ISI Group Downgrades Las Vegas Sands Corp. to Neutral (LVS)
Las Vegas Sands Corp. (NYSE:LVS) was downgraded by equities research analysts at ISI Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
LVS has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research note to investors on Thursday. They now have a $67.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) from $65.00 to $73.00 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Finally, analysts at UBS AG set a $68.00 price target on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $65.19.
Las Vegas Sands Corp. (NYSE:LVS) traded up 1.34% during mid-day trading on Monday, hitting $64.39. 1,626,402 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a 52-week low of $40.28 and a 52-week high of $63.98. The stock’s 50-day moving average is $57.58 and its 200-day moving average is $55.64. The company has a market cap of $53.056 billion and a P/E ratio of 27.87. Las Vegas Sands Corp. also saw some unusual options trading on Friday. Stock investors purchased 13,545 put options on the stock. This is an increase of 104% compared to the typical daily volume of 6,650 put 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 (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 prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. On average, analysts predict that Las Vegas Sands Corp. will post $2.89 earnings per share for the current fiscal year.
In other Las Vegas Sands Corp. news, EVP Robert G. Goldstein sold 81,268 shares of Las Vegas Sands Corp. stock on the open market in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $63.67, for a total transaction of $5,174,333.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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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