Las Vegas Sands (NYSE:LVS) Given a $42.00 Price Target at UBS Group
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Las Vegas Sands (NYSE:LVS – Get Rating) has been given a $42.00 price target by equities researchers at UBS Group in a report issued on Monday, Stock Target Advisor reports. UBS Group’s price target would suggest a potential upside of 32.62% from the company’s current price.
LVS has been the topic of a number of other research reports. Morgan Stanley cut their price objective on shares of Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Las Vegas Sands from $60.00 to $53.00 in a research note on Thursday, April 28th. StockNews.com upgraded shares of Las Vegas Sands to a “sell” rating in a research note on Tuesday, May 10th. Finally, Stifel Nicolaus lowered their target price on shares of Las Vegas Sands from $56.00 to $46.00 in a research note on Thursday, April 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Hold” and an average price target of $49.25.
Las Vegas Sands stock traded up $0.80 during trading on Monday, hitting $31.67. The stock had a trading volume of 496,479 shares, compared to its average volume of 8,056,717. The firm’s fifty day simple moving average is $34.54 and its 200-day simple moving average is $38.24. The stock has a market cap of $24.20 billion, a PE ratio of 13.14 and a beta of 1.28. The company has a debt-to-equity ratio of 3.19, a current ratio of 3.14 and a quick ratio of 3.13. Las Vegas Sands has a 12 month low of $28.88 and a 12 month high of $54.67.
Las Vegas Sands (NYSE:LVS – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The casino operator reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). The company had revenue of $943.00 million for the quarter, compared to the consensus estimate of $1.13 billion. Las Vegas Sands had a net margin of 46.40% and a negative return on equity of 33.07%. The company’s quarterly revenue was down 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.25) EPS. Analysts expect that Las Vegas Sands will post -0.64 earnings per share for the current fiscal year.Several institutional investors and hedge funds have recently bought and sold shares of LVS. Verition Fund Management LLC lifted its stake in shares of Las Vegas Sands by 336.3% in the 3rd quarter. Verition Fund Management LLC now owns 19,198 shares of the casino operator’s stock valued at $703,000 after purchasing an additional 14,798 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Las Vegas Sands by 4.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,747 shares of the casino operator’s stock valued at $540,000 after purchasing an additional 638 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Las Vegas Sands by 5.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,319 shares of the casino operator’s stock valued at $268,000 after purchasing an additional 370 shares during the period. Chartwell Investment Partners LLC increased its holdings in Las Vegas Sands by 27.3% in the 3rd quarter. Chartwell Investment Partners LLC now owns 246,228 shares of the casino operator’s stock worth $9,012,000 after acquiring an additional 52,818 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its holdings in Las Vegas Sands by 36.2% in the 3rd quarter. Cetera Advisor Networks LLC now owns 15,585 shares of the casino operator’s stock worth $570,000 after acquiring an additional 4,140 shares in the last quarter. Hedge funds and other institutional investors own 34.33% of the company’s stock.
About Las Vegas Sands (Get Rating)
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.
