Las Vegas Sands (NYSE:LVS) PT Lowered to $39.00 at Morgan Stanley

Las Vegas Sands (NYSE:LVSGet Rating) had its price target lowered by research analysts at Morgan Stanley from $44.00 to $39.00 in a research note issued to investors on Monday, The Fly reports. Morgan Stanley’s price target suggests a potential upside of 7.14% from the company’s previous close.

Several other equities analysts also recently weighed in on LVS. Wells Fargo & Company raised their price target 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. UBS Group raised Las Vegas Sands from a “neutral” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Wednesday, January 19th. Zacks Investment Research raised Las Vegas Sands from a “sell” rating to a “hold” rating and set a $42.00 price objective for the company in a research report on Monday, April 4th. StockNews.com started coverage on Las Vegas Sands in a research report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, Citigroup lifted their price objective on Las Vegas Sands from $57.00 to $60.00 in a research report on Tuesday, January 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.85.

NYSE LVS opened at $36.40 on Monday. The company has a debt-to-equity ratio of 6.55, a current ratio of 2.15 and a quick ratio of 2.14. The business has a 50 day moving average price of $39.51 and a 200 day moving average price of $39.76. The company has a market capitalization of $27.81 billion, a P/E ratio of -28.89 and a beta of 1.31. Las Vegas Sands has a 1-year low of $31.26 and a 1-year high of $62.85.

Las Vegas Sands (NYSE:LVSGet Rating) last released its quarterly earnings results on Wednesday, January 26th. The casino operator reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.01. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.10 billion. Las Vegas Sands had a negative return on equity of 33.44% and a negative net margin of 22.70%. Las Vegas Sands’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.37) earnings per share. On average, research analysts expect that Las Vegas Sands will post 0.16 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its stake in shares of Las Vegas Sands by 10.7% during the third quarter. Janney Montgomery Scott LLC now owns 20,797 shares of the casino operator’s stock worth $761,000 after purchasing an additional 2,006 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Las Vegas Sands by 100.0% during the third quarter. Nordea Investment Management AB now owns 34,946 shares of the casino operator’s stock worth $1,280,000 after purchasing an additional 17,473 shares in the last quarter. AE Wealth Management LLC lifted its stake in shares of Las Vegas Sands by 35.0% during the third quarter. AE Wealth Management LLC now owns 43,566 shares of the casino operator’s stock worth $1,595,000 after purchasing an additional 11,305 shares in the last quarter. ING Groep NV lifted its stake in shares of Las Vegas Sands by 7.0% during the third quarter. ING Groep NV now owns 28,863 shares of the casino operator’s stock worth $1,056,000 after purchasing an additional 1,883 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Las Vegas Sands by 28.3% during the third quarter. Allworth Financial LP now owns 1,482 shares of the casino operator’s stock worth $54,000 after acquiring an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 34.33% of the company’s stock.

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.

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

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Singapore and $1 billion investment there focus of Las Vegas Sands Q2 earnings call

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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. 🧐