Traders Purchase High Volume of Las Vegas Sands Corp. Put Options (LVS)
Las Vegas Sands Corp. (NYSE:LVS) was the target of unusually large options trading on Thursday. Stock investors bought 20,125 put options on the stock, American Banking News reports. This represents an increase of approximately 149% compared to the average daily volume of 8,085 put options.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Las Vegas Sands Corp. from $65.00 to $75.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Las Vegas Sands Corp. in a research note to investors on Wednesday. They now have a $76.00 price target on the stock, up previously from $65.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Las Vegas Sands Corp. in a research note to investors on Wednesday. They now have a $75.00 price target on the stock, up previously from $65.00. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $68.96.
Las Vegas Sands Corp. (NYSE:LVS) traded up 2.07% during mid-day trading on Thursday, hitting $70.97. 5,991,459 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 $58.477 billion and a P/E ratio of 30.50.
Las Vegas Sands Corp. (NYSE:LVS) last released its earnings data on Thursday, October 17th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.08. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, analysts predict that Las Vegas Sands Corp. will post $2.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.97%.
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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