In a report released yesterday, Shaun Kelley from Merrill Lynch maintained a Hold rating on Las Vegas Sands (NYSE: LVS), with a price target of $60. The company’s shares closed yesterday at $55.82, close to its 52-week low of $55.05.
Kelley has an average return of 7.9% when recommending Las Vegas Sands.
According to TipRanks.com, Kelley is ranked #835 out of 4887 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Las Vegas Sands with a $78 average price target.
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Based on Las Vegas Sands’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.3 billion and net profit of $556 million. In comparison, last year the company earned revenue of $3.2 billion and had a net profit of $570 million.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LVS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Las Vegas Sands Corp. engages in the development of destination properties. Its properties feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants, and other amenities. It operates through the following geographic segments: Macao, Singapore, and United States.
