Jefferies Group assumed coverage on shares of Las Vegas Sands (NYSE:LVS) in a research report issued on Thursday, The Fly reports. The firm set a “hold” rating on the casino operator’s stock.
Several other equities research analysts have also recently weighed in on LVS. Zacks Investment Research upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Friday, October 13th. Roth Capital began coverage on Las Vegas Sands in a report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price objective for the company. Morgan Stanley increased their price objective on Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Deutsche Bank increased their price objective on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, Gabelli increased their price objective on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $66.26.
Shares of Las Vegas Sands (LVS) traded up $0.84 during trading on Thursday, hitting $73.51. The stock had a trading volume of 4,289,000 shares, compared to its average volume of 3,538,273. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.07 and a quick ratio of 1.05. The company has a market cap of $58,280.00, a price-to-earnings ratio of 27.74 and a beta of 1.80. Las Vegas Sands has a 12-month low of $51.35 and a 12-month high of $74.16.
Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the company earned $0.72 EPS. Las Vegas Sands’s revenue for the quarter was up 7.7% compared to the same quarter last year. analysts expect that Las Vegas Sands will post 2.9 EPS for the current year.
In other Las Vegas Sands news, Director George Jamieson bought 1,000 shares of Las Vegas Sands stock in a transaction 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 acquisition, the director now owns 6,488 shares in the company, valued at $434,436.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 10.10% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. San Francisco Sentry Investment Group CA bought a new stake in shares of Las Vegas Sands in the third quarter worth $181,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Las Vegas Sands in the third quarter worth $198,000. Chase Investment Counsel Corp bought a new stake in shares of Las Vegas Sands in the third quarter worth $200,000. Crossmark Global Holdings Inc. bought a new stake in shares of Las Vegas Sands in the third quarter worth $209,000. Finally, SevenBridge Financial Group LLC grew its holdings in shares of Las Vegas Sands by 199.5% in the third quarter. SevenBridge Financial Group LLC now owns 3,250 shares of the casino operator’s stock worth $209,000 after acquiring an additional 2,165 shares during the period. 37.45% of the stock is owned by institutional investors.
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About Las Vegas Sands
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.