Las Vegas Sands (NYSE:LVS) PT Raised to $55.00 at Morgan Stanley

Las Vegas Sands (NYSE:LVS) had its price target increased by equities research analysts at Morgan Stanley from $50.00 to $55.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the casino operator’s stock. Morgan Stanley’s price target indicates a potential upside of 7.76% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. UBS Group cut Las Vegas Sands from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $70.00 to $49.00 in a research note on Friday, August 23rd. Susquehanna boosted their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Macquarie reduced their price objective on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Wells Fargo & Company upped their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.83.

Las Vegas Sands Trading Down 1.4 %

NYSE:LVS opened at $51.04 on Tuesday. Las Vegas Sands has a 12 month low of $36.62 and a 12 month high of $55.65. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. The stock has a market capitalization of $38.03 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.48 and a beta of 1.12. The firm has a fifty day simple moving average of $44.94 and a two-hundred day simple moving average of $44.40.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts expect that Las Vegas Sands will post 2.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Las Vegas Sands

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Las Vegas Sands by 0.6% in the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after purchasing an additional 209,589 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Las Vegas Sands by 27.6% in the 1st quarter. Nordea Investment Management AB now owns 891,796 shares of the casino operator’s stock worth $46,124,000 after buying an additional 193,110 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in Las Vegas Sands by 7.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 211,320 shares of the casino operator’s stock valued at $10,929,000 after buying an additional 15,216 shares during the period. Clearbridge Investments LLC increased its holdings in Las Vegas Sands by 2.0% during the first quarter. Clearbridge Investments LLC now owns 641,682 shares of the casino operator’s stock worth $33,175,000 after buying an additional 12,500 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Las Vegas Sands by 7,647.7% in the second quarter. Assenagon Asset Management S.A. now owns 443,325 shares of the casino operator’s stock worth $19,617,000 after acquiring an additional 437,603 shares during the period. 39.16% of the stock is owned by institutional investors.

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.