Las Vegas Sands (NYSE:LVS) Earns Equal Weight Rating from Morgan Stanley

Las Vegas Sands (NYSE:LVS)‘s stock had its “equal weight” rating reiterated by stock analysts at Morgan Stanley in a research note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $51.00 price objective on the casino operator’s stock, down from their prior price objective of $54.00. Morgan Stanley’s price target would indicate a potential upside of 15.31% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. UBS Group lifted their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Jefferies Financial Group upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and lifted their target price for the company from $60.00 to $69.00 in a report on Friday, January 3rd. Mizuho upped their price target on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Stifel Nicolaus lifted their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays increased their target price on Las Vegas Sands from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.92.

Las Vegas Sands Stock Down 1.7 %

LVS stock opened at $44.23 on Tuesday. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The company has a market capitalization of $32.07 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.43 and a beta of 1.09. The business’s 50 day moving average price is $51.20 and its two-hundred day moving average price is $46.59. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. Las Vegas Sands’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 earnings per share. As a group, analysts forecast that Las Vegas Sands will post 2.33 earnings per share for the current fiscal year.

Insider Activity

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the sale, the chief executive officer now owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 203,732 shares of company stock valued at $10,861,707 in the last 90 days. 0.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Las Vegas Sands

A number of institutional investors and hedge funds have recently made changes to their positions in LVS. Wilmington Savings Fund Society FSB bought a new position in Las Vegas Sands in the third quarter worth approximately $26,000. CVA Family Office LLC increased its stake in shares of Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after purchasing an additional 304 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Las Vegas Sands in the 3rd quarter worth $34,000. GAMMA Investing LLC grew its holdings in Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares during the period. Finally, Vestor Capital LLC purchased a new stake in Las Vegas Sands in the third quarter worth about $43,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. 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.