Las Vegas Sands (NYSE:LVS - Get Free Report) had its price objective raised by stock analysts at UBS Group from $49.00 to $50.00 in a report released on Tuesday. The brokerage presently has a "neutral" rating on the casino operator's stock. UBS Group's price objective would suggest a potential downside of 1.54% from the company's current price.
A number of other analysts have also commented on the company. Argus lowered Las Vegas Sands from a "buy" rating to a "hold" rating in a research report on Thursday, August 15th. Macquarie reduced their target price on Las Vegas Sands from $58.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Morgan Stanley raised their target price on Las Vegas Sands from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group reduced their target price on Las Vegas Sands from $53.00 to $47.00 and set a "hold" rating on the stock in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Las Vegas Sands presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.
View Our Latest Report on LVS
Las Vegas Sands stock traded down $0.59 during mid-day trading on Tuesday, hitting $50.78. 2,902,397 shares of the company were exchanged, compared to its average volume of 5,764,114. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The business has a fifty day moving average of $46.82 and a 200 day moving average of $44.46. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $55.65. The company has a market capitalization of $36.82 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.35 and a beta of 1.11.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the business posted $0.55 earnings per share. The business's quarterly revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts expect that Las Vegas Sands will post 2.35 earnings per share for the current year.
In related news, CEO Robert G. Goldstein sold 119,221 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the sale, the chief executive officer now owns 84,511 shares in the company, valued at approximately $4,540,776.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Las Vegas Sands by 0.6% during the 1st 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 in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Las Vegas Sands by 7.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 211,320 shares of the casino operator's stock worth $10,929,000 after purchasing an additional 15,216 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Las Vegas Sands by 2.0% during the 1st quarter. Clearbridge Investments LLC now owns 641,682 shares of the casino operator's stock worth $33,175,000 after purchasing an additional 12,500 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Las Vegas Sands by 7,647.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 443,325 shares of the casino operator's stock worth $19,617,000 after purchasing an additional 437,603 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Las Vegas Sands during the 2nd quarter worth $619,000. Institutional investors own 39.16% of the company's stock.
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.
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