Las Vegas Sands Corp. (NYSE:LVS) Receives Consensus Recommendation of “Hold” from Analysts

Las Vegas Sands Corp. (NYSE:LVSGet Rating) has received an average recommendation of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $49.54.

A number of analysts have issued reports on LVS shares. Morgan Stanley decreased their target price on Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday, April 25th. Deutsche Bank Aktiengesellschaft decreased their target price on Las Vegas Sands from $60.00 to $53.00 in a research report on Thursday, April 28th. Zacks Investment Research raised Las Vegas Sands from a “sell” rating to a “hold” rating and set a $42.00 target price for the company in a research report on Monday, April 4th. Wells Fargo & Company raised their target price on Las Vegas Sands from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 27th. Finally, Stifel Nicolaus decreased their target price on Las Vegas Sands from $56.00 to $46.00 in a research report on Thursday, April 28th.

A number of large investors have recently bought and sold shares of LVS. Russell Investments Group Ltd. boosted its stake in Las Vegas Sands by 43.4% during the third quarter. Russell Investments Group Ltd. now owns 33,394 shares of the casino operator’s stock valued at $1,220,000 after buying an additional 10,114 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in Las Vegas Sands by 147.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 5,824 shares of the casino operator’s stock worth $213,000 after purchasing an additional 3,474 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in Las Vegas Sands by 162.3% during the third quarter. Rafferty Asset Management LLC now owns 18,812 shares of the casino operator’s stock worth $689,000 after purchasing an additional 11,641 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Las Vegas Sands by 5.2% during the third quarter. Mutual of America Capital Management LLC now owns 44,613 shares of the casino operator’s stock worth $1,633,000 after purchasing an additional 2,213 shares during the last quarter. Finally, BOKF NA bought a new stake in Las Vegas Sands during the third quarter worth about $911,000. 34.33% of the stock is owned by institutional investors.

LVS opened at $32.99 on Tuesday. The company has a current ratio of 3.14, a quick ratio of 3.13 and a debt-to-equity ratio of 3.19. The company has a market capitalization of $25.21 billion, a price-to-earnings ratio of 13.69 and a beta of 1.28. The stock has a 50 day moving average of $36.29 and a 200 day moving average of $38.93. Las Vegas Sands has a 12 month low of $28.88 and a 12 month high of $59.84.

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

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.

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@thegamblingnews

Global developer and operator of convention-based integrated casino resorts Las Vegas Sands (LVS) Corp:

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@_casinoreviews

Las Vegas Sands, the casino operator with several properties in #Macau and #Singapore, has reported net revenues of $1.05 billion for Q2 2022, a fall of 11% from the same period last year. 🧐