Las Vegas Sands Corp. PT Set at $68.00 by UBS AG (LVS)
Equities research analysts at UBS AG set a $68.00 price target on shares of Las Vegas Sands Corp. (NYSE:LVS) stock in a research note issued to investors on Wednesday, ARN reports. UBS AG’s target price suggests a potential upside of 7.92% from the company’s current price.
A number of other analysts have also recently weighed in on LVS. Analysts at JPMorgan Chase & Co. raised their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) from $66.00 to $72.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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.
One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.85.
Las Vegas Sands Corp. (NYSE:LVS) opened at 63.01 on Wednesday. Las Vegas Sands Corp. has a 52-week low of $40.28 and a 52-week high of $63.29. The stock has a 50-day moving average of $56.87 and a 200-day moving average of $55.43. The company has a market cap of $51.919 billion and a price-to-earnings ratio of 27.64. Las Vegas Sands Corp. also was the target of some unusual options trading activity on Monday. Traders bought 26,566 call options on the stock. This is an increase of 221% compared to the average volume of 8,288 call options.
Las Vegas Sands Corp. (NYSE:LVS) last announced its earnings results on Wednesday, July 24th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. Analysts expect that Las Vegas Sands Corp. will post $2.88 EPS for the current fiscal year.
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 shares were sold at an average price of $56.07, for a total value of $350,437.50. Following the transaction, the director now directly owns 15,650 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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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