Las Vegas Sands (NYSE:LVS - Get Free Report) had its price objective upped by Morgan Stanley from $47.00 to $50.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the casino operator's stock. Morgan Stanley's target price would indicate a potential downside of 5.05% from the stock's current price.
A number of other brokerages have also recently weighed in on LVS. Susquehanna decreased their price objective on Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating on the stock in a report on Monday, July 21st. Argus raised shares of Las Vegas Sands from a "hold" rating to a "buy" rating and set a $60.00 target price on the stock in a report on Monday, July 28th. Hsbc Global Res upgraded Las Vegas Sands to a "strong-buy" rating in a report on Thursday, April 24th. Mizuho increased their price target on shares of Las Vegas Sands from $47.00 to $56.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, Macquarie boosted their target price on Las Vegas Sands from $52.00 to $58.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $58.33.
Check Out Our Latest Research Report on LVS
Las Vegas Sands Price Performance
Shares of NYSE:LVS traded down $0.35 on Wednesday, hitting $52.66. The company's stock had a trading volume of 2,608,093 shares, compared to its average volume of 5,065,767. Las Vegas Sands has a 1 year low of $30.18 and a 1 year high of $56.60. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. The company has a market capitalization of $36.15 billion, a PE ratio of 26.60, a PEG ratio of 1.99 and a beta of 1.08. The company has a 50-day simple moving average of $46.83 and a 200 day simple moving average of $42.58.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.26. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter last year, the company posted $0.55 EPS. The business's quarterly revenue was up 15.0% on a year-over-year basis. Sell-side analysts forecast that Las Vegas Sands will post 2.6 EPS for the current fiscal year.
Las Vegas Sands declared that its board has approved a stock repurchase plan on Wednesday, April 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the casino operator to reacquire up to 8.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in LVS. Optiver Holding B.V. purchased a new position in Las Vegas Sands during the 4th quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB boosted 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 valued at $38,000 after acquiring an additional 239 shares during the last quarter. Center for Financial Planning Inc. purchased a new position in shares of Las Vegas Sands in the first quarter valued at $42,000. FNY Investment Advisers LLC bought a new stake in Las Vegas Sands in the second quarter worth $43,000. Finally, Hilltop National Bank purchased a new stake in Las Vegas Sands during the second quarter valued at $44,000. Hedge funds and other institutional investors own 39.16% of the company's stock.
Las Vegas Sands Company Profile
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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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