Imperial Capital Analysts Begin Coverage on Las Vegas Sands Corp. (LVS)

By admin | 6 years ago

Research analysts at Imperial Capital assumed coverage on shares of Las Vegas Sands Corp. (NYSE: LVS) in a report released on Friday. The firm set an “in-line” rating and a $62.00 price target on the stock.

Shares of Las Vegas Sands Corp. opened at 55.87 on Friday. Las Vegas Sands Corp. has a one year low of $36.08 and a one year high of $62.09. The company has a market cap of $40.897 billion and a P/E ratio of 29.55.

The company last announced its quarterly results on Wednesday, April 25th. It reported $0.70 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.58 EPS by $0.12. The company’s quarterly revenue was up 30.8% on a year-over-year basis. On average, analysts predict that Las Vegas Sands Corp. will post $0.71 earnings per share next quarter.

A number of other analysts have also recently weighed in on LVS. Analysts at Citigroup (NYSE: C) cut their price target on shares of Las Vegas Sands Corp. from $67.00 to $66.80 in a research note to investors on Thursday. Separately, analysts at UBS AG (NYSE: UBS) raised their price target on shares of Las Vegas Sands Corp. from $62.00 to $67.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Nomura (NYSE: NMR) reiterated an “accumulate” rating on shares of Las Vegas Sands Corp. in a research note to investors on Thursday.

Las Vegas Sands Corp. (LVSC) is a global developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.

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