Las Vegas Sands (NYSE:LVS – Get Free Report) had its price target cut by investment analysts at Wells Fargo & Company from $60.00 to $58.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the casino operator’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 36.28% from the stock’s current price.
LVS has been the topic of a number of other research reports. Stifel Nicolaus decreased their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Citigroup lifted their price target on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Barclays reduced their price target on Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, June 7th. Mizuho reduced their price target on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $63.15.
Read Our Latest Research Report on LVS
Las Vegas Sands Trading Up 0.6 %
Las Vegas Sands (NYSE:LVS – Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. Research analysts expect that Las Vegas Sands will post 2.69 earnings per share for the current fiscal year.
Institutional Trading of Las Vegas Sands
Hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC increased its stake in Las Vegas Sands by 21.8% during the third quarter. LPL Financial LLC now owns 163,638 shares of the casino operator’s stock worth $7,501,000 after purchasing an additional 29,323 shares during the period. Gotham Asset Management LLC increased its stake in Las Vegas Sands by 172.9% during the third quarter. Gotham Asset Management LLC now owns 16,654 shares of the casino operator’s stock worth $763,000 after purchasing an additional 10,552 shares during the period. Seven Eight Capital LP increased its stake in Las Vegas Sands by 177.5% during the third quarter. Seven Eight Capital LP now owns 258,673 shares of the casino operator’s stock worth $11,858,000 after purchasing an additional 165,470 shares during the period. Schroder Investment Management Group increased its stake in Las Vegas Sands by 27.9% during the third quarter. Schroder Investment Management Group now owns 2,850,081 shares of the casino operator’s stock worth $130,648,000 after purchasing an additional 622,480 shares during the period. Finally, Royal London Asset Management Ltd. increased its stake in Las Vegas Sands by 13.6% during the third quarter. Royal London Asset Management Ltd. now owns 128,580 shares of the casino operator’s stock worth $5,896,000 after purchasing an additional 15,365 shares during the period. 39.16% of the stock is owned by institutional investors and hedge funds.
About Las Vegas Sands
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.
Further Reading
- Five stocks we like better than Las Vegas Sands
- What Is WallStreetBets and What Stocks Are They Targeting?
- AbbVie Stock: A Perfect Dip for Investors to Buy
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- Following Congress Stock Trades
- GitLab Stock Rebounds: The Inside Story of Its Comeback
Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.