Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “buy” rating reiterated by stock analysts at Bank of America Corporation in a research note issued to investors on Friday. They presently have a $67.00 price objective on the casino operator’s stock, up from their prior price objective of $65.00. Bank of America Corporation’s price objective would suggest a potential upside of 7.79% from the company’s previous close.

Several other brokerages have also issued reports on LVS. Instinet reissued a “neutral” rating and set a $54.00 target price (up from $50.00) on shares of Las Vegas Sands Corp. in a research note on Monday, June 19th. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Tuesday, June 27th. Wells Fargo & Company reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Stifel Nicolaus reissued a “buy” rating and set a $66.00 target price on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Finally, Vetr lowered shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 target price on the stock. in a research note on Monday, June 5th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $62.20.

Shares of Las Vegas Sands Corp. (NYSE LVS) traded up 0.77% during trading on Friday, reaching $62.64. 169,051 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $63.38 and its 200-day moving average price is $57.65. The stock has a market cap of $49.74 billion, a PE ratio of 27.23 and a beta of 1.81. Las Vegas Sands Corp. has a 52-week low of $46.68 and a 52-week high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Wednesday, April 26th. The casino operator reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.04. Las Vegas Sands Corp. had a net margin of 15.51% and a return on equity of 26.93%. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the firm posted $0.45 EPS. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities research analysts forecast that Las Vegas Sands Corp. will post $2.61 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Gradient Investments LLC purchased a new position in shares of Las Vegas Sands Corp. during the first quarter valued at approximately $6,525,000. Bank of Montreal Can boosted its stake in Las Vegas Sands Corp. by 2.1% in the first quarter. Bank of Montreal Can now owns 442,373 shares of the casino operator’s stock valued at $25,245,000 after buying an additional 9,306 shares during the period. National Pension Service boosted its stake in Las Vegas Sands Corp. by 14.1% in the first quarter. National Pension Service now owns 379,821 shares of the casino operator’s stock valued at $21,661,000 after buying an additional 46,882 shares during the period. Vontobel Asset Management Inc. boosted its stake in Las Vegas Sands Corp. by 29.8% in the first quarter. Vontobel Asset Management Inc. now owns 5,646,362 shares of the casino operator’s stock valued at $327,900,000 after buying an additional 1,297,306 shares during the period. Finally, Dynamic Advisors Solutions LLC bought a new stake in Las Vegas Sands Corp. during the first quarter valued at $4,098,000. 38.25% of the stock is currently owned by institutional investors.

Las Vegas Sands Corp. Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

Analyst Recommendations for Las Vegas Sands Corp. (NYSE:LVS)

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