Las Vegas Sands Corp. Reaches New 12-Month High at $66.63 (LVS)
Las Vegas Sands Corp. (NYSE:LVS)’s share price reached a new 52-week high on Wednesday, American Banking News reports. The company traded as high as $66.63 and last traded at $65.98, with a volume of 3,709,464 shares traded. The stock had previously closed at $66.10.
A number of research firms have recently commented on LVS. Analysts at Nomura raised their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) from $69.00 to $77.00 in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) from $66.00 to $76.00 in a research note to investors on Monday, September 16th. They now have a “buy” rating on the stock. Finally, 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, September 16th. They now have a $61.00 price target on the stock, up previously from $60.00.
One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $65.36.
In other Las Vegas Sands Corp. news, EVP Robert Goldstein sold 45,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $64.58, for a total transaction of $2,906,100.00. Following the transaction, the executive vice president now directly owns 454,135 shares of the company’s stock, valued at approximately $29,328,038. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Las Vegas Sands Corp. has a 1-year low of $40.28 and a 1-year high of $66.50. The stock’s 50-day moving average is $59.29 and its 200-day moving average is $56.38. The company has a market cap of $54.415 billion and a P/E ratio of 28.99. Las Vegas Sands Corp. also saw unusually large options trading on Tuesday. Traders bought 72,384 call options on the company. This is an increase of approximately 175% compared to the typical daily volume of 26,329 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 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.
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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