Las Vegas Sands (NYSE:LVS) was upgraded by equities research analysts at Goldman Sachs Group to a “buy” rating in a report released on Tuesday, TipRanks reports.
Several other equities analysts have also recently issued reports on LVS. Telsey Advisory Group reissued a “market perform” rating and set a $64.00 target price (up from $58.00) on shares of Las Vegas Sands in a research note on Thursday, April 18th. Bank of America reaffirmed a “neutral” rating and issued a $70.00 price target (up from $64.00) on shares of Las Vegas Sands in a research note on Wednesday, April 17th. HSBC downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. They noted that the move was a valuation call. JPMorgan Chase & Co. boosted their target price on Las Vegas Sands from $62.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Finally, Deutsche Bank upped their price target on Las Vegas Sands from $60.00 to $69.00 and gave the company a “hold” rating in a report on Thursday, April 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $68.46.
Shares of NYSE LVS traded up $0.56 during trading hours on Tuesday, reaching $58.69. 3,725,778 shares of the stock traded hands, compared to its average volume of 4,015,276. The stock has a market cap of $45.52 billion, a price-to-earnings ratio of 17.68 and a beta of 1.52. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 1.85. Las Vegas Sands has a 52-week low of $47.39 and a 52-week high of $81.45.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Las Vegas Sands had a return on equity of 34.52% and a net margin of 11.15%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS. On average, analysts forecast that Las Vegas Sands will post 3.59 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Meridian Wealth Management LLC purchased a new stake in shares of Las Vegas Sands during the first quarter worth about $58,000. Rehmann Capital Advisory Group grew its position in shares of Las Vegas Sands by 49.0% during the first quarter. Rehmann Capital Advisory Group now owns 605 shares of the casino operator’s stock worth $37,000 after purchasing an additional 199 shares in the last quarter. Allstate Corp grew its position in shares of Las Vegas Sands by 14.0% during the first quarter. Allstate Corp now owns 51,834 shares of the casino operator’s stock worth $3,160,000 after purchasing an additional 6,370 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Las Vegas Sands by 119.1% during the first quarter. Advisory Services Network LLC now owns 4,149 shares of the casino operator’s stock worth $253,000 after purchasing an additional 2,255 shares in the last quarter. Finally, Kore Private Wealth LLC purchased a new stake in shares of Las Vegas Sands during the first quarter worth about $66,000. 36.44% of the stock is currently owned by institutional investors.
Las Vegas Sands Company Profile
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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