Las Vegas Sands Corp. Given New $86.00 Price Target at Deutsche Bank (LVS)
Investment analysts at Deutsche Bank reduced their price target on shares of Las Vegas Sands Corp. (NYSE:LVS) from $88.00 to $86.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 13.32% from the company’s current price.
In other Las Vegas Sands Corp. news, COO John Caparella sold 22,840 shares of the company’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $76.24, for a total transaction of $1,741,321.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on LVS. Analysts at Buckingham Research initiated coverage on shares of Las Vegas Sands Corp. in a research note on Friday, June 27th. They set a “neutral” rating and a $73.00 price target on the stock. Separately, 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, June 25th. They now have a “market perform” rating on the stock. Finally, 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, June 23rd. They now have a “positive” rating on the stock. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $81.57.
Las Vegas Sands Corp. (NYSE:LVS) traded up 1.08% during mid-day trading on Wednesday, hitting $75.89. 2,959,155 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a one year low of $52.90 and a one year high of $88.28. The stock’s 50-day moving average is $75.30 and its 200-day moving average is $78.12. The company has a market cap of $61.833 billion and a P/E ratio of 24.63. Las Vegas Sands Corp. also saw a significant growth in short interest in 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. Currently, 4.7% of the company’s shares are sold short. Based on an average daily trading volume, of 5,186,153 shares, the days-to-cover ratio is currently 3.4 days.
Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results 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. Analysts expect that Las Vegas Sands Corp. will post $3.90 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.
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.