Share on StockTwits

Analysts at Buckingham Research began coverage on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $73.00 price target on the stock. Buckingham Research’s price target would suggest a potential downside of 4.89% from the stock’s previous close.

LVS has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets cut their price target on shares of Las Vegas Sands Corp. from $85.00 to $80.00 in a research note on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at Susquehanna cut their price target on shares of Las Vegas Sands Corp. from $98.00 to $89.00 in a research note on Monday. They now have a “positive” rating on the stock. Finally, 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. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Las Vegas Sands Corp. has an average rating of “Buy” and an average target price of $81.71.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 0.33% on Friday, hitting $76.50. 396,242 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a 52-week low of $50.67 and a 52-week high of $88.28. The stock’s 50-day moving average is $74.67 and its 200-day moving average is $78.13. The company has a market cap of $62.330 billion and a P/E ratio of 25.18. Las Vegas Sands Corp. also saw a large growth in short interest in the month of June. As of June 13th, there was short interest totalling 17,513,693 shares, a growth of 26.5% from the May 30th total of 13,845,072 shares. Based on an average daily trading volume, of 5,186,153 shares, the short-interest ratio is currently 3.4 days. Approximately 4.7% of the company’s shares are sold short.

Las Vegas Sands Corp. (NYSE:LVS) last released its earnings data 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 $3.91 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.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.