Las Vegas Sands (NYSE:LVS) Shares Gap Up to $38.82

Las Vegas Sands Corp. (NYSE:LVSGet Rating)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $38.82, but opened at $39.99. Las Vegas Sands shares last traded at $39.71, with a volume of 111,289 shares trading hands.

Wall Street Analysts Forecast Growth

LVS has been the topic of several recent analyst reports. Stifel Nicolaus raised their target price on shares of Las Vegas Sands from $46.00 to $50.00 in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Las Vegas Sands from $53.00 to $50.00 in a research report on Tuesday, July 19th. Barclays increased their target price on shares of Las Vegas Sands from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, July 21st. JPMorgan Chase & Co. boosted their price target on Las Vegas Sands from $42.00 to $44.00 in a report on Thursday, July 21st. Finally, Citigroup increased their price objective on Las Vegas Sands from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.38.

Las Vegas Sands Price Performance

The firm has a 50-day simple moving average of $37.63 and a 200 day simple moving average of $36.07. The firm has a market cap of $27.98 billion, a PE ratio of 16.06 and a beta of 1.23. The company has a debt-to-equity ratio of 3.63, a current ratio of 3.35 and a quick ratio of 3.33.

Las Vegas Sands (NYSE:LVSGet Rating) last posted its quarterly earnings data on Wednesday, July 20th. The casino operator reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.05). The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $949.40 million. Las Vegas Sands had a negative return on equity of 31.93% and a net margin of 45.39%. The company’s revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.26) EPS. As a group, equities analysts expect that Las Vegas Sands Corp. will post -1.1 EPS for the current year.

Institutional Trading of Las Vegas Sands

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mizuho Securities Co. Ltd. bought a new stake in Las Vegas Sands in the first quarter worth $39,000. Hudock Inc. boosted its stake in Las Vegas Sands by 89.9% in the 1st quarter. Hudock Inc. now owns 1,056 shares of the casino operator’s stock worth $41,000 after purchasing an additional 500 shares in the last quarter. Retirement Group LLC boosted its stake in Las Vegas Sands by 100.0% in the 2nd quarter. Retirement Group LLC now owns 1,310 shares of the casino operator’s stock worth $44,000 after purchasing an additional 655 shares in the last quarter. Ronald Blue Trust Inc. purchased a new stake in Las Vegas Sands during the 2nd quarter valued at about $53,000. Finally, Tyler Stone Wealth Management bought a new stake in Las Vegas Sands during the 4th quarter valued at about $58,000. Hedge funds and other institutional investors own 39.84% of the company’s stock.

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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