Las Vegas Sands (NYSE:LVS - Get Free Report) had its price objective upped by equities research analysts at Morgan Stanley from $47.00 to $50.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the casino operator's stock. Morgan Stanley's price objective suggests a potential downside of 5.51% from the company's previous close.
LVS has been the subject of several other research reports. Citigroup reissued a "buy" rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. UBS Group lifted their price target on Las Vegas Sands from $48.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Susquehanna dropped their price objective on Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating for the company in a report on Monday, July 21st. Wall Street Zen raised Las Vegas Sands from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Barclays upped their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Las Vegas Sands presently has an average rating of "Moderate Buy" and an average target price of $58.33.
Read Our Latest Stock Analysis on Las Vegas Sands
Las Vegas Sands Stock Down 0.2%
LVS stock traded down $0.10 during mid-day trading on Wednesday, reaching $52.92. 936,509 shares of the company traded hands, compared to its average volume of 5,729,357. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 6.53. The firm's 50 day moving average price is $46.60 and its 200 day moving average price is $42.54. The stock has a market cap of $36.32 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 2.05 and a beta of 1.08. Las Vegas Sands has a fifty-two week low of $30.18 and a fifty-two week high of $56.60.
Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.26. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm's quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. As a group, equities research analysts predict that Las Vegas Sands will post 2.6 EPS for the current fiscal year.
Las Vegas Sands announced that its Board of Directors has initiated a share buyback program on Wednesday, April 23rd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the casino operator to repurchase up to 8.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Optiver Holding B.V. purchased a new position in shares of Las Vegas Sands in the fourth quarter worth $32,000. MassMutual Private Wealth & Trust FSB lifted its position in Las Vegas Sands by 37.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator's stock worth $38,000 after buying an additional 239 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Las Vegas Sands during the 2nd quarter valued at about $43,000. Hilltop National Bank purchased a new position in Las Vegas Sands during the 2nd quarter valued at $44,000. Finally, Center for Financial Planning Inc. bought a new stake in Las Vegas Sands during the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 39.16% of the company's stock.
About Las Vegas Sands
(
Get Free Report)
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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