Las Vegas Sands Corp. Given Average Rating of “Buy” by Brokerages (NYSE:LVS)
Las Vegas Sands Corp. (NYSE:LVS) has received a consensus recommendation of “Buy” from the twenty-four ratings firms that are presently covering the company, Analyst Ratings Network.com reports. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $81.57.
LVS has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of Las Vegas Sands Corp. from $91.00 to $89.00 in a research note on Wednesday, July 9th. Separately, analysts at Deutsche Bank cut their price target on shares of Las Vegas Sands Corp. from $88.00 to $86.00 in a research note on Wednesday, July 9th. They now have a “buy” rating on the stock. Finally, 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.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 0.12% on Tuesday, hitting $75.043. 496,904 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a 52 week low of $52.90 and a 52 week high of $88.28. The stock’s 50-day moving average is $75.33 and its 200-day moving average is $78.06. The company has a market cap of $61.142 billion and a price-to-earnings ratio of 24.59.
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 $3.88 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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