CLSA Maintains Las Vegas Sands Corp. to Outperform with Price Target $58.00

Brokerage firm CLSA Maintains its rating on Las Vegas Sands Corp.(NYSE:LVS). In a research note issued to the investors, the brokerage major Raises the price-target to $58.00 per share. The shares have been rated Outperform. The rating by CLSA was issued on Sep 19, 2016.

In a different note, On Sep 14, 2016, Argus Research said it Upgrades its rating on Las Vegas Sands Corp.. The shares have been rated ‘Buy’ by the firm. Buckingham Research said it Initiates Coverage on Las Vegas Sands Corp., according to a research note issued on Aug 11, 2016. The shares have been rated ‘Neutral’ by the firm. On Jul 27, 2016, Barclays said it Maintains its rating on Las Vegas Sands Corp.. In the research note, the firm Lowers the price-target to $50.00 per share. The shares have been rated ‘Equalweight’ by the firm.

Las Vegas Sands Corp. (LVS) made into the market gainers list on Thursdays trading session with the shares advancing 0.72% or 0.41 points. Due to strong positive momentum, the stock ended at $57.17, which is also near the day’s high of $57.44. The stock began the session at $56.94 and the volume stood at 33,56,595 shares. The 52-week high of the shares is $58.65 and the 52 week low is $34.88. The company has a current market capitalization of $45,436 M and it has 79,47,53,620 shares in outstanding.

Las Vegas Sands Corp.(LVS) last announced its earnings results on Jul 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.65B. Analysts had an estimated revenue of $2.77B. Earnings per share were $0.52. Analysts had estimated an EPS of $0.57.

Several Insider Transactions has been reported to the SEC. On Jan 6, 2016, Robert G Goldstein (President & COO) sold 97,943 shares at $42.25 per share price.Also, On Jan 4, 2016, George Tanasijevich (Pres & CEO/Marina Bay Sands) sold 6,341 shares at $43.77 per share price.On Nov 3, 2015, Ira H Raphaelson (EVP & Global General Counsel) sold 8,768 shares at $49.76 per share price, according to the Form-4 filing with the securities and exchange commission.

Las Vegas Sands Corp. (LVSC) is a developer of destination properties that offers accommodations gaming entertainment and retail convention and exhibition facilities celebrity chef restaurants and other amenities. The Company’s principal operating and developmental activities occur in three geographic areas: Macao Singapore and the United States. In Macao its operating segments are The Venetian Macao; Sands Cotai Central; Four Seasons Macao; Sands Macao and Other Asia (that includes its ferry operations and various other operations). In Singapore its operating segment is Marina Bay Sands. In the United States its operating segments are The Venetian Las Vegas which includes the Sands Expo Center and The Palazzo and Sands Bethlehem. The Paiza Club located at the Company’s properties is an invitation-only club which offers a range of services and amenities. The Company also offers players club loyalty programs at its properties.

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