The stock of Las Vegas Sands Corp. (NYSE:LVS) hit a new 52-week high and has $94.60 target or 61.00% above today’s $58.76 share price. The 6 months bullish chart indicates low risk for the $47.20 billion company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $94.60 price target is reached, the company will be worth $28.79B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.27M shares traded hands. Las Vegas Sands Corp. (NYSE:LVS) has risen 19.18% since February 29, 2016 and is uptrending. It has outperformed by 6.96% the S&P500.
Analysts await Las Vegas Sands Corp. (NYSE:LVS) to report earnings on October, 19. They expect $0.59 EPS, down 10.61% or $0.07 from last year’s $0.66 per share. LVS’s profit will be $473.93M for 24.88 P/E if the $0.59 EPS becomes a reality. After $0.52 actual EPS reported by Las Vegas Sands Corp. for the previous quarter, Wall Street now forecasts 13.46% EPS growth.
Las Vegas Sands Corp. (NYSE:LVS) Ratings Coverage
Out of 13 analysts covering Las Vegas Sands (NYSE:LVS), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. Las Vegas Sands has been the topic of 28 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by CLSA on Monday, September 19. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Buy” rating by Stifel Nicolaus on Thursday, July 23. The rating was maintained by Citigroup with “Buy” on Wednesday, April 13. The stock has “Equal-Weight” rating given by Barclays Capital on Tuesday, October 27. The rating was upgraded by Vetr to “Hold” on Thursday, August 20. The rating was initiated by Buckingham Research with “Neutral” on Thursday, August 11. The firm has “Buy” rating by Gabelli given on Tuesday, October 27. Stifel Nicolaus maintained it with “Buy” rating and $56 target price in Thursday, April 21 report. The stock has “Equal-Weight” rating given by Barclays Capital on Thursday, April 21. Vetr downgraded it to “Hold” rating and $53.67 target price in Thursday, August 6 report.
According to Zacks Investment Research, “Las Vegas Sands Corp. is a hotel, gaming, and retail mall company headquartered in Las Vegas, Nevada. The company owns The Venetian Resort Hotel Casino, the Sands Expo and Convention Center, Venetian Interactive, an internet based venture, and Venetian Macao Limited, a developer of multiple casino hotel resort properties in The People’s Republic of China’s Special Administrative Region of Macao.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.25, from 1.35 in 2016Q1. The ratio fall, as 72 funds sold all Las Vegas Sands Corp. shares owned while 119 reduced positions. 42 funds bought stakes while 168 increased positions. They now own 297.43 million shares or 2.96% less from 306.52 million shares in 2016Q1.
Cornerstone Capital Mngmt Lc, a New York-based fund reported 182,800 shares. Fmr Ltd Liability Corp holds 0.13% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS) for 21.20 million shares. Shinko Asset Mgmt Communications has 0% invested in the company for 1,122 shares. Millennium has 0.02% invested in the company for 178,050 shares. Thrivent For Lutherans owns 1.34M shares or 0.28% of their US portfolio. Grp One Trading Limited Partnership reported 1,226 shares or 0% of all its holdings. Arizona State Retirement Systems accumulated 45,274 shares or 0.03% of the stock. Shell Asset Management holds 31,958 shares or 0.03% of its portfolio. Great Lakes Advsr Ltd Liability Co accumulated 0.05% or 43,431 shares. Sandy Spring State Bank has 138 shares for 0% of their US portfolio. Minneapolis Port Mngmt Group Ltd Company has 3.18% invested in the company for 406,940 shares. First Interstate Comml Bank last reported 30 shares in the company. Tower Cap Limited Liability Company (Trc) holds 0.02% or 5,048 shares in its portfolio. Capital Mngmt Corp Va has 154,322 shares for 2.6% of their US portfolio. Moreover, Agf has 0.19% invested in Las Vegas Sands Corp. (NYSE:LVS) for 399,812 shares.
More important recent Las Vegas Sands Corp. (NYSE:LVS) news were published by: Fool.com which released: “Better Buy: Las Vegas Sands Corp. vs. MGM Resorts International” on October 02, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: Las Vegas Sands, Marriott Vacations Worldwide and …”, Profitconfidential.com published: “Las Vegas Sands Corp.: LVS Stock is Setting Sights on All-Time Highs” on September 19, 2016. More interesting news about Las Vegas Sands Corp. (NYSE:LVS) was released by: Prnewswire.com and their article: “Las Vegas Sands and Sands Cares Increases Aid to Homeless in Las Vegas” with publication date: September 20, 2016.
LVS Company Profile
Las Vegas Sands Corp., incorporated on August 9, 2004, is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Firm owns and operates integrated resorts in Asia and the United States. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, the Company’s divisions are The Venetian Macao, Sands Cotai Central, Four Seasons Macao, Sands Macao and Other Asia (comprises the Company’s ferry activities and various other operations). In Singapore, the Company’s segment is Marina Bay Sands. In the United States, the Company’s divisions are The Venetian Las Vegas, which includes the Sands Expo Center and The Palazzo, and Sands Bethlehem. The Paiza Club located at the Company’s properties is an invitation-only club, which offers services and amenities, including luxury accommodations, restaurants, lounges and private gaming salons. The Firm also offers players club loyalty programs at its properties, which provide access to rewards, privileges and members-only events.
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