Las Vegas Sands Corp. Price Target Increased to $76.00 by Analysts at Stifel Nicolaus (LVS)
Equities researchers at Stifel Nicolaus boosted their price objective on shares of Las Vegas Sands Corp. (NYSE:LVS) from $66.00 to $76.00 in a research report issued on Monday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 19.61% from the stock’s previous close.
Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 63.54 on Monday. 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 $52.355 billion and a P/E ratio of 27.87. Las Vegas Sands Corp. also was the target of unusually large options trading on Friday. Stock investors purchased 13,545 put options on the company. This represents 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 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. On average, analysts predict that Las Vegas Sands Corp. will post $2.89 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at ISI Group downgraded shares of Las Vegas Sands Corp. (NYSE:LVS) from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Separately, 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. Finally, 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.
One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $65.19.
In other Las Vegas Sands Corp. news, EVP Robert G. Goldstein sold 81,268 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $63.67, for a total transaction of $5,174,333.56. The sale 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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