From MarketBeat:

Las Vegas Sands had its price objective raised by Morgan Stanley from $59.00 to $61.00 with an “overweight” rating. Other firms have also upgraded their target price, with a consensus rating of “Moderate Buy” and a price target of $68.82. LVS stock traded up 1.6% to $53.00. The company has earnings per share (EPS) of $0.57 for the quarter and a $2.00 billion stock buyback plan. Insider and institutional activity also shows confidence in the company.

Revenue up 161.0% compared to the same quarter last year; Morgan Stanley raises price target from $59.00 to $61.00 and gives an “overweight” rating.
Las Vegas Sands last posted earnings results on January 24th, with an EPS of $0.57 for the quarter, missing the consensus estimate of $0.61. Revenue was $2.92 billion for the quarter. The company has a 50-day simple moving average of $48.81 and a two-hundred day simple moving average of $49.81. Las Vegas Sands declared a stock buyback plan, leading to optimism about the future of the company.

Insider activity shows confidence in the company; major shareholder Miriam Adelson sold 12,253,628 shares for $529,724,338.44. Institutional investors are adding to their positions in Las Vegas Sands, which currently has a “Moderate Buy” rating among analysts.
Major shareholder Miriam Adelson sold over 12 million shares for over $500 million, signaling confidence in the company’s future. Institutional investors are also increasing their positions in the stock, which currently has a “Moderate Buy” rating.

Las Vegas Sands(NYSE:LVS) is a global integrated resort developer and operator with properties in Macao and Singapore. The company operates several hotels and resorts in these locations, including well-known properties such as The Venetian Macao and Marina Bay Sands.
Las Vegas Sands is a global integrated resort developer and operator with properties in Macao and Singapore, including well-known properties such as The Venetian Macao and Marina Bay Sands.

None
None



Read more: Las Vegas Sands (NYSE:LVS) Price Target Increased to $61.00 by Analysts at Morgan Stanley