Las Vegas Sands (NYSE:LVS) Shares Gap Up to $38.82

Las Vegas Sands Corp. (NYSE:LVSGet Rating) gapped up before the market opened on Tuesday . The stock had previously closed at $38.82, but opened at $39.99. Las Vegas Sands shares last traded at $39.71, with a volume of 111,289 shares changing hands.

Wall Street Analysts Forecast Growth

LVS has been the topic of several research reports. Wells Fargo & Company upgraded Las Vegas Sands from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $43.00 to $45.00 in a research note on Thursday, July 21st. UBS Group set a $42.00 price objective on Las Vegas Sands in a research note on Monday, June 20th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Las Vegas Sands from $53.00 to $50.00 in a research note on Tuesday, July 19th. Barclays upped their price target on shares of Las Vegas Sands from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, July 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Las Vegas Sands from $42.00 to $44.00 in a report on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.38.

Las Vegas Sands Stock Down 6.8 %

The company has a 50 day moving average of $37.63 and a 200-day moving average of $36.07. The company has a debt-to-equity ratio of 3.63, a current ratio of 3.35 and a quick ratio of 3.33. The company has a market cap of $27.98 billion, a P/E ratio of 16.06 and a beta of 1.23.

Las Vegas Sands (NYSE:LVSGet Rating) last issued its quarterly earnings results on Wednesday, July 20th. The casino operator reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.05). The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $949.40 million. Las Vegas Sands had a net margin of 45.39% and a negative return on equity of 31.93%. The business’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.26) EPS. On average, equities analysts predict that Las Vegas Sands Corp. will post -1.1 earnings per share for the current year.

Hedge Funds Weigh In On Las Vegas Sands

Institutional investors have recently made changes to their positions in the stock. Capital World Investors grew its position in Las Vegas Sands by 74.1% in the fourth quarter. Capital World Investors now owns 34,255,198 shares of the casino operator’s stock worth $1,289,366,000 after acquiring an additional 14,576,547 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Las Vegas Sands by 33.1% during the 1st quarter. Invesco Ltd. now owns 11,585,224 shares of the casino operator’s stock valued at $450,316,000 after buying an additional 2,883,573 shares in the last quarter. Suvretta Capital Management LLC bought a new stake in Las Vegas Sands in the 1st quarter worth approximately $88,440,000. Steadfast Capital Management LP purchased a new stake in Las Vegas Sands in the first quarter worth approximately $70,526,000. Finally, Kovitz Investment Group Partners LLC grew its position in Las Vegas Sands by 708.9% during the first quarter. Kovitz Investment Group Partners LLC now owns 1,715,651 shares of the casino operator’s stock valued at $66,687,000 after acquiring an additional 1,503,557 shares during the last quarter. Institutional investors own 39.84% of the company’s stock.

Las Vegas Sands Company Profile

(Get Rating)

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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