A Reversal for Las Vegas Sands Corp. (LVS) Is Not Near. The Stock Reaches 52-Week High Today

January 21, 2018 - By Hazel Jackson

Investors sentiment increased to 1.36 in 2017 Q3. Its up 0.33, from 1.03 in 2017Q2. It is positive, as 36 investors sold Las Vegas Sands Corp. shares while 141 reduced holdings. 69 funds opened positions while 172 raised stakes. 284.19 million shares or 2.24% less from 290.72 million shares in 2017Q2 were reported.
Price T Rowe Associates Incorporated Md reported 0.09% stake. Kbc Grp Nv stated it has 117,825 shares or 0.07% of all its holdings. Quantitative Inv Ltd Liability Com holds 0.28% or 385,600 shares. Riverpoint Capital Mngmt Limited stated it has 219,747 shares or 0.91% of all its holdings. Advsr Asset Mgmt Inc, Colorado-based fund reported 185,565 shares. 4,400 are held by Yorktown Mgmt &. Atlantic Gp Ltd stated it has 0.02% in Las Vegas Sands Corp. (NYSE:LVS). Polaris Greystone Ltd Liability Corp owns 3,750 shares for 0.02% of their portfolio. Shine Inv Advisory Serv holds 482 shares. Nelson Van Denburg And Campbell Wealth Management Grp Ltd Liability Com invested in 0% or 100 shares. Commonwealth Equity Serv Incorporated has invested 0.01% in Las Vegas Sands Corp. (NYSE:LVS). American Century accumulated 3.31 million shares. Atalanta Sosnoff Limited Company reported 8,260 shares. Raymond James Financial Advsr Inc stated it has 0.02% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Private Advisor Grp Incorporated Ltd Liability Company stated it has 10,096 shares.

The stock of Las Vegas Sands Corp. (NYSE:LVS) hit a new 52-week high and has $79.73 target or 7.00 % above today’s $74.51 share price. The 5 months bullish chart indicates low risk for the $58.90 billion company. The 1-year high was reported on Jan, 21 by Barchart.com. If the $79.73 price target is reached, the company will be worth $4.12 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.06% or $0.78 during the last trading session, reaching $74.51. About 3.40 million shares traded or 15.47% up from the average. Las Vegas Sands Corp. (NYSE:LVS) has risen 28.09% since January 21, 2017 and is uptrending. It has outperformed by 11.39% the S&P500.

Analysts await Las Vegas Sands Corp. (NYSE:LVS) to report earnings on January, 24. They expect $0.75 EPS, up 20.97 % or $0.13 from last year’s $0.62 per share. LVS’s profit will be $592.86 million for 24.84 P/E if the $0.75 EPS becomes a reality. After $0.77 actual EPS reported by Las Vegas Sands Corp. for the previous quarter, Wall Street now forecasts -2.60 % negative EPS growth.

Las Vegas Sands Corp. (NYSE:LVS) Ratings Coverage

Among 22 analysts covering Las Vegas Sands (NYSE:LVS), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Las Vegas Sands has $85.0 highest and $42 lowest target. $62.78’s average target is -15.74% below currents $74.51 stock price. Las Vegas Sands had 53 analyst reports since July 23, 2015 according to SRatingsIntel. Susquehanna maintained the stock with “Positive” rating in Tuesday, January 26 report. Telsey Advisory Group maintained the shares of LVS in report on Friday, November 4 with “Market Perform” rating. The firm has “Market Perform” rating given on Thursday, April 27 by Telsey Advisory Group. The stock of Las Vegas Sands Corp. (NYSE:LVS) earned “Neutral” rating by JP Morgan on Thursday, April 21. The rating was downgraded by Standpoint Research on Thursday, March 17 to “Hold”. On Thursday, August 6 the stock rating was downgraded by Vetr to “Hold”. As per Wednesday, July 26, the company rating was maintained by Deutsche Bank. The stock has “Outperform” rating by CLSA on Friday, April 29. The rating was maintained by Susquehanna on Monday, May 1 with “Buy”. The rating was maintained by Goldman Sachs on Tuesday, August 18 with “Neutral”.

More notable recent Las Vegas Sands Corp. (NYSE:LVS) news were published by: Nasdaq.com which released: “Will Las Vegas Sands (LVS) Stock Continue to Surge in 2018?” on January 17, 2018, also Gurufocus.com with their article: “Capital Impact Advisors, LLC Buys Las Vegas Sands Corp, Parsley Energy Inc …” published on January 16, 2018, Fool.com published: “Why Las Vegas Sands Corp. Shares Popped 35% in 2017” on January 12, 2018. More interesting news about Las Vegas Sands Corp. (NYSE:LVS) were released by: Prnewswire.com and their article: “Fortune Names Las Vegas Sands to “World’s Most Admired Companies” List” published on January 19, 2018 as well as Reviewjournal.com‘s news article titled: “State workshops delve into Nevada energy choice measure” with publication date: January 17, 2018.

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. The company has market cap of $58.90 billion. It owns and operates The Venetian Macao Resort Hotel, Sands Cotai Central, The Parisian Macao, the Four Seasons Hotel Macao, Cotai Strip, the Plaza Casino, and the Sands Macao in Macao, the PeopleÂ’s Republic of China; and iconic Marina Bay Sands in Singapore. It has a 28.12 P/E ratio. The firm also owns and operates The Venetian Resort Hotel Casino and The Palazzo Resort Hotel Casino on the Las Vegas Strip; the Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania.

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