Growth stocks – also known as “glamor stocks” – are shares of a company where the company’s earnings are expected to grow at above-average rate relative to the market. These are healthy stocks that have shown a high earnings per share growth of over 25% over the last five years.
Once such company, Melco Crown Entertainment Ltd, rose 1.38% to end at $18.40. The company saw a total traded volume of 3.59 million shares. The resultant market capitalization $9.38 billion. The share price hit a 52-week high of $28.17 and a 52-week low of $12.80.
Melco Crown Entertainment Ltd has obtained approval for 210 new gaming tables which are destined to open on the 27th of October, as well as an extra 40 tables which will open by the end of the year, according to Bloomberg.
The consensus of brokerage firm analysts is a short term price target of $23.80 for the stock. This is the average based on the eight analysts that have issued projections during the past year. The highest analyst’s estimate is a price target of $29.20 while the lowest is a goal of $15.50 target.
Banco Santander (Brasil) SA provides banking products and services in Brazil and around the world. The company offers commercial banking, investments, mortgage, leasing, credit cards, foreign exchange services, as well as various financing and lending.
It also provides buying club management and securities, as well as insurance brokerage, capitalization, and pension plan services. The company was founded in 1957 and has its headquarters in Sao Paulo, Brazil.