Price Don’t Lie: What’s Ahead for Las Vegas Sands Corp. After Touching 52-Week High?

Price Don't Lie: What's Ahead for Las Vegas Sands Corp. After Touching 52 Week High?

The stock of Las Vegas Sands Corp. (NYSE:LVS) hit a new 52-week high and has $101.14 target or 67.00% above today’s $60.56 share price. The 7 months bullish chart indicates low risk for the $50.46 billion company. The 1-year high was reported on Nov, 18 by Barchart.com. If the $101.14 price target is reached, the company will be worth $33.81B 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 638,126 shares traded hands. Las Vegas Sands Corp. (NYSE:LVS) has risen 16.89% since April 18, 2016 and is uptrending. It has outperformed by 12.46% 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 -14.76% below today’s ($60.56) stock price. Las Vegas Sands has been the topic of 32 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Las Vegas Sands Corp. (NYSE:LVS) has “Buy” rating given on Tuesday, October 27 by Gabelli. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, October 22. The stock of Las Vegas Sands Corp. (NYSE:LVS) has “Hold” rating given on Thursday, March 17 by Standpoint Research. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, April 21 report. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Market Perform” rating by Telsey Advisory Group on Friday, November 4. On Thursday, January 28 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. Bank of America upgraded Las Vegas Sands Corp. (NYSE:LVS) on Tuesday, October 4 to “Buy” rating. The company was maintained on Monday, September 19 by CLSA. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, August 18. The firm has “Hold” rating given on Thursday, August 6 by Vetr.

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 increased to 1.13 in Q2 2016. Its up 0.03, from 1.1 in 2016Q1. The ratio is positive, 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.
Bnp Paribas Arbitrage Sa holds 0.05% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS) for 243,485 shares. Moreover, Capital Ww Investors has 0.19% invested in Las Vegas Sands Corp. (NYSE:LVS) for 16.01 million shares. Alps Inc holds 0% or 7,656 shares in its portfolio. The Illinois-based Guggenheim Capital Limited Co has invested 0.03% in Las Vegas Sands Corp. (NYSE:LVS). Livingston Asset (Operating As Southport Capital Management) has invested 0.01% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Meritage Port last reported 0.45% of its portfolio in the stock. The Maryland-based Price T Rowe Assocs Md has invested 0.21% in Las Vegas Sands Corp. (NYSE:LVS). Mitsubishi Ufj Trust & Banking has invested 0.09% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Signaturefd Lc, a Georgia-based fund reported 40 shares. The Ontario – Canada-based Breton Hill Cap Ltd has invested 2.18% in Las Vegas Sands Corp. (NYSE:LVS). Pinnacle Associate Limited owns 1.31M shares or 1.23% of their US portfolio. Dnb Asset Management As last reported 33,897 shares in the company. Raymond James And Assoc accumulated 103,958 shares or 0.01% of the stock. Cornerstone Advisors Inc accumulated 0.02% or 429 shares. Royal Bancorporation Of Canada last reported 208,330 shares in the company.

More 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 Reuters.com published the news titled: “Nevada gambling regulator probes Las Vegas Sands over front gamblers” on October 25, 2016. Wsj.com‘s news article titled: “Las Vegas Sands Reports Improving Results” with publication date: November 03, 2016 was also an interesting one.

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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