Las Vegas Sands Corp. Earns “Buy” Rating from Deutsche Bank (LVS)
Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Thursday. They currently have a $74.00 price target on the stock, down from their previous price target of $84.00. Deutsche Bank’s price objective suggests a potential upside of 16.44% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Argus downgraded shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research note on Thursday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Friday, August 29th. They now have a $71.00 price target on the stock. Finally, 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. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $81.40.
Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 63.54 on Thursday. Las Vegas Sands Corp. has a one year low of $58.03 and a one year high of $88.28. The stock has a 50-day moving average of $70.17 and a 200-day moving average of $76.02. The company has a market cap of $51.279 billion and a P/E ratio of 19.49. Las Vegas Sands Corp. also was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 20,278,005 shares, a growth of 20.0% from the July 31st total of 16,899,545 shares. Based on an average trading volume of 5,806,616 shares, the days-to-cover ratio is presently 3.5 days. Approximately 5.4% of the shares of the stock are short sold.
Las Vegas Sands Corp. (NYSE:LVS) last released its earnings data on Wednesday, July 16th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts expect that Las Vegas Sands Corp. will post $3.70 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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