Las Vegas Sands (NYSE:LVS) had its price target upped by equities researchers at Morgan Stanley from $85.00 to $86.00 in a research note issued on Tuesday. The brokerage currently has an “overweight” rating on the casino operator’s stock. Morgan Stanley’s price objective indicates a potential upside of 13.26% from the stock’s previous close.
LVS has been the subject of a number of other research reports. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “strong-buy” rating and set a $84.00 target price for the company in a report on Monday, April 30th. Telsey Advisory Group initiated coverage on Las Vegas Sands in a report on Tuesday, March 13th. They set a “market perform” rating and a $76.00 target price for the company. ValuEngine raised Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Finally, JPMorgan Chase & Co. lifted their target price on Las Vegas Sands from $74.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, April 26th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Las Vegas Sands currently has a consensus rating of “Hold” and a consensus price target of $76.83.
Shares of Las Vegas Sands opened at $75.93 on Tuesday, Marketbeat reports. Las Vegas Sands has a 1 year low of $59.16 and a 1 year high of $81.45. The firm has a market cap of $59.87 billion, a price-to-earnings ratio of 24.98 and a beta of 1.67. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.18 and a quick ratio of 1.16.
Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, April 25th. The casino operator reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.19. Las Vegas Sands had a return on equity of 36.43% and a net margin of 28.32%. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. sell-side analysts forecast that Las Vegas Sands will post 3.62 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Centaurus Financial Inc. bought a new position in shares of Las Vegas Sands in the first quarter worth $117,000. Point72 Asia Hong Kong Ltd bought a new position in shares of Las Vegas Sands in the first quarter worth $118,000. Truewealth LLC bought a new position in shares of Las Vegas Sands in the fourth quarter worth $130,000. Synovus Financial Corp bought a new position in shares of Las Vegas Sands in the first quarter worth $152,000. Finally, Parallel Advisors LLC increased its position in shares of Las Vegas Sands by 297.0% in the first quarter. Parallel Advisors LLC now owns 2,354 shares of the casino operator’s stock worth $169,000 after purchasing an additional 1,761 shares during the period. Institutional investors own 37.55% of the company’s stock.
About Las Vegas Sands
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 Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
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