Las Vegas Sands Corp. (NYSE:LVS – Get Free Report) has earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $59.92.
Several analysts have weighed in on LVS shares. Mizuho lifted their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Susquehanna lifted their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Wells Fargo & Company lifted their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Barclays lifted their target price on shares of Las Vegas Sands from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Las Vegas Sands from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, December 13th.
Check Out Our Latest Stock Analysis on Las Vegas Sands
Insider Buying and Selling
Institutional Investors Weigh In On Las Vegas Sands
A number of hedge funds have recently added to or reduced their stakes in LVS. Wilmington Savings Fund Society FSB purchased a new stake in Las Vegas Sands during the 3rd quarter valued at $26,000. CVA Family Office LLC raised its stake in Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after buying an additional 304 shares during the last quarter. UMB Bank n.a. raised its stake in Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after buying an additional 247 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Las Vegas Sands during the 3rd quarter valued at $34,000. Finally, GAMMA Investing LLC raised its stake in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after buying an additional 243 shares during the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.
Las Vegas Sands Stock Performance
Las Vegas Sands stock opened at $43.46 on Thursday. The stock’s 50 day simple moving average is $50.30 and its two-hundred day simple moving average is $46.64. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a market cap of $31.51 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 1.00 and a beta of 1.09. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $56.60.
Las Vegas Sands (NYSE:LVS – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. As a group, analysts expect that Las Vegas Sands will post 2.36 earnings per share for the current fiscal year.
Las Vegas Sands Company Profile
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.
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