Las Vegas Sands (NYSE:LVS – Get Free Report) had its price target decreased by investment analysts at Barclays from $59.00 to $57.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the casino operator’s stock. Barclays‘s target price suggests a potential upside of 57.11% from the stock’s current price.
A number of other research analysts have also weighed in on the stock. Bank of America decreased their target price on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. HSBC lowered their price target on shares of Las Vegas Sands from $78.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Stifel Nicolaus decreased their target price on shares of Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Seaport Research Partners lowered their price objective on shares of Las Vegas Sands from $69.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, Wolfe Research initiated coverage on shares of Las Vegas Sands in a research note on Wednesday, September 2nd. They set a “peer perform” rating on the stock. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.72.
Las Vegas Sands Stock Up 0.5%
Las Vegas Sands (NYSE:LVS – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the business earned $0.66 earnings per share. Las Vegas Sands’s revenue was down .7% on a year-over-year basis. Research analysts predict that Las Vegas Sands will post 3.09 EPS for the current year.
Hedge Funds Weigh In On Las Vegas Sands
A number of hedge funds have recently modified their holdings of LVS. Geneos Wealth Management Inc. raised its position in Las Vegas Sands by 73.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator’s stock valued at $48,000 after purchasing an additional 375 shares during the last quarter. Root Financial Partners LLC grew its position in Las Vegas Sands by 101.3% during the 1st quarter. Root Financial Partners LLC now owns 1,556 shares of the casino operator’s stock worth $84,000 after purchasing an additional 783 shares during the last quarter. Covestor Ltd increased its stake in Las Vegas Sands by 174.6% in the second quarter. Covestor Ltd now owns 1,634 shares of the casino operator’s stock valued at $75,000 after purchasing an additional 1,039 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Las Vegas Sands in the second quarter valued at about $86,000. Finally, Pension & Wealth Management Advisors Inc. raised its holdings in shares of Las Vegas Sands by 13.9% in the second quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator’s stock valued at $93,000 after buying an additional 245 shares during the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.
Las Vegas Sands Company Profile
Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts that combine casino gaming with hotels, convention and exhibition facilities, retail, dining and entertainment venues. The company’s properties are designed to serve leisure travelers, business visitors and convention groups.
Las Vegas Sands operates major integrated resorts in Macau, including The Venetian Macao, The Parisian Macao, The Londoner Macao and Four Seasons Hotel Macao. In Singapore, it operates Marina Bay Sands, a large resort featuring hotel accommodations, gaming, shopping, dining, entertainment and convention facilities.
See Also
- Five stocks we like better than Las Vegas Sands
- Arista Networks Plugs Into All-Time Highs
- Microsoft Is Almost Back to $555—Now the Hard Part Begins
- Marvell Says Connecting AI Chips Could Be a $37 Billion Business—These 2 Stocks Rallied Too
- JetBlue’s LaGuardia Win Could Change Its Financial Future
Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.
