Las Vegas Sands (NYSE:LVS) has been given a $82.00 price objective by equities researchers at Morgan Stanley in a research report issued on Thursday. The firm presently has a “buy” rating on the casino operator’s stock. Morgan Stanley’s target price would suggest a potential upside of 10.69% from the company’s current price.
LVS has been the subject of several other reports. Stifel Nicolaus reissued a “buy” rating and issued a $76.00 price target on shares of Las Vegas Sands in a report on Tuesday, January 9th. Telsey Advisory Group began coverage on shares of Las Vegas Sands in a report on Tuesday. They issued a “market perform” rating and a $76.00 price target for the company. Barclays raised their price target on shares of Las Vegas Sands from $69.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 7th. ValuEngine raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Finally, Jefferies Group began coverage on shares of Las Vegas Sands in a report on Thursday, January 18th. They issued a “hold” rating and a $73.00 price target for the company. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $72.23.
Shares of Las Vegas Sands (LVS) traded up $0.18 during trading hours on Thursday, reaching $74.08. 82,146 shares of the company’s stock traded hands, compared to its average volume of 3,861,175. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.07 and a current ratio of 1.09. Las Vegas Sands has a 1 year low of $54.71 and a 1 year high of $79.84. The company has a market cap of $58,300.00, a P/E ratio of 25.66 and a beta of 1.71.
Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.11. Las Vegas Sands had a net margin of 21.78% and a return on equity of 33.90%. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the firm earned $0.62 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. sell-side analysts forecast that Las Vegas Sands will post 3.34 earnings per share for the current fiscal year.
In other news, COO Robert G. Goldstein sold 39,155 shares of Las Vegas Sands stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $76.00, for a total transaction of $2,975,780.00. Following the completion of the sale, the chief operating officer now directly owns 39,155 shares of the company’s stock, valued at approximately $2,975,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of LVS. BlackRock Inc. raised its position in Las Vegas Sands by 1.1% in the 4th quarter. BlackRock Inc. now owns 16,452,780 shares of the casino operator’s stock worth $1,143,302,000 after purchasing an additional 173,274 shares during the period. Janus Henderson Group PLC raised its position in Las Vegas Sands by 25.0% in the 3rd quarter. Janus Henderson Group PLC now owns 4,051,823 shares of the casino operator’s stock worth $259,973,000 after purchasing an additional 810,373 shares during the period. Yellowstone Partners LLC purchased a new position in Las Vegas Sands in the 3rd quarter worth $640,000. Levin Capital Strategies L.P. purchased a new position in Las Vegas Sands in the 4th quarter worth $250,000. Finally, Westfield Capital Management Co. LP purchased a new position in Las Vegas Sands in the 3rd quarter worth $327,000. 38.68% of the stock is owned by institutional investors.
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About Las Vegas Sands
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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