Citigroup Maintains Las Vegas Sands Corp. to Buy with Price Target $62.00

Brokerage firm Citigroup Maintains its rating on Las Vegas Sands Corp.(NYSE:LVS). In a research note issued to the investors, the brokerage major Raises the price-target to $62.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Apr 13, 2016.

In a different note, On Mar 17, 2016, Standpoint Research said it Downgrades its rating on Las Vegas Sands Corp.. The shares have been rated ‘Hold’ by the firm. On Mar 17, 2016, Standpoint Research said it Downgrades its rating on Las Vegas Sands Corp.. The shares have been rated ‘Hold’ by the firm. On Jan 26, 2016, Susquehanna said it Maintains its rating on Las Vegas Sands Corp.. According to the research note, Susquehanna Lowers the price target to $47 per share from a prior target of $58. The shares have been rated ‘Positive’ by the firm.

Las Vegas Sands Corp. (LVS) made into the market gainers list on Fridays trading session with the shares advancing 0.47% or 0.24 points. Due to strong positive momentum, the stock ended at $50.94, which is also near the day’s high of $51.1. The stock began the session at $50.5 and the volume stood at 28,58,881 shares. The 52-week high of the shares is $57.77 and the 52 week low is $34.88. The company has a current market capitalization of $40,482 M and it has 79,46,94,490 shares in outstanding.

Las Vegas Sands Corp.(LVS) last announced its earnings results on Jan 27, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $2.86B. Analysts had an estimated revenue of $2.95B. Earnings per share were $0.62. Analysts had estimated an EPS of $0.65.

Several Insider Transactions has been reported to the SEC. On Jan 6, 2016, Robert G Goldstein (President & COO) sold 97,943 shares at $42.25 per share price.Also, On Jan 4, 2016, George Tanasijevich (Pres & CEO/Marina Bay Sands) sold 6,341 shares at $43.77 per share price.On Nov 3, 2015, Ira H Raphaelson (EVP & Global General Counsel) sold 8,768 shares at $49.76 per share price, according to the Form-4 filing with the securities and exchange commission.

Las Vegas Sands Corp. (LVSC) is a developer of destination properties that offers accommodations gaming entertainment and retail convention and exhibition facilities celebrity chef restaurants and other amenities. The Company’s principal operating and developmental activities occur in three geographic areas: Macao Singapore and the United States. In Macao its operating segments are The Venetian Macao; Sands Cotai Central; Four Seasons Macao; Sands Macao and Other Asia (that includes its ferry operations and various other operations). In Singapore its operating segment is Marina Bay Sands. In the United States its operating segments 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 a range of services and amenities. The Company also offers players club loyalty programs at its properties.

Leave a Reply

Las Vegas Sands Corp. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Las Vegas Sands Corp.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.