Equities research analysts at Jefferies Group initiated coverage on shares of Las Vegas Sands (NYSE:LVS) in a research report issued on Thursday. The brokerage set a “hold” rating and a $73.00 price target on the casino operator’s stock. Jefferies Group’s price target indicates a potential downside of 2.03% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Morgan Stanley increased their price target on Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Gabelli increased their price target on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Nomura increased their price target on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Finally, Barclays increased their price target on Las Vegas Sands from $69.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 7th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Las Vegas Sands has an average rating of “Buy” and a consensus target price of $66.71.
Las Vegas Sands (LVS) traded up $0.78 during trading hours on Thursday, hitting $74.51. The stock had a trading volume of 3,382,592 shares, compared to its average volume of 2,900,000. Las Vegas Sands has a 12 month low of $51.35 and a 12 month high of $75.00. The company has a market capitalization of $58,900.00, a PE ratio of 28.12 and a beta of 1.80. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07.
Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities analysts expect that Las Vegas Sands will post 2.9 EPS for the current fiscal year.
In other news, Director George Jamieson bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average price of $66.96 per share, with a total value of $66,960.00. Following the completion of the purchase, the director now directly owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 10.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Martingale Asset Management L P purchased a new stake in shares of Las Vegas Sands during the second quarter valued at $1,407,000. Stephens Inc. AR lifted its holdings in shares of Las Vegas Sands by 0.7% during the second quarter. Stephens Inc. AR now owns 4,389 shares of the casino operator’s stock valued at $280,000 after purchasing an additional 31 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of Las Vegas Sands by 40.6% during the second quarter. Profund Advisors LLC now owns 7,995 shares of the casino operator’s stock valued at $511,000 after purchasing an additional 2,307 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Las Vegas Sands during the second quarter valued at $20,519,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of Las Vegas Sands by 32,715.8% during the second quarter. Lazard Asset Management LLC now owns 6,235 shares of the casino operator’s stock valued at $397,000 after purchasing an additional 6,216 shares during the last quarter. 37.45% of the stock is owned by institutional investors and hedge funds.
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Las Vegas Sands Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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