Las Vegas Sands (NYSE:LVS)'s stock had its "buy" rating reiterated by equities research analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday, TipRanks reports. They currently have a $73.00 price target on the casino operator's stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 53.26% from the company's previous close.
Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Las Vegas Sands from a "sell" rating to a "hold" rating and set a $63.00 price target for the company in a research note on Tuesday, March 30th. Morgan Stanley lowered their price objective on Las Vegas Sands from $58.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday. Jefferies Financial Group upped their target price on Las Vegas Sands from $66.00 to $71.00 and gave the company a "buy" rating in a report on Monday, April 19th. Stifel Nicolaus reduced their target price on Las Vegas Sands from $77.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Credit Suisse Group upped their target price on Las Vegas Sands from $58.00 to $69.00 and gave the company an "outperform" rating in a report on Thursday, April 22nd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Las Vegas Sands has an average rating of "Buy" and an average price target of $60.46.
Shares of NYSE LVS traded down $1.79 during midday trading on Thursday, reaching $47.63. The company's stock had a trading volume of 607,452 shares, compared to its average volume of 6,156,530. The company has a market cap of $36.39 billion, a PE ratio of -18.61 and a beta of 1.42. Las Vegas Sands has a fifty-two week low of $42.58 and a fifty-two week high of $66.76. The stock has a 50 day simple moving average of $54.10. The company has a debt-to-equity ratio of 4.52, a current ratio of 2.28 and a quick ratio of 2.27.
Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Tuesday, July 20th. The casino operator reported ($0.26) EPS for the quarter, missing the Zacks' consensus estimate of ($0.17) by ($0.09). Las Vegas Sands had a negative return on equity of 47.40% and a negative net margin of 64.84%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm earned ($1.05) earnings per share. The company's revenue for the quarter was up 1096.9% compared to the same quarter last year. On average, research analysts predict that Las Vegas Sands will post -0.12 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd boosted its position in shares of Las Vegas Sands by 31.0% during the first quarter. Harvest Fund Management Co. Ltd now owns 774 shares of the casino operator's stock valued at $47,000 after purchasing an additional 183 shares in the last quarter. Quantitative Investment Management LLC increased its position in Las Vegas Sands by 0.3% during the first quarter. Quantitative Investment Management LLC now owns 62,109 shares of the casino operator's stock valued at $3,773,000 after acquiring an additional 190 shares during the last quarter. Tsfg LLC increased its position in Las Vegas Sands by 15.1% during the first quarter. Tsfg LLC now owns 1,521 shares of the casino operator's stock valued at $92,000 after acquiring an additional 200 shares during the last quarter. Sugarloaf Wealth Management LLC increased its position in Las Vegas Sands by 52.6% in the first quarter. Sugarloaf Wealth Management LLC now owns 580 shares of the casino operator's stock worth $35,000 after buying an additional 200 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its position in Las Vegas Sands by 1.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 11,616 shares of the casino operator's stock worth $706,000 after buying an additional 200 shares in the last quarter. 38.15% of the stock is currently owned by hedge funds and other institutional investors.
Las Vegas Sands Company Profile
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 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.
See Also: EV Stocks
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: What is the float in trading stocks?7 Retailers That Are Bucking the E-Commerce Trend
Once again it appears that the death of brick and mortar retail appears to be exaggerated. First-quarter earnings are showing that many retailers that rely on in-person traffic for a considerable chunk of their business are seeing a rebound in sales. And many are planning to open stores in 2021.
This isn’t to say that e-commerce is going away. In fact, a common feature for many of these stocks is that they either developed or enhanced their digital footprint during the pandemic.
This special presentation focuses on retailers that are planning to add to their brick-and-mortar footprint in 2021. And some are planning to do so by a substantial margin. Once again, this doesn’t signal a transformative shift in the overall trend, but it does mean that for the foreseeable future, brick and mortar will have some relevance.
View the "7 Retailers That Are Bucking the E-Commerce Trend"