Las Vegas Sands Corp. PT Raised to $78.00 (LVS)
Stock analysts at UBS AG lifted their target price on shares of Las Vegas Sands Corp. (NYSE:LVS) from $68.00 to $78.00 in a report issued on Monday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s target price suggests a potential upside of 6.51% from the company’s current price.
A number of other firms have also recently commented on LVS. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Las Vegas Sands Corp. to $77.00 in a research note to investors on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note to investors on Monday. They now have a $76.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Las Vegas Sands Corp. from $73.00 to $81.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $73.08.
Las Vegas Sands Corp. (NYSE:LVS) traded up 0.98% during mid-day trading on Monday, hitting $73.23. The stock had a trading volume of 5,342,867 shares. Las Vegas Sands Corp. has a one year low of $40.28 and a one year high of $73.07. The stock’s 50-day moving average is $64.89 and its 200-day moving average is $58.01. The company has a market cap of $60.283 billion and a P/E ratio of 27.68.
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.
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 1.91%. The ex-dividend date of this dividend is Wednesday, December 18th.
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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