Las Vegas Sands Corp. Price Target Increased to $88.00 by Analysts at Telsey Advisory Group (LVS)
Telsey Advisory Group lifted their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) from $85.00 to $88.00 in a research note issued on Friday, Analyst Ratings Network reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 10.72% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Friday. They now have a $100.00 price target on the stock, up previously from $92.00. Separately, analysts at Deutsche Bank raised their price target on shares of Las Vegas Sands Corp. from $85.00 to $87.00 in a research note on Monday, April 14th. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their EPS on shares of Las Vegas Sands Corp. in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company’s stock. Las Vegas Sands Corp. has a consensus rating of “Buy” and an average target price of $82.46.
Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 79.48 on Friday. Las Vegas Sands Corp. has a 52 week low of $47.95 and a 52 week high of $88.28. The stock’s 50-day moving average is $79. and its 200-day moving average is $76.54. The company has a market cap of $64.998 billion and a price-to-earnings ratio of 28.49.
Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.93 by $0.04. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter last year, the company posted $0.72 earnings per share. Las Vegas Sands Corp.’s revenue was up 21.4% compared to the same quarter last year. Analysts expect that Las Vegas Sands Corp. will post $3.83 EPS for the current fiscal year.
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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