Analysts Set Las Vegas Sands Corp. (NYSE:LVS) PT at $49.54

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NYSE:LVS – Get Rating) have received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $49.54.

LVS has been the topic of several recent research reports. StockNews.com raised shares of Las Vegas Sands to a “sell” rating in a research note on Tuesday, May 10th. Morgan Stanley cut their target price on shares of Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, April 25th. Wells Fargo & Company upped their target price on shares of Las Vegas Sands from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 27th. Zacks Investment Research raised shares of Las Vegas Sands from a “sell” rating to a “hold” rating and set a $42.00 target price on the stock in a research note on Monday, April 4th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Las Vegas Sands from $60.00 to $53.00 in a research note on Thursday, April 28th.

Several hedge funds and other institutional investors have recently bought and sold shares of LVS. Capital World Investors grew its position in shares of Las Vegas Sands by 561.5% in the 3rd quarter. Capital World Investors now owns 19,678,651 shares of the casino operator’s stock valued at $720,239,000 after buying an additional 16,703,651 shares during the last quarter. Invesco Ltd. boosted its stake in Las Vegas Sands by 86.2% during the 3rd quarter. Invesco Ltd. now owns 8,475,909 shares of the casino operator’s stock worth $310,219,000 after purchasing an additional 3,924,762 shares during the period. Wellington Management Group LLP lifted its stake in shares of Las Vegas Sands by 81.9% in the 3rd quarter. Wellington Management Group LLP now owns 6,517,613 shares of the casino operator’s stock worth $238,545,000 after acquiring an additional 2,934,018 shares during the period. Norges Bank acquired a new stake in shares of Las Vegas Sands in the 4th quarter worth $86,309,000. Finally, Suvretta Capital Management LLC acquired a new stake in shares of Las Vegas Sands in the 1st quarter worth $88,440,000. 34.33% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands (NYSE:LVS – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The casino operator reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Las Vegas Sands had a negative return on equity of 33.07% and a net margin of 46.40%. The company had revenue of $943.00 million during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the company posted ($0.25) earnings per share. The business’s revenue was down 21.2% compared to the same quarter last year. As a group, research analysts predict that Las Vegas Sands will post -0.64 EPS for the current fiscal year.

About Las Vegas Sands (Get Rating)

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. 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.