The stock of Las Vegas Sands Corp. (NYSE:LVS) gapped up by $0.56 today and has $74.76 target or 27.00% above today’s $58.87 share price. The 8 months technical chart setup indicates low risk for the $47.29B company. The gap was reported on Oct, 4 by Barchart.com. If the $74.76 price target is reached, the company will be worth $12.77B more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 2.31% or $1.33 during the last trading session, hitting $58.87. About 5.14 million shares traded hands or 18.98% up from the average. Las Vegas Sands Corp. (NYSE:LVS) has risen 16.11% since March 1, 2016 and is uptrending. It has outperformed by 3.90% 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 $473.94 million for 24.94 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 of Las Vegas Sands Corp. (NYSE:LVS) has “Hold” rating given on Thursday, October 22 by Stifel Nicolaus. The firm has “Neutral” rating given on Friday, July 8 by UBS. The rating was maintained by Telsey Advisory Group on Thursday, January 28 with “Market Perform”. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Neutral” rating by Goldman Sachs on Tuesday, August 18. Vetr downgraded Las Vegas Sands Corp. (NYSE:LVS) rating on Thursday, September 17. Vetr has “Buy” rating and $53.43 price target. Citigroup maintained the shares of LVS in a report on Wednesday, April 13 with “Buy” rating. The firm earned “Neutral” rating on Thursday, August 11 by Buckingham Research. On Wednesday, July 27 the stock rating was maintained by Barclays Capital with “Equalweight”. The firm earned “Buy” rating on Thursday, July 23 by Stifel Nicolaus. The stock of Las Vegas Sands Corp. (NYSE:LVS) has “Buy” rating given on Thursday, September 8 by Stifel Nicolaus.
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.
Cullen Frost Bankers owns 348,400 shares or 0.56% of their US portfolio. Paloma Prtnrs Mngmt reported 24,680 shares or 0.01% of all its holdings. Macquarie Ltd, a Australia-based fund reported 86,600 shares. Concert Wealth Mgmt Inc has invested 0.04% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Analytic Invsts Ltd Liability reported 92,671 shares or 0.05% of all its holdings. Blackrock Investment Mngmt Lc accumulated 0.01% or 226,729 shares. Moreover, Denver Investment Advsrs Ltd has 0.06% invested in Las Vegas Sands Corp. (NYSE:LVS) for 30,247 shares. Ubs Asset Mgmt Americas accumulated 2.04M shares or 0.1% of the stock. Amp Investors last reported 273,787 shares in the company. Dai Ichi Life Ins has 52,442 shares for 0.07% of their US portfolio. First Foundation Advisors accumulated 1.25% or 402,033 shares. Wells Fargo & Co Mn accumulated 0.07% or 3.93M shares. Synovus Fincl Corporation holds 0% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS) for 104 shares. Two Sigma Llc accumulated 8,745 shares or 0.21% of the stock. Kbc Nv has 63,851 shares for 0.04% of their US portfolio.
More notable recent Las Vegas Sands Corp. (NYSE:LVS) news were published by: Fool.com which released: “Why Shares of Las Vegas Sands Corp. Popped 15% in September” on October 03, 2016, also Fool.com with their article: “Better Buy: Las Vegas Sands Corp. vs. MGM Resorts International” published on October 02, 2016, Forbes.com published: “Ex-Dividend Reminder: Las Vegas Sands, Marriott Vacations Worldwide and …” on September 16, 2016. More interesting news about Las Vegas Sands Corp. (NYSE:LVS) were released by: Profitconfidential.com and their article: “Las Vegas Sands Corp.: LVS Stock is Setting Sights on All-Time Highs” published on September 19, 2016 as well as Prnewswire.com‘s news article titled: “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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