Las Vegas Sands Corp. PT Raised to $80.00 (LVS)
Stock analysts at Deutsche Bank hoisted their price objective on shares of Las Vegas Sands Corp. (NYSE:LVS) from $73.00 to $80.00 in a report issued on Friday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 12.72% from the stock’s previous close.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 2.25% on Friday, hitting $72.57. 7,036,768 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 $71.00. The stock has a 50-day moving average of $64.44 and a 200-day moving average of $57.89. The company has a market cap of $59.796 billion and a P/E ratio of 31.13. Las Vegas Sands Corp. also was the recipient of some unusual options trading activity on Tuesday. Traders acquired 79,902 call options on the company. This is an increase of 243% compared to the average daily volume of 23,306 call options.
Las Vegas Sands Corp. (NYSE:LVS) last released its earnings data on Thursday, October 17th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, analysts predict that Las Vegas Sands Corp. will post $2.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.97%.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their EPS on shares of Las Vegas Sands Corp. in a research note to investors on Friday. They now have an “outperform” rating and a $80.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. set a $80.00 price target on shares of Las Vegas Sands Corp. in a research note to investors on Friday. Finally, analysts at Stifel Nicolaus raised their price target on shares of Las Vegas Sands Corp. from $76.00 to $84.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $71.13.
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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