Price Action Alert: Las Vegas Sands Corp.’s Stock Is Buy After Achieving 52-Week High

Price Action Alert: Las Vegas Sands Corp.'s Stock Is Buy After Achieving 52 Week High

The stock of Las Vegas Sands Corp. (NYSE:LVS) hit a new 52-week high and has $93.86 target or 59.00% above today’s $59.03 share price. The 7 months bullish chart indicates low risk for the $47.52 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $93.86 price target is reached, the company will be worth $28.04 billion 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 850,893 shares traded hands. Las Vegas Sands Corp. (NYSE:LVS) has risen 18.28% since April 5, 2016 and is uptrending. It has outperformed by 16.32% the S&P500.

Las Vegas Sands Corp. (NYSE:LVS) Ratings Coverage

Out of 15 analysts covering Las Vegas Sands (NYSE:LVS), 8 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 53% are positive. $65 is the highest target while $42 is the lowest. The $51.62 average target is -12.55% below today’s ($59.03) stock price. Las Vegas Sands has been the topic of 32 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Monday, September 19 the stock rating was maintained by CLSA with “Outperform”. Standpoint Research downgraded Las Vegas Sands Corp. (NYSE:LVS) on Thursday, March 17 to “Hold” rating. The firm earned “Buy” rating on Wednesday, April 13 by Citigroup. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Neutral” rating by Goldman Sachs on Tuesday, August 18. Vetr upgraded it to “Hold” rating and $53.64 target price in Thursday, August 20 report. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Positive” rating by Susquehanna on Tuesday, January 26. The firm has “Hold” rating given on Wednesday, October 19 by Deutsche Bank. UBS maintained the shares of LVS in a report on Friday, July 8 with “Neutral” rating. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Buy” rating by Gabelli on Tuesday, October 27. Stifel Nicolaus maintained the shares of LVS in a report on Thursday, April 21 with “Buy” rating.

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 turned negative, 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.
Focused Wealth Management last reported 0.01% of its portfolio in the stock. Caisse De Depot Et Placement Du Quebec accumulated 59,900 shares or 0.01% of the stock. The Massachusetts-based Fmr Lc has invested 0.13% in Las Vegas Sands Corp. (NYSE:LVS). Finemark Savings Bank & Tru last reported 112 shares in the company. Principal Gru holds 0% or 26,186 shares in its portfolio. Canada Pension Plan Board owns 97,910 shares or 0.02% of their US portfolio. Hartford Invest Mgmt has 0.01% invested in the company for 10,221 shares. Gamco Et Al last reported 0.16% of its portfolio in the stock. The California-based Wells Fargo And Mn has invested 0.07% in Las Vegas Sands Corp. (NYSE:LVS). Psagot House, a Israel-based fund reported 2,350 shares. High Pointe Management Limited Liability Company accumulated 27,600 shares or 1.83% of the stock. Da Davidson & last reported 0.08% of its portfolio in the stock. Bnp Paribas Arbitrage accumulated 0.05% or 243,485 shares. Polar Asset Mngmt has invested 0.46% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Exane Derivatives holds 10,133 shares or 0% of its portfolio.

More important recent Las Vegas Sands Corp. (NYSE:LVS) news were published by: Fool.com which released: “What to Look For When Las Vegas Sands Corp. Reports Earnings” on October 30, 2016, also Reviewjournal.com published article titled: “Report prompts scrutiny of Las Vegas Sands Corp. by gaming regulators”, Seekingalpha.com published: “Las Vegas Sands Pre-Earnings: What To Expect?” on November 02, 2016. More interesting news about Las Vegas Sands Corp. (NYSE:LVS) was released by: Prnewswire.com and their article: “Resorts & Casinos Stocks Under Scanner — Las Vegas Sands, Wynn Resorts …” with publication date: November 07, 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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