Las Vegas Sands Corp. (NYSE:LVS) Given Average Rating of “Hold” by Analysts
NYSE:LVS – Get Rating) have been given a consensus rating of “Hold” by the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $50.17.
Several brokerages have recently commented on LVS. StockNews.com upgraded shares of Las Vegas Sands to a “sell” rating in a research note on Tuesday, May 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Las Vegas Sands from $60.00 to $53.00 in a research note on Thursday, April 28th. Stifel Nicolaus reduced their price target on shares of Las Vegas Sands from $56.00 to $46.00 in a research report on Thursday, April 28th. Finally, Morgan Stanley reduced their price target on shares of Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th.
Las Vegas Sands stock opened at $31.67 on Friday. The firm has a market capitalization of $24.20 billion, a PE ratio of 13.14 and a beta of 1.28. The company has a debt-to-equity ratio of 3.19, a current ratio of 3.14 and a quick ratio of 3.13. The company’s fifty day moving average price is $34.54 and its two-hundred day moving average price is $38.19. Las Vegas Sands has a 52-week low of $28.88 and a 52-week high of $54.67.Las Vegas Sands (NYSE:LVS – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The casino operator reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The business had revenue of $943.00 million during the quarter, compared to the consensus estimate of $1.13 billion. Las Vegas Sands had a net margin of 46.40% and a negative return on equity of 33.07%. The company’s quarterly revenue was down 21.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.25) EPS. Analysts predict that Las Vegas Sands will post -0.64 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of LVS. Capital World Investors increased its stake in Las Vegas Sands by 74.1% during the 4th quarter. Capital World Investors now owns 34,255,198 shares of the casino operator’s stock worth $1,289,366,000 after purchasing an additional 14,576,547 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Las Vegas Sands by 81.9% during 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 in the last quarter. Invesco Ltd. grew its stake in shares of Las Vegas Sands by 33.1% during the 1st quarter. Invesco Ltd. now owns 11,585,224 shares of the casino operator’s stock worth $450,316,000 after acquiring an additional 2,883,573 shares in the last quarter. Norges Bank bought a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $86,309,000. Finally, Suvretta Capital Management LLC bought a new position in shares of Las Vegas Sands during the 1st quarter worth approximately $88,440,000. 34.33% of the stock is owned by institutional investors and hedge funds.
Las Vegas Sands Company Profile (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.