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Las Vegas Sands (LVS) Gets a Buy from Macquarie

Tipranks - Sat Apr 25, 12:42AM CDT

Macquarie analyst maintained a Buy rating on Las Vegas Sands yesterday and set a price target of $70.00. The company’s shares closed yesterday at $51.95.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Las Vegas Sands with a $69.42 average price target, representing a 33.63% upside. In a report released yesterday, Barclays also assigned a Buy rating to the stock with a $65.00 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.

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