Las Vegas Sands Corp. Short Interest Up 37.1% in May (LVS)
Shares of Las Vegas Sands Corp. (NYSE:LVS) saw a large increase in short interest in May. As of May 30th, there was short interest totalling 13,845,072 shares, an increase of 37.1% from the May 15th total of 10,098,189 shares, AmericanBankingNews.com reports. Approximately 3.7% of the company’s shares are sold short. Based on an average daily volume of 4,651,796 shares, the short-interest ratio is presently 3.0 days.
Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen 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 $82.85.
Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 75.37 on Monday. Las Vegas Sands Corp. has a 1-year low of $47.95 and a 1-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 $61.409 billion and a P/E ratio of 24.58.
Las Vegas Sands Corp. (NYSE:LVS) last announced its earnings results on Thursday, April 24th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. Analysts expect that Las Vegas Sands Corp. will post $3.91 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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