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Las Vegas Sands (NYSE: LVS) received a $ 68.00 price objective from investment analysts at Morgan Stanley in a research note issued on Thursday, October 25th. The brokerage currently has a "buy" rating on the casino operator's stock. Morgan Stanley's price objective indicates a potential upside of 26.37% from the company's previous close.
LVS has been the topic of several other reports. Goldman Sachs Group lowered shares of Las Vegas Sands from a "conviction-buy" rating to a "buy" rating in a research note on Friday, October 19th. Zacks Investment Research downgraded Las Vegas Sands from a "hold" rating to a "sell" rating in a report on Friday, September 28th. Credit Suisse Group assumed coverage on Las Vegas Sands in a report on Tuesday, August 14th. They set a "neutral" rating and a $ 72.00 price target for the company. Nomura decreased their price target on Las Vegas Sands from $ 76.00 to $ 72.00 and set a "neutral" rating for the company in a report on Monday, July 9th. Finally, Bank of America downgraded Las Vegas Sands from a "buy" rating to a "neutral" rating and reduced their target price for the company from $ 85.00 to $ 80.00 in a report on Monday, July 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of "Hold" and a consensus price target of $ 74.03.
LVS stock opened at $ 53.81 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.92 and a current ratio of 1.93. Las Vegas Sands has a fifty-two week low of $ 49.28 and a fifty-two week high of $ 81.45. The company has a market cap of $ 42.16 billion, a P / E ratio of 15.69 and a beta of 1.59.
Las Vegas Sands (NYSE: LVS) last announced its quarterly earnings results on Wednesday, October 24th. The casino operator reported $ 0.77 EPS for the quarter, missing the Thomson Reuters' consensus estimates of $ 0.81 by ($ 0.04). The company had revenue of $ 3.37 billion during the quarter, compared to analysts' expectations of $ 3.41 billion. Las Vegas Sands had a net margin of 27.71% and a return on equity of 34.18%. Analysts anticipate that Las Vegas Sands will post 3.4 EPS for the current year.
In related news, EVP Lawrence A. Jacobs sold 66,667 shares of Las Vegas Sands stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $ 60.95, for a total transaction of $ 4,063,353.65. Following the completion of the sale, the executive vice president now owns 66,667 shares in the company, valued at approximately $ 4,063,353.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 10.20% of the company's stock.
Institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at about $ 135,000. Tower Research Capital LLC TRC lifted its stake in shares of Las Vegas Sands by 195.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,066 shares of the casino operator's stock valued at $ 122,000 after purchasing an additional 1,366 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at about $ 126,000. Legacy Financial Advisors Inc. acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at about $ 156,000. Finally, Zacks Investment Management acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at about $ 202,000. Hedge funds and other institutional investors own 39.34% of the company's stock.
Las Vegas Sands Company Profile
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 Sands Cotai Central, The Parisian Macao, The Macao Plaza and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.
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