Las Vegas Sands Corp. Price Target Increased to $93.00 by Analysts at Susquehanna (LVS)
Equities researchers at Susquehanna hoisted their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) from $82.00 to $93.00 in a research report issued on Tuesday, Stock Ratings Network reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price suggests a potential upside of 17.47% from the stock’s previous close.
Las Vegas Sands Corp. (NYSE:LVS) traded up 1.43% during mid-day trading on Tuesday, hitting $80.30. 3,416,715 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a 1-year low of $47.95 and a 1-year high of $81.85. The stock’s 50-day moving average is $76.57 and its 200-day moving average is $65.72. The company has a market cap of $66.103 billion and a price-to-earnings ratio of 30.22.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. raised their EPS on shares of Las Vegas Sands Corp. in a research note to investors on Monday. They now have a “buy” rating and a $95.00 price target on the stock. Separately, analysts at FBR Capital Markets downgraded shares of Las Vegas Sands Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. They now have a $85.00 price target on the stock, up previously from $80.00. Finally, analysts at Nomura reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research note to investors on Tuesday, January 7th. They now have a $80.00 price target on the stock, down previously from $93.00. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have issued a buy rating to the company. Las Vegas Sands Corp. currently has an average rating of “Buy” and a consensus price target of $76.32.
In other Las Vegas Sands Corp. news, EVP Robert Goldstein unloaded 96,535 shares of Las Vegas Sands Corp. stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $78.68, for a total transaction of $7,595,373.80. Following the completion of the sale, the executive vice president now directly owns 370,628 shares in the company, valued at approximately $29,161,011. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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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