Las Vegas Sands (NYSE:LVS) has been upgraded from Neutral to Buy in a report by BofA Merrill today.
- Updated: October 4, 2016
Just yesterday Las Vegas Sands (NYSE:LVS) traded 2.31% higher at $58.87. Las Vegas Sands’s 50-day moving average is $54.76 and its 200-day moving average is $49.43. The last stock price is up 19.10% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 5,169,483 shares of LVS traded hands, up from an average trading volume of 4,045,220
BofA Merrill has upgraded Las Vegas Sands (NYSE:LVS) from Neutral to Buy in a report released on 10/4/2016.
Previously on 10/03/2016, Vetr Inc. released a statement about Las Vegas Sands (NYSE:LVS) increased the target price from $0.00 to $66.73. At the time, this indicated a possible upside of 0.16%.
Recent Performance Chart
Las Vegas Sands has 52 week low of $34.88 and a 52 week high of $59.50 with a PE ratio of 28.66 and has a market capitalization of $0.
In addition to BofA Merrill reporting its stock price target, a total of 17 brokerages have issued a ratings update on the company. The average stock price target is $50.24 with 2 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 10 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Las Vegas Sands (NYSE:LVS)
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States. The Company's principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, the Company's segments are The Venetian Macao, Sands Cotai Central, Four Seasons Macao, Sands Macao and Other Asia (comprises the Company's ferry operations and various other operations). In Singapore, the Company's segment is Marina Bay Sands. In the United States, the Company's segments are The Venetian Las Vegas, which includes the Sands Expo Center and The Palazzo, and Sands Bethlehem. It also offers players club loyalty programs at its properties, which provide access to rewards, privileges and members-only events.
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