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Jefferies Sticks to Its Buy Rating for Las Vegas Sands (LVS)

Tipranks - Tipranks - Sat Jan 31, 8:49AM CST

Jefferies analyst reiterated a Buy rating on Las Vegas Sands today and set a price target of $72.00.

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In addition to Jefferies, Las Vegas Sands also received a Buy from Deutsche Bank ‘s Steven Pizzella in a report issued yesterday. However, on the same day, TipRanks – OpenAI downgraded Las Vegas Sands (NYSE: LVS) to a Hold.

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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. Last 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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