Las Vegas Sands Corp. (LVS) is Reiterated by UBS to Neutral, Lowers Price Target to $ 44

Las Vegas Sands Corp. (LVS) was Reiterated by UBS to “Neutral” while Lowering the Price Target of the company shares to $ 44 from a previous price target of $52 . UBS advised their investors in a research report released on Jul 8, 2016.

Many Wall Street Analysts have commented on Las Vegas Sands Corp.. Company shares were Reiterated by Telsey Advisory Group on Apr 21, 2016 to “Market Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $44 .Las Vegas Sands Corp. was Downgraded by JP Morgan to ” Neutral” on Apr 21, 2016.

On the company’s financial health, Las Vegas Sands Corp. reported $0.45 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.63. The company had revenue of $2716.20 million for the quarter, compared to analysts expectations of $2878.64 million. The company’s revenue was down -9.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.

Las Vegas Sands Corp. closed down -0.91 points or -2.08% at $42.8 with 29,58,988 shares getting traded on Tuesday. Post opening the session at $43.4, the shares hit an intraday low of $42.57 and an intraday high of $43.4 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jan 6, 2016, Robert G Goldstein (President & COO) sold 97,943 shares at $42.25 per share price. According to the SEC, 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.

Las Vegas Sands Corp.

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