Las Vegas Sands (LVS) was upgraded to a Buy Rating at Goldman Sachs
In a report released yesterday, Lizzie Dove from Goldman Sachs upgraded Las Vegas Sands to a Buy, with a price target of $80.00. The company’s shares closed yesterday at $66.99.
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According to TipRanks, Dove is a 3-star analyst with an average return of 2.6% and a 51.43% success rate. Dove covers the Consumer Cyclical sector, focusing on stocks such as Wynn Resorts, Carnival, and Las Vegas Sands.
Las Vegas Sands has an analyst consensus of Moderate Buy, with a price target consensus of $66.53, which is a -0.69% downside from current levels. In a report released on December 5, Barclays also maintained a Buy rating on the stock with a $62.00 price target.
Based on Las Vegas Sands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.33 billion and a net profit of $419 million. In comparison, last year the company earned a revenue of $2.68 billion and had a net profit of $275 million
Based on the recent corporate insider activity of 41 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. Earlier this month, Robert G. Goldstein, the Chairman & CEO of LVS sold 400,000.00 shares for a total of $26,567,001.80.
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