Las Vegas Sands Corp. Price Target Increased to $75.00 by Analysts at Argus (LVS)
Analysts at Argus raised their target price on shares of Las Vegas Sands Corp. (NYSE:LVS) from $66.00 to $75.00 in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Argus’ price target suggests a potential upside of 11.99% from the company’s current price.
Las Vegas Sands Corp. (NYSE:LVS) traded down 0.75% on Wednesday, hitting $66.47. The stock had a trading volume of 2,571,966 shares. Las Vegas Sands Corp. has a one year low of $40.28 and a one year high of $67.35. The stock’s 50-day moving average is $60.72 and its 200-day moving average is $56.8. The company has a market cap of $54.770 billion and a price-to-earnings ratio of 29.37.
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. Analysts expect that Las Vegas Sands Corp. will post $2.90 EPS for the current fiscal year.
LVS has been the subject of a number of other recent research reports. 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 research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company’s stock. Las Vegas Sands Corp. presently has an average rating of “Buy” and an average target price of $65.77.
In other Las Vegas Sands Corp. news, EVP Robert Goldstein unloaded 53,732 shares of Las Vegas Sands Corp. stock on the open market in a transaction dated Thursday, September 26th. The stock was sold at an average price of $66.27, for a total transaction of $3,560,819.64. Following the completion of the transaction, the executive vice president now directly owns 454,135 shares in the company, valued at approximately $30,095,526. 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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