A number of other equities analysts also recently weighed in on the stock. Standpoint Research started coverage on shares of Las Vegas Sands in a report on Wednesday, September 4th. They set a “buy” rating on the stock. Deutsche Bank upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their target price for the stock from $69.00 to $70.00 in a report on Sunday, September 8th. JPMorgan Chase & Co. reduced their price objective on shares of Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Credit Suisse Group reaffirmed a “hold” rating and set a $62.00 price objective on shares of Las Vegas Sands in a research report on Monday, October 28th. Finally, UBS Group reduced their price objective on shares of Las Vegas Sands from $63.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $68.22.
LVS traded up $0.27 during trading on Friday, reaching $64.08. 2,183,362 shares of the stock were exchanged, compared to its average volume of 4,306,754. The stock has a market cap of $49.01 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 5.93 and a beta of 1.61. Las Vegas Sands has a twelve month low of $47.39 and a twelve month high of $69.60. The stock’s 50 day moving average price is $58.59 and its two-hundred day moving average price is $59.26. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.59 and a current ratio of 1.60.
Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 23rd. The casino operator reported $0.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.75. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.30 billion. Las Vegas Sands had a net margin of 13.86% and a return on equity of 37.04%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. Equities research analysts predict that Las Vegas Sands will post 3.15 earnings per share for the current fiscal year.
In other news, EVP Lawrence A. Jacobs sold 66,667 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $60.16, for a total value of $4,010,686.72. Following the completion of the sale, the executive vice president now owns 66,667 shares of the company’s stock, valued at $4,010,686.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Kathleen Bender Patton sold 2,008 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $35.60, for a total transaction of $71,484.80. Insiders own 10.50% of the company’s stock.
Several institutional investors have recently made changes to their positions in LVS. Renaissance Technologies LLC boosted its position in shares of Las Vegas Sands by 2,233.4% in the second quarter. Renaissance Technologies LLC now owns 2,431,354 shares of the casino operator’s stock valued at $143,669,000 after acquiring an additional 2,327,154 shares during the period. Alpine Group USVI LLC bought a new stake in shares of Las Vegas Sands in the third quarter valued at about $119,680,000. Nuveen Asset Management LLC bought a new stake in shares of Las Vegas Sands in the second quarter valued at about $117,535,000. Boston Partners boosted its position in shares of Las Vegas Sands by 16.5% in the second quarter. Boston Partners now owns 6,063,064 shares of the casino operator’s stock valued at $358,510,000 after acquiring an additional 858,697 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Las Vegas Sands by 3.7% in the second quarter. BlackRock Inc. now owns 18,516,990 shares of the casino operator’s stock valued at $1,094,168,000 after acquiring an additional 664,769 shares during the period. 36.94% of the stock is owned by institutional investors.
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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