Las Vegas Sands' (LVS) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Las Vegas Sands received a "hold (c)" rating reaffirmed by Weiss Ratings, indicating a cautious outlook on the company's stock performance.
• Multiple research firms have recently adjusted their price targets for Las Vegas Sands, with Mizuho setting a new target of $56.00 and Argus raising theirs to $65.00.
• Las Vegas Sands reported a strong quarterly performance with $3.18 billion in revenue, surpassing analysts' expectations, and 12.16% net margin.

Las Vegas Sands (NYSE:LVS - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other research firms have also weighed in on LVS. Mizuho boosted their price objective on shares of Las Vegas Sands from $47.00 to $56.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Argus boosted their price objective on shares of Las Vegas Sands from $60.00 to $65.00 in a research note on Tuesday, September 23rd. Morgan Stanley boosted their price objective on shares of Las Vegas Sands from $50.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 11th. UBS Group upped their price target on shares of Las Vegas Sands from $55.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Finally, The Goldman Sachs Group decreased their price target on shares of Las Vegas Sands from $59.00 to $58.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $60.20.

Las Vegas Sands Stock Up 2.8%

Las Vegas Sands stock opened at $53.25 on Wednesday. The firm has a market capitalization of $36.55 billion, a PE ratio of 26.89, a P/E/G ratio of 1.87 and a beta of 1.01. The company's 50-day moving average is $53.94 and its 200-day moving average is $45.64. Las Vegas Sands has a fifty-two week low of $30.18 and a fifty-two week high of $58.05. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.26. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. Las Vegas Sands's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. Sell-side analysts anticipate that Las Vegas Sands will post 2.6 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Total Investment Management Inc. acquired a new position in shares of Las Vegas Sands during the 2nd quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator's stock worth $38,000 after purchasing an additional 239 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Las Vegas Sands during the 2nd quarter worth approximately $41,000. CYBER HORNET ETFs LLC bought a new stake in shares of Las Vegas Sands during the 2nd quarter worth approximately $42,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Las Vegas Sands during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 39.16% of the company's stock.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.

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