Las Vegas Sands (NYSE:LVS) Sets New 12-Month High at $60.50

Las Vegas Sands Corp. (NYSE:LVS – Get Rating)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $60.50 and last traded at $60.28, with a volume of 903652 shares changing hands. The stock had previously closed at $60.17.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TheStreet raised Las Vegas Sands from a “d+” rating to a “c-” rating in a research report on Monday, February 6th. StockNews.com raised Las Vegas Sands from a “sell” rating to a “hold” rating in a research report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft increased their price target on Las Vegas Sands from $56.00 to $69.00 in a research report on Thursday, January 26th. JPMorgan Chase & Co. increased their price target on Las Vegas Sands from $55.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, January 26th. Finally, Bank of America increased their price target on Las Vegas Sands from $55.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, January 26th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.83.

Las Vegas Sands Stock Performance

The business has a 50 day simple moving average of $55.04 and a 200 day simple moving average of $45.61. The company has a quick ratio of 1.72, a current ratio of 1.73 and a debt-to-equity ratio of 3.81. The company has a market capitalization of $46.47 billion, a PE ratio of 25.33, a PEG ratio of 8.55 and a beta of 1.16.

Las Vegas Sands (NYSE:LVS – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The casino operator reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). Las Vegas Sands had a net margin of 44.57% and a negative return on equity of 22.49%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the business posted ($0.22) earnings per share. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities research analysts predict that Las Vegas Sands Corp. will post 1.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LVS. Norges Bank purchased a new position in shares of Las Vegas Sands in the fourth quarter worth about $164,559,000. Amundi raised its position in Las Vegas Sands by 72.1% during the fourth quarter. Amundi now owns 5,595,575 shares of the casino operator’s stock valued at $297,908,000 after acquiring an additional 2,344,064 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Las Vegas Sands by 6.9% during the third quarter. Price T Rowe Associates Inc. MD now owns 31,854,683 shares of the casino operator’s stock valued at $1,195,313,000 after acquiring an additional 2,061,378 shares in the last quarter. Aspex Management HK Ltd raised its position in Las Vegas Sands by 55.0% during the third quarter. Aspex Management HK Ltd now owns 5,652,595 shares of the casino operator’s stock valued at $212,085,000 after acquiring an additional 2,005,112 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Las Vegas Sands by 36.0% during the third quarter. Bank of New York Mellon Corp now owns 7,428,878 shares of the casino operator’s stock valued at $278,734,000 after acquiring an additional 1,966,755 shares in the last quarter. 39.75% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Company Profile

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Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the Macao and Singapore geographical segments. The Macao segment handles the operations of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao.