Las Vegas Sands Corp. (NYSE:LVS) has been assigned a consensus recommendation of “Buy” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $61.68.
A number of analysts recently weighed in on the stock. Credit Suisse Group upped their target price on shares of Las Vegas Sands from $58.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, April 22nd. Zacks Investment Research raised shares of Las Vegas Sands from a “sell” rating to a “hold” rating and set a $63.00 price target on the stock in a report on Tuesday, March 30th. Jefferies Financial Group increased their price target on shares of Las Vegas Sands from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, April 19th. JPMorgan Chase & Co. upped their price objective on shares of Las Vegas Sands from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, March 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Las Vegas Sands from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, March 11th.
Several institutional investors and hedge funds have recently modified their holdings of LVS. Ameritas Investment Company LLC bought a new stake in shares of Las Vegas Sands in the 1st quarter worth approximately $27,000. Abundance Wealth Counselors bought a new stake in shares of Las Vegas Sands in the 1st quarter worth approximately $30,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Las Vegas Sands in the 4th quarter worth approximately $35,000. Sugarloaf Wealth Management LLC boosted its position in shares of Las Vegas Sands by 52.6% in the 1st quarter. Sugarloaf Wealth Management LLC now owns 580 shares of the casino operator’s stock worth $35,000 after purchasing an additional 200 shares in the last quarter. Finally, E Fund Management Co. Ltd. bought a new stake in shares of Las Vegas Sands in the 1st quarter worth approximately $35,000. 38.06% of the stock is currently owned by hedge funds and other institutional investors.
Las Vegas Sands (NYSE:LVS) last posted its earnings results on Tuesday, April 20th. The casino operator reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.02. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.37 billion. Las Vegas Sands had a negative net margin of 64.84% and a negative return on equity of 47.40%. Las Vegas Sands’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) EPS. As a group, equities research analysts expect that Las Vegas Sands will post -0.03 earnings per share for the current fiscal year.
About Las Vegas Sands
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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