Las Vegas Sands Corp. (NYSE:LVS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage currently has a $71.00 target price on the casino operator’s stock. Zacks Investment Research‘s target price suggests a potential upside of 15.11% from the company’s previous close.

According to Zacks, “Las Vegas Sands’ efforts to boost tourism and traffic in Macao are yielding results, and the company’s portfolio therein is experiencing strong visitation of late. Focus on diversification and growth in the mass and non-gaming market also bode well and should aid margins. Going forward, the company is positive on its Cotai Strip portfolio of properties, buoyed by the addition of The Parisian Macao. High occupancy rates in the Las Vegas properties are also likely to continue driving growth. However, its shares have underperformed the industry in the past six months. Even so, upward estimate revisions raise optimism. Also, the company has mostly positive record of earnings surprises in recent quarters. Going forward, the stock is likely to continue benefiting from improving gaming trends in Macao and solid Las Vegas business, Yet, another corruption crackdown might affect Macao’s recovery and, in turn, hamper performance.”

LVS has been the topic of several other research reports. Stifel Nicolaus reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, September 3rd. UBS AG reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Instinet reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, July 17th. Telsey Advisory Group boosted their target price on shares of Las Vegas Sands Corp. from $64.00 to $66.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Finally, CLSA reissued a “buy” rating on shares of Las Vegas Sands Corp. in a report on Wednesday, July 5th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $64.66.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 0.62% during trading on Friday, hitting $61.30. The stock had a trading volume of 219,711 shares. The company’s 50 day moving average price is $63.22 and its 200 day moving average price is $61.04. The company has a market capitalization of $48.55 billion, a price-to-earnings ratio of 23.85 and a beta of 1.76. Las Vegas Sands Corp. has a 52 week low of $51.35 and a 52 week high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 EPS for the quarter, beating the consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. Las Vegas Sands Corp.’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts predict that Las Vegas Sands Corp. will post $2.76 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Global X Management Co. LLC boosted its position in Las Vegas Sands Corp. by 8.3% during the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after buying an additional 126 shares during the period. Ffcm LLC boosted its position in Las Vegas Sands Corp. by 90.9% during the second quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock valued at $153,000 after buying an additional 1,160 shares during the period. State of Alaska Department of Revenue boosted its position in Las Vegas Sands Corp. by 24.4% during the second quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock valued at $166,000 after buying an additional 510 shares during the period. Point72 Asia Hong Kong Ltd boosted its position in Las Vegas Sands Corp. by 87.2% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,994 shares of the casino operator’s stock valued at $171,000 after buying an additional 1,395 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Las Vegas Sands Corp. by 143.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock valued at $174,000 after buying an additional 1,610 shares during the period. Institutional investors and hedge funds own 38.01% of the company’s stock.

About Las Vegas Sands Corp.

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.

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

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