UBS AG Reaffirms Buy Rating on Las Vegas Sands Corp. (LVS)

By admin | 6 years ago

Las Vegas Sands Corp. (NYSE: LVS)‘s stock had its “buy” rating reiterated by investment analysts at UBS AG (NYSE: UBS) in a note issued to investors on Monday.

Shares of Las Vegas Sands Corp. traded up 1.06% during mid-day trading on Monday, hitting $48.68. Las Vegas Sands Corp. has a 52 week low of $36.08 and a 52 week high of $62.09. The company has a market cap of $37.018 billion and a P/E ratio of 25.47.

Las Vegas Sands Corp. last announced its earnings results on Wednesday, April 25th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.12. Las Vegas Sands Corp.’s revenue was up 30.8% compared to the same quarter last year. On average, analysts predict that Las Vegas Sands Corp. will post $0.71 earnings per share next quarter.

A number of other firms have also recently commented on LVS. Analysts at Zacks upgraded shares of Las Vegas Sands Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, May 16th. They now have a $59.00 price target on the stock. Separately, analysts at Imperial Capital initiated coverage on shares of Las Vegas Sands Corp. in a research note to investors on Friday, April 27th. They set an “in-line” rating and a $62.00 price target on the stock. Finally, 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, April 26th.

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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