Corp. (NYSE:LVS) stock in a note issued to investors on Tuesday, American Banking News reports. JPMorgan Chase & Co.’s price target would indicate a potential upside of 17.07% from the stock’s previous close.
Las Vegas Sands Corp. (NYSE:LVS) opened at 61.50 on Tuesday. Las Vegas Sands Corp. has a 52 week low of $40.28 and a 52 week high of $61.53. The stock’s 50-day moving average is $56.68 and its 200-day moving average is $55.34. The company has a market cap of $50.674 billion and a P/E ratio of 26.97. Las Vegas Sands Corp. also was the target of unusually large options trading on Monday. Stock traders bought 26,566 call options on the stock. This represents an increase of 221% compared to the average daily volume of 8,288 call options.
Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.04. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter last year, the company posted $0.44 earnings per share. Las Vegas Sands Corp.’s revenue was up 25.6% compared to the same quarter last year. Analysts expect that Las Vegas Sands Corp. will post $2.88 EPS for the current fiscal year.
A number of other firms have also recently commented on LVS. Analysts at Citigroup Inc. raised their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) to $72.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research note to investors on Monday. They now have a $67.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) from $65.00 to $66.00 in a research note to investors on Thursday, July 25th. They now have a “positive” rating on the stock.
One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $63.40.
In other Las Vegas Sands Corp. news, Director Irwin Siegel sold 6,250 shares of Las Vegas Sands Corp. stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $56.07, for a total transaction of $350,437.50. Following the sale, the director now directly owns 15,650 shares in the company. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Las Vegas Sands Corp. is a developer of destination properties (NYSE:LVS) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.
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