Monday, 20 May, 2019

Bank of America Boosts Las Vegas Sands (LVS) Price Target to $85.00

Russell Knight | 28 January, 2018, 21:38

The company's planned investment of more than $1.1 billion in new capital projects in Macao over the next three years, given the continual revival of gaming revenues therein, also bodes well for long-term growth. The firm had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.26 billion. (LVS) ended its previous trading session at $75.36 with the Loss of -2.69%. It has outperformed by 27.55% the S&P500. (NYSE:LVS) touched its 1-Year High price of $78.57 on 01/23/18 and its 1-Year Low price of $51.35 on 02/24/17. Company insiders own 10.10% of the company's stock.

In related news, Director George Jamieson purchased 1,000 shares of the company's stock in a transaction dated Tuesday, November 14th. Newport Asia Llc who had been investing in Las Vegas Sands Corp for a number of months, seems to be bullish on the $59.45 billion market cap company. The stock decreased 0.87% or $0.35 during the last trading session, reaching $40.05. About 7.81M shares traded or 145.85% up from the average. Las Vegas Sands had a return on equity of 34.76% and a net margin of 21.78%. It has outperformed by 11.39% the S&P500.

When we look at the Analyst Recommendations of the stock, the company has 1.2 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Therefore 100% are positive. As per Thursday, April 27, the company rating was maintained by Telsey Advisory Group. As per Thursday, December 7, the company rating was maintained by Jefferies. The rating was initiated by Credit Suisse on Friday, November 3 with "Buy". The stock has "Sector Perform" rating by Scotia Capital on Saturday, August 15.

Analysts await Cigna Corporation (NYSE:CI) to report earnings on February, 1. They expect $0.40 earnings per share, down 23.08% or $0.12 from last year's $0.52 per share. KEYS's profit will be $58.06M for 37.56 P/E if the $0.31 EPS becomes a reality. After $2.83 actual EPS reported by Cigna Corporation for the previous quarter, Wall Street now forecasts -33.92% negative EPS growth. Its the same as in 2017Q2.

Hedge funds have recently added to or reduced their stakes in the business.

LVS has been the topic of several other reports. Financial Bank Of Montreal Can owns 362,640 shares or 0.02% of their USA portfolio. (NYSE:CLR). Pinebridge Limited Partnership reported 275,787 shares. Moreover, Jennison Assoc Lc has 0.25% invested in Cigna Corporation (NYSE:CI) for 1.29 million shares. Employees Retirement Systems Of Texas holds 67,000 shares. 428.17 million shares or 0.49% more from 426.07 million shares in 2017Q2 were reported. Royal National Bank Of Canada reported 0% of its portfolio in Continental Resources, Inc. Jensen Inv owns 0.01% invested in Cigna Corporation (NYSE:CI) for 3,760 shares.

Travis Hoium owns shares of Wynn Resorts. (NYSE:LVS). Bessemer Gp Incorporated has 1,288 shares. First Eagle Invest Management Ltd Liability has invested 0% in Twenty-First Century Fox, Inc. Howe & Rusling owns 2,384 shares. Teachers Insur And Annuity Association Of America holds 0.13% or 74,800 shares. Bradley Foster And Sargent Inc Ct owns 24,816 shares. Following the transaction, the director now directly owns 6,488 shares in the company, valued at approximately $434,436.48. On Wednesday, January 10 the insider ZOLLARS WILLIAM D sold $43,604. The firm has "Sell" rating given on Wednesday, August 12 by Vetr.

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ILMN's mean recommendation on Reuter's scale has been revised upward from 2.06 thirty days ago to 2.1 now. $402,366 worth of stock was sold by Bacus Lisa R on Wednesday, August 16. Wade G W invested in 7,536 shares.

Corecommodity Management Llc, which manages about $5.19B and $105.70M US Long portfolio, decreased its stake in Rayonier Inc (NYSE:RYN) by 18,918 shares to 26,418 shares, valued at $763,000 in 2017Q3, according to the filing.

Investors sentiment increased to 1.36 in 2017 Q3. Jefferies Group also issued estimates for Las Vegas Sands' Q1 2018 earnings at $0.88 EPS, Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $0.88 EPS, Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $3.45 EPS, Q1 2019 earnings at $0.93 EPS, Q2 2019 earnings at $0.81 EPS, Q3 2019 earnings at $0.93 EPS, Q4 2019 earnings at $0.97 EPS and FY2019 earnings at $3.64 EPS. (NYSE:LVS) or 250 shares. 38 funds opened positions while 77 raised stakes.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, January 24th. (NYSE:LVS). Alexandria Capital Ltd Company has 0.01% invested in Las Vegas Sands Corp. (NYSE:LVS) for 61,541 shares. (NYSE:LVS). Delta Asset Limited Liability Company Tn reported 0% stake. Cap Ca accumulated 11,375 shares. Retail Bank Of Montreal Can accumulated 362,640 shares. All told, Las Vegas Sands' Macau revenue rose 13% to over $2.1 billion. (NYSE:LVS) for 20,056 shares.

Las Vegas Sands (NYSE:LVS) had its price objective lifted by JPMorgan Chase & Co. from $63.00 to $72.00 in a research note published on Thursday morning. Las Vegas Sands Corp.

Las Vegas Sands' relatively small operations in the USA - which consists of the Venetian and Palazzo resorts, plus the Sands Expo and Convention Center in Las Vegas, and the Sands Bethlehem in Pennsylvania - saw a more modest rise. (NYSE:LVS) for 3,750 shares. Westfield Cap Mngmt Com L P holds 5,100 shares or 0% of its portfolio. Stonebridge Capital Advisors LLC grew its stake in Las Vegas Sands by 4.4% in the second quarter. Therefore 57% are positive. Las Vegas Sands had 59 analyst reports since July 23, 2015 according to SRatingsIntel. The Kansas-based Koch Industry has invested 0.08% in Las Vegas Sands Corp. The stock of Las Vegas Sands Corp. (NYSE:LVS) rating on Thursday, March 23. On Thursday, March 17 the stock rating was downgraded by Standpoint Research to "Hold". On Monday, September 19 the stock rating was maintained by CLSA with "Outperform". Stifel Nicolaus reiterated a buy rating and issued a $76.00 price target on shares of Las Vegas Sands in a report on Tuesday, January 9th. (NYSE:LVS) rating on Monday, July 3. Stifel Nicolaus has "Buy" rating and $65 target. That would nearly certainly juice the results of Las Vegas Sands going forward. Vetr has "Hold" rating and $53.67 target.

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