Barclays restated their overweight rating on shares of Las Vegas Sands Corp. (NYSE:LVS) in a report issued on Wednesday, ARN reports. They currently have a $75.00 target price on the stock, up from their previous target price of $65.00.
“LVS is well positioned in two of the largest gaming markets in the world: Macau and Singapore. In particular, LVS’ Cotai positioning is an advantage in 2013 due to mass market driven growth in Macau. Market share gains in the VIP segment in Macau and a Singapore recovery could add upside.,” the firm’s analyst commented.
Barclays has also modified their ratings on a number of other consumer discretionary stocks in the few days. The firm reiterated its overweight rating on shares of Wynn Resorts Ltd.. They have a $176.00 price target on that stock, up previously from $150.00. Also, Barclays raised its price target on shares of Buffalo Wild Wings Inc. from $115.00 to $125.00. They have an overweight rating on that stock.
Las Vegas Sands Corp. (NYSE:LVS) opened at 70.97 on Wednesday. Las Vegas Sands Corp. has a 1-year low of $40.28 and a 1-year high of $71.00. The stock has a 50-day moving average of $64.44 and a 200-day moving average of $57.89. The company has a market cap of $58.477 billion and a price-to-earnings ratio of 31.13. Las Vegas Sands Corp. also was the target of some unusual options trading on Tuesday. Investors purchased 79,902 call options on the stock. This represents an increase of approximately 243% compared to the average daily volume of 23,306 call options.
Las Vegas Sands Corp. (NYSE:LVS) last released its earnings data on Thursday, October 17th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.08. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the company posted $0.46 earnings per share. Las Vegas Sands Corp.’s revenue was up 31.7% compared to the same quarter last year. Analysts expect that Las Vegas Sands Corp. will post $2.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.97%.
Several other analysts have also recently commented on the stock. Analysts at Susquehanna reiterated a positive rating on shares of Las Vegas Sands Corp. in a research note to investors on Wednesday. They now have a $80.00 price target on the stock, up previously from $66.00. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Las Vegas Sands Corp. from $72.00 to $75.00 in a research note to investors on Friday, October 11th. They now have an overweight rating on the stock. Finally, analysts at Bank of America Corp. raised their EPS on shares of Las Vegas Sands Corp. in a research note to investors on Tuesday, October 8th. They now have a buy rating and a $76.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $70.14.
Las Vegas Sands Corp. is a developer of destination properties (NYSE:LVS) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.
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