Las Vegas Sands Corp. EPS Estimates Raised by Analysts at Bank of America Corp. (LVS)
Research analysts at Bank of America Corp. hoisted their earnings per share (EPS) estimates on shares of Las Vegas Sands Corp. (NYSE:LVS) in a report released on Tuesday, American Banking News.com reports. The firm currently has a “buy” rating and a $76.00 price target on the company’s shares. Bank of America Corp.’s price objective would indicate a potential upside of 15.69% from the stock’s previous close.
Las Vegas Sands Corp. (NYSE:LVS) traded down 1.93% during mid-day trading on Tuesday, hitting $64.42. 2,826,700 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a 1-year low of $40.28 and a 1-year high of $67.35. The stock’s 50-day moving average is $61.81 and its 200-day moving average is $57.23. The company has a market cap of $53.080 billion and a P/E ratio of 28.81.
Las Vegas Sands Corp. (NYSE:LVS) last released its 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 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.
A number of other analysts have also recently weighed in on LVS. Analysts at Gabelli reiterated a “positive” rating on shares of Las Vegas Sands Corp. in a research note to investors on Friday. They now have a $78.00 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research note to investors on Wednesday, October 2nd. They now have a $76.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of Las Vegas Sands Corp. from $66.00 to $75.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $66.74.
In other Las Vegas Sands Corp. news, EVP Robert Goldstein sold 53,732 shares of Las Vegas Sands Corp. stock on the open market in a transaction dated Thursday, September 26th. The shares were sold at an average price of $66.27, for a total value 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 transaction was disclosed in a document filed 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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