Las Vegas Sands Corp. Price Target Lowered to $89.00 at Susquehanna (LVS)
Susquehanna decreased their price objective on shares of Las Vegas Sands Corp. (NYSE:LVS) from $98.00 to $89.00 in a research note issued on Monday. The firm currently has a “positive” rating on the stock. Susquehanna’s price target would suggest a potential upside of 18.08% from the company’s current price.
LVS has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Las Vegas Sands Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, June 13th. They now have a $76.00 price target on the stock. Separately, analysts at Telsey Advisory Group cut their price target on shares of Las Vegas Sands Corp. from $88.00 to $84.00 in a research note on Monday, June 9th. They now have a “not rated” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Las Vegas Sands Corp. in a research note on Thursday, June 5th. They now have a $90.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $82.40.
Las Vegas Sands Corp. (NYSE:LVS) traded down 0.93% on Monday, hitting $74.6699. The stock had a trading volume of 1,535,084 shares. Las Vegas Sands Corp. has a one year low of $47.95 and a one year high of $88.28. The stock has a 50-day moving average of $75.15 and a 200-day moving average of $78.09. The company has a market cap of $60.838 billion and a price-to-earnings ratio of 24.73. Las Vegas Sands Corp. also was the recipient of a significant growth in short interest in May. As of May 30th, there was short interest totalling 13,845,072 shares, a growth of 37.1% from the May 15th total of 10,098,189 shares. Based on an average trading volume of 4,651,796 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.7% of the shares of the stock are short sold.
Las Vegas Sands Corp. (NYSE:LVS) last released its earnings data on Thursday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, analysts predict that Las Vegas Sands Corp. will post $3.91 earnings per share 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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