Jefferies Remains a Buy on Las Vegas Sands (LVS)
Jefferies analyst maintained a Buy rating on Las Vegas Sands today and set a price target of $78.00.
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In a report released on December 16, Barclays also maintained a Buy rating on the stock with a $67.32 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 47 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 1,250,000.00 shares for a total of $83,392,341.99.
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