The stock of Las Vegas Sands Corp. (NYSE:LVS) hit a new 52-week high and has $64.73 target or 3.00% above today’s $62.84 share price. The 8 months bullish chart indicates low risk for the $49.75B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $64.73 price target is reached, the company will be worth $1.49 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. The stock increased 0.67% or $0.42 on November 25, hitting $62.84. About 1.12 million shares traded hands. Las Vegas Sands Corp. (NYSE:LVS) has risen 33.18% since April 22, 2016 and is uptrending. It has outperformed by 27.77% the S&P500.
Analysts await Las Vegas Sands Corp. (NYSE:LVS) to report earnings on January, 25. They expect $0.64 EPS, up 3.23% or $0.02 from last year’s $0.62 per share. LVS’s profit will be $506.68M for 24.55 P/E if the $0.64 EPS becomes a reality. After $0.72 actual EPS reported by Las Vegas Sands Corp. for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.
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. 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) earned “Buy” rating by Stifel Nicolaus on Thursday, July 23. The stock has “Outperform” rating given by CLSA on Monday, September 19. Vetr upgraded the shares of LVS in a report on Thursday, August 20 to “Hold” rating. As per Friday, November 4, the company rating was maintained by Stifel Nicolaus. The firm earned “Equalweight” rating on Wednesday, July 27 by Barclays Capital. The firm has “Equal-Weight” rating given on Thursday, April 21 by Barclays Capital. Citigroup maintained the shares of LVS in a report on Wednesday, April 13 with “Buy” rating. Stifel Nicolaus maintained Las Vegas Sands Corp. (NYSE:LVS) rating on Thursday, October 22. Stifel Nicolaus has “Hold” rating and $60 price target. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Market Perform” rating by Telsey Advisory Group on Thursday, January 28. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, September 8.
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 2016 Q2. 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.
Pinnacle Associate holds 1.23% or 1.31M shares in its portfolio. Jane Street Limited Liability Company reported 24,981 shares or 0.01% of all its holdings. Gulf Bancorp (Uk) owns 6,828 shares or 0% of their US portfolio. Capital Interest Ltd Ca reported 59,500 shares or 0.19% of all its holdings. Renaissance accumulated 221,500 shares or 0.02% of the stock. Synovus Fincl accumulated 0% or 104 shares. Apg Asset Nv has 2.06M shares for 0.17% of their US portfolio. Oregon Pub Employees Retirement Fund has 25,192 shares for 0.02% of their US portfolio. Inr Advisory Svcs Limited Liability owns 32 shares or 0% of their US portfolio. Westpac Banking Corp accumulated 0% or 408,597 shares. Cubist Systematic Strategies Llc holds 0.06% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS) for 23,429 shares. State Of Wisconsin Invest Board accumulated 307,622 shares or 0.05% of the stock. Tower Research Capital Ltd (Trc) owns 5,048 shares or 0.02% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 37,835 shares in the company. Hartford Mgmt holds 0.01% or 10,221 shares in its portfolio.
More recent Las Vegas Sands Corp. (NYSE:LVS) news were published by: Reviewjournal.com which released: “Report prompts scrutiny of Las Vegas Sands Corp. by gaming regulators” on October 26, 2016. Also Fool.com published the news titled: “What to Look For When Las Vegas Sands Corp. Reports Earnings” on October 30, 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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