Las Vegas Sands (NYSE:LVS) Stock Price Down 4.9%

Las Vegas Sands Corp. (NYSE:LVSGet Rating)’s share price was down 4.9% during trading on Wednesday . The company traded as low as $37.30 and last traded at $37.34. Approximately 125,230 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 4,334,826 shares. The stock had previously closed at $39.28.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LVS shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Las Vegas Sands from $53.00 to $50.00 in a report on Tuesday, July 19th. UBS Group set a $42.00 target price on Las Vegas Sands in a research note on Monday, June 20th. JPMorgan Chase & Co. raised their target price on Las Vegas Sands from $42.00 to $44.00 in a research note on Thursday, July 21st. Wells Fargo & Company upgraded Las Vegas Sands from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $43.00 to $45.00 in a research note on Thursday, July 21st. Finally, Stifel Nicolaus raised their target price on Las Vegas Sands from $46.00 to $50.00 in a research note on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.38.

Las Vegas Sands Trading Down 3.6 %

The business’s 50 day moving average is $37.65 and its two-hundred day moving average is $36.06. The company has a quick ratio of 3.33, a current ratio of 3.35 and a debt-to-equity ratio of 3.63. The firm has a market capitalization of $26.97 billion, a P/E ratio of 15.48 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) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.05). Las Vegas Sands had a negative return on equity of 31.93% and a net margin of 45.39%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $949.40 million. During the same quarter last year, the firm posted ($0.26) earnings per share. Las Vegas Sands’s revenue was down 10.9% compared to the same quarter last year. Analysts expect that Las Vegas Sands Corp. will post -1.1 EPS for the current year.

Institutional Investors Weigh In On Las Vegas Sands

Several hedge funds and other institutional investors have recently bought and sold shares of LVS. Mizuho Securities Co. Ltd. bought a new stake in Las Vegas Sands in the first quarter worth about $39,000. Hudock Inc. raised its position in Las Vegas Sands by 89.9% in the first quarter. Hudock Inc. now owns 1,056 shares of the casino operator’s stock worth $41,000 after acquiring an additional 500 shares in the last quarter. Retirement Group LLC raised its position in Las Vegas Sands by 100.0% in the second quarter. Retirement Group LLC now owns 1,310 shares of the casino operator’s stock worth $44,000 after acquiring an additional 655 shares in the last quarter. Ronald Blue Trust Inc. purchased a new position in Las Vegas Sands in the 2nd quarter worth about $53,000. Finally, Tyler Stone Wealth Management purchased a new position in Las Vegas Sands in the 4th quarter worth about $58,000. 39.84% of the stock is currently owned by institutional investors.

About Las Vegas Sands

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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.

Further Reading

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