Las Vegas Sands Corp. (NYSE:LVS) Stock Rating Reaffirmed by Deutsche Bank AG
Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank AG in a note issued to investors on Thursday. They presently have a $54.00 price target on the casino operator’s stock, up from their prior price target of $52.00. Deutsche Bank AG’s target price suggests a potential downside of 13.28% from the company’s current price.
LVS has been the topic of a number of other reports. Instinet restated a “neutral” rating and issued a $54.00 target price (up from $50.00) on shares of Las Vegas Sands Corp. in a report on Monday, June 19th. Zacks Investment Research upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, June 27th. Stifel Nicolaus restated a “buy” rating and issued a $66.00 target price on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th. Wells Fargo & Company restated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th. Finally, Vetr downgraded shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 target price on the stock. in a report on Monday, June 5th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $62.65.
Las Vegas Sands Corp. (NYSE LVS) traded up 1.01% on Thursday, hitting $62.27. The stock had a trading volume of 4,247,287 shares. The stock’s 50-day moving average is $63.34 and its 200-day moving average is $57.87. The company has a market cap of $49.44 billion, a P/E ratio of 27.07 and a beta of 1.81. Las Vegas Sands Corp. has a 52-week low of $49.09 and a 52-week high of $66.22.
Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.14. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a net margin of 15.51% and a return on equity of 26.93%. Las Vegas Sands Corp.’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. Analysts expect that Las Vegas Sands Corp. will post $2.60 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in LVS. TrimTabs Asset Management LLC increased its stake in shares of Las Vegas Sands Corp. by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock worth $105,000 after buying an additional 864 shares during the period. Financial Architects Inc increased its position in Las Vegas Sands Corp. by 226.1% in the first quarter. Financial Architects Inc now owns 1,875 shares of the casino operator’s stock valued at $107,000 after buying an additional 1,300 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Las Vegas Sands Corp. during the first quarter valued at about $119,000. Nikko Asset Management Americas Inc. bought a new position in Las Vegas Sands Corp. during the first quarter valued at about $154,000. Finally, Point72 Asia Hong Kong Ltd increased its position in Las Vegas Sands Corp. by 87.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,994 shares of the casino operator’s stock valued at $171,000 after buying an additional 1,395 shares during the last quarter. 38.24% of the stock is currently owned by hedge funds and other institutional investors.
Las Vegas Sands Corp. 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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