Wells Fargo Sticks to Their Hold Rating for Las Vegas Sands (LVS)

In a report released yesterday, Trey Bowers from Wells Fargo maintained a Hold rating on Las Vegas Sands, with a price target of $86.00. The company’s shares closed yesterday at $56.26.

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According to TipRanks, Bowers is an analyst with an average return of -4.1% and a 36.54% success rate. Bowers covers the Consumer Cyclical sector, focusing on stocks such as Carnival, Viking Holdings, and DraftKings.

Las Vegas Sands has an analyst consensus of Moderate Buy, with a price target consensus of $70.50, implying a 25.31% upside from current levels. In a report released on April 8, Morgan Stanley also assigned a Hold rating to the stock with a $67.00 price target.

Based on Las Vegas Sands’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.65 billion and a net profit of $395 million. In comparison, last year the company earned a revenue of $2.9 billion and had a net profit of $324 million

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LVS in relation to earlier this year. Last month, Patrick Dumont, the Chairman & CEO of LVS sold 60,165.00 shares for a total of $3,294,033.75.