Shares of Las Vegas Sands Corp. (NYSE:LVS) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $55.50.
Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $73.00 price target on shares of Las Vegas Sands in a report on Thursday, July 22nd. Stifel Nicolaus cut their price target on shares of Las Vegas Sands from $77.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, July 22nd. Wells Fargo & Company assumed coverage on shares of Las Vegas Sands in a report on Tuesday, September 14th. They issued an “equal weight” rating and a $50.00 price target on the stock. TheStreet lowered shares of Las Vegas Sands from a “c-” rating to a “d+” rating in a report on Friday, July 23rd. Finally, Morgan Stanley cut their price target on shares of Las Vegas Sands from $53.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, September 20th.
Several hedge funds have recently added to or reduced their stakes in LVS. Russell Investments Group Ltd. boosted its holdings in Las Vegas Sands by 76.1% in the first quarter. Russell Investments Group Ltd. now owns 24,797 shares of the casino operator’s stock worth $1,507,000 after purchasing an additional 10,717 shares during the period. CIBC World Markets Inc. lifted its stake in Las Vegas Sands by 29.6% in the first quarter. CIBC World Markets Inc. now owns 19,417 shares of the casino operator’s stock valued at $1,180,000 after buying an additional 4,431 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Las Vegas Sands by 21.9% in the first quarter. Teacher Retirement System of Texas now owns 38,466 shares of the casino operator’s stock valued at $2,337,000 after buying an additional 6,906 shares during the last quarter. Norinchukin Bank The lifted its stake in Las Vegas Sands by 1.7% in the first quarter. Norinchukin Bank The now owns 27,332 shares of the casino operator’s stock valued at $1,661,000 after buying an additional 450 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of Las Vegas Sands by 2.5% during the first quarter. Panagora Asset Management Inc. now owns 11,367 shares of the casino operator’s stock valued at $691,000 after purchasing an additional 281 shares in the last quarter. 36.81% of the stock is owned by institutional investors and hedge funds.
Las Vegas Sands (NYSE:LVS) last released its earnings results on Tuesday, July 20th. The casino operator reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.09). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Las Vegas Sands had a negative net margin of 32.53% and a negative return on equity of 35.02%. Las Vegas Sands’s revenue for the quarter was up 1096.9% on a year-over-year basis. During the same quarter last year, the company posted ($1.05) earnings per share. On average, equities research analysts forecast that Las Vegas Sands will post -0.75 earnings per share for the current fiscal year.
About Las Vegas Sands
Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the following geographic segments: Macao, Singapore and United States. The Macao segment handles the operations of The Venetian Macao, Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao and Sands Macao.
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