Editor’s Note: Related tickers: Las Vegas Sands Corp. (NYSE:LVS)
Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “sell” rating reaffirmed by investment analysts at Imperial Capital in a note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. Other equities research analysts have also recently issued reports about the stock. Analysts at Craig Hallum upgraded shares of Las Vegas Sands Corp. (NYSE:LVS) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $59.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research note to investors on Thursday, June 20th. Finally, analysts at Lazard Capital raised their EPS on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research note to investors on Thursday, June 20th. They now have a “buy” rating and a $69.00 price target on the stock. They previously had a $66.00 price target on the stock.
Las Vegas Sands (LVS) Sell-Off Creates Buying Chance – Imperial Capital (StreetInsider)
Imperial Capital reiterated an Outperform rating and $62 price target on Las Vegas Sands Corp. (NYSE:LVS) Wednesday. “The LVS shares are currently trading at an 11.7x TEV multiple based on our estimated consolidated 2013 results, which is down from 13.2x at the beginning of June,” analyst Gregg Klein notes. “The shares have traded off over the past week due to fears that the economy in China is slowing down and that VIP junket play could decline due to tighter credit market conditions on the mainland. We think this sell-off creates a buying opportunity, which supports our Outperform rating and $62 price target on the LVS shares.” For an analyst ratings summary and ratings history on Las Vegas Sands Corp. (NYSE:LVS) click here. For more ratings news on Las Vegas Sands click here.
Is This Casino Stock Worth the Gamble? (Fool)
It’s been a turbulent two weeks for investors. First, Uncle Ben’s hint at the end of QE3 in 2014 sent the markets into a tailspin. Bond yields spiked to 2-year highs, stocks fell, and market volatility returned with a vengeance. This week, reports that China’s financial system might be facing a liquidity crisis caused all China-related stocks to collapse as well. This double pressure from the U.S. and Chinese markets has put Las Vegas Sands Corp. (NYSE:LVS), the largest casino company in the world by market cap, in a tough spot. The stock, which has risen more than 2,000% since the dark days of the financial crisis, recently dipped under $50 for the first time in four months. Should investors consider picking up some shares of this volatile growth stock while the markets are off balance, or are lower prices coming soon?
CFO for Las Vegas Sands leaving, but will remain as consultant (CasinoCityTimes)
The chief financial officer for Las Vegas Sands Corp. (NYSE:LVS) is leaving the company but will stay on as a consultant over a six-month period until a replacement is named. The casino operator announced the departure of Kenneth Kay in a filing with the Securities and Exchange Commission Tuesday. Kay is officially leaving on July 31. Kay has been with Las Vegas Sands Corp. (NYSE:LVS) since December 2008. According to the SEC filing, Kay entered into “a six-month consultancy agreement” with the company to provide transitional services as needed. Las Vegas Sands Corp. (NYSE:LVS) spokesman Ron Reese declined comment on Kay’s departure. It’s unclear whether Kay resigned or was terminated by the company.
