Shares of Las Vegas Sands Corp. (NYSE:LVS – Get Rating) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $50.17.
Several research firms have recently issued reports on LVS. Morgan Stanley dropped their price objective on shares of Las Vegas Sands from $44.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday, April 25th. Stifel Nicolaus lowered their price target on shares of Las Vegas Sands from $56.00 to $46.00 in a report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Las Vegas Sands from $60.00 to $53.00 in a report on Thursday, April 28th. Finally, StockNews.com raised shares of Las Vegas Sands to a “sell” rating in a report on Tuesday, May 10th.
A number of hedge funds have recently made changes to their positions in LVS. Capital World Investors grew its holdings in Las Vegas Sands by 74.1% during the 4th quarter. Capital World Investors now owns 34,255,198 shares of the casino operator’s stock worth $1,289,366,000 after acquiring an additional 14,576,547 shares in the last quarter. Wellington Management Group LLP grew its holdings in Las Vegas Sands by 81.9% during the 3rd quarter. Wellington Management Group LLP now owns 6,517,613 shares of the casino operator’s stock worth $238,545,000 after acquiring an additional 2,934,018 shares in the last quarter. Invesco Ltd. lifted its position in shares of Las Vegas Sands by 33.1% in the 1st quarter. Invesco Ltd. now owns 11,585,224 shares of the casino operator’s stock worth $450,316,000 after buying an additional 2,883,573 shares during the last quarter. Norges Bank bought a new position in shares of Las Vegas Sands in the 4th quarter worth about $86,309,000. Finally, Suvretta Capital Management LLC bought a new position in shares of Las Vegas Sands in the 1st quarter worth about $88,440,000. 34.33% of the stock is owned by institutional investors.
Las Vegas Sands (NYSE:LVS – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The casino operator reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Las Vegas Sands had a negative return on equity of 33.07% and a net margin of 46.40%. The business had revenue of $943.00 million during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company earned ($0.25) EPS. Las Vegas Sands’s revenue was down 21.2% on a year-over-year basis. On average, research analysts expect that Las Vegas Sands will post -0.64 EPS for the current fiscal year.
Las Vegas Sands Company Profile (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.
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