Las Vegas Sands Corp. Target of Unusually Large Options Trading (LVS)
Shares of Las Vegas Sands Corp. (NYSE:LVS) were the recipient of some unusual options trading on Tuesday. Investors acquired 25,296 put options on the stock, American Banking & Market News reports. This is an increase of 215% compared to the typical volume of 8,023 put options.
A number of research firms have recently commented on LVS. Analysts at Zacks reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Friday. They now have a $71.00 price target on the stock. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Friday, August 15th. They now have a $84.00 price target on the stock, down previously from $92.00. Finally, analysts at Craig Hallum upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $83.00 price target on the stock. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $82.29.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 5.13% during mid-day trading on Tuesday, hitting $63.10. 16,470,823 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a 1-year low of $56.99 and a 1-year high of $88.28. The stock’s 50-day moving average is $70.92 and its 200-day moving average is $76.28. The company has a market cap of $50.924 billion and a price-to-earnings ratio of 20.54.
Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.85 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.91 by $0.06. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Analysts expect that Las Vegas Sands Corp. will post $3.71 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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