Jefferies Group Reiterates Hold Rating for Las Vegas Sands (LVS)

Las Vegas Sands (NYSE:LVS)‘s stock had its “hold” rating reaffirmed by Jefferies Group in a report issued on Thursday. Jefferies Group also issued estimates for Las Vegas Sands’ Q1 2018 earnings at $0.88 EPS, Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $0.88 EPS, Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $3.45 EPS, Q1 2019 earnings at $0.93 EPS, Q2 2019 earnings at $0.81 EPS, Q3 2019 earnings at $0.93 EPS, Q4 2019 earnings at $0.97 EPS and FY2019 earnings at $3.64 EPS.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, November 8th. Gabelli raised their target price on shares of Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Roth Capital initiated coverage on shares of Las Vegas Sands in a research note on Wednesday, October 25th. They issued a “buy” rating and a $69.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and issued a $76.00 target price on shares of Las Vegas Sands in a research note on Tuesday, January 9th. Finally, Morgan Stanley raised their target price on shares of Las Vegas Sands from $63.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $70.54.

Las Vegas Sands (LVS) traded up $0.14 during midday trading on Thursday, hitting $75.50. 7,810,226 shares of the stock were exchanged, compared to its average volume of 3,420,000. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. Las Vegas Sands has a 12 month low of $51.35 and a 12 month high of $78.57. The firm has a market capitalization of $59,680.00, a P/E ratio of 21.33 and a beta of 1.80.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, January 24th. The casino operator reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.11. Las Vegas Sands had a net margin of 21.78% and a return on equity of 34.76%. The business had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the business earned $0.62 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. sell-side analysts predict that Las Vegas Sands will post 3.21 earnings per share for the current fiscal year.

In other Las Vegas Sands news, Director George Jamieson bought 1,000 shares of Las Vegas Sands stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $66.96 per share, with a total value of $66,960.00. Following the completion of the transaction, the director now owns 6,488 shares in the company, valued at approximately $434,436.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA bought a new stake in shares of Las Vegas Sands in the third quarter valued at about $181,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Las Vegas Sands in the third quarter valued at about $198,000. Chase Investment Counsel Corp bought a new stake in shares of Las Vegas Sands in the third quarter valued at about $200,000. SevenBridge Financial Group LLC boosted its position 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 valued at $209,000 after acquiring an additional 2,165 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Las Vegas Sands in the third quarter valued at about $209,000. 37.20% 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.

Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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