Las Vegas Sands (NYSE:LVS) Upgraded at Wall Street Zen

Key Points

• Las Vegas Sands has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating positive analyst sentiment towards the stock.
• Multiple brokerages have increased their price targets for Las Vegas Sands, with the average target now at $59.00, reflecting confidence in the company's continued growth.
• Las Vegas Sands reported a strong quarterly earnings performance, with $0.79 earnings per share surpassing the consensus estimate, alongside a revenue increase of 15% year-over-year.

Las Vegas Sands (NYSE:LVS - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Sunday.

Several other brokerages have also recently weighed in on LVS. Barclays lifted their price target on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. UBS Group lifted their price target on shares of Las Vegas Sands from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. lifted their price target on shares of Las Vegas Sands from $47.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Bank of America lifted their price target on shares of Las Vegas Sands from $52.50 to $58.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Susquehanna dropped their price target on shares of Las Vegas Sands from $59.00 to $58.00 and set a "positive" rating on the stock in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Las Vegas Sands currently has an average rating of "Moderate Buy" and an average price target of $59.00.

Las Vegas Sands Trading Down 2.5%

NYSE:LVS opened at $53.71 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. Las Vegas Sands has a 12 month low of $30.18 and a 12 month high of $58.05. The company has a market cap of $36.87 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.96 and a beta of 1.04. The company has a 50 day simple moving average of $52.08 and a two-hundred day simple moving average of $44.18.

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 the consensus estimate of $0.53 by $0.26. The business had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The company's revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. Research analysts forecast that Las Vegas Sands will post 2.6 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LVS. Osaic Holdings Inc. increased its holdings in Las Vegas Sands by 23.0% in the 2nd quarter. Osaic Holdings Inc. now owns 145,257 shares of the casino operator's stock valued at $6,298,000 after acquiring an additional 27,140 shares during the last quarter. Total Investment Management Inc. bought a new stake in Las Vegas Sands in the 2nd quarter valued at $25,000. TT Capital Management LLC bought a new stake in Las Vegas Sands in the 2nd quarter valued at $311,000. Cim Investment Management Inc. increased its holdings in Las Vegas Sands by 99.7% in the 2nd quarter. Cim Investment Management Inc. now owns 26,452 shares of the casino operator's stock valued at $1,255,000 after acquiring an additional 13,203 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in Las Vegas Sands by 48.2% in the 2nd quarter. Advisory Services Network LLC now owns 23,429 shares of the casino operator's stock valued at $1,019,000 after acquiring an additional 7,622 shares during the last quarter. Hedge funds and other institutional investors 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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