Las Vegas Sands (NYSE:LVS) Given New $64.00 Price Target at Susquehanna

Las Vegas Sands (NYSE:LVSFree Report) had its price target decreased by Susquehanna from $72.00 to $64.00 in a research report sent to investors on Wednesday,Benzinga reports. Susquehanna currently has a positive rating on the casino operator’s stock.

Other equities research analysts have also issued research reports about the stock. Seaport Research Partners reduced their price target on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. HSBC raised their price objective on shares of Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Bank of America cut their target price on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday. Mizuho increased their price target on shares of Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings downgraded shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.31.

Read Our Latest Research Report on Las Vegas Sands

Las Vegas Sands Price Performance

NYSE LVS opened at $45.26 on Wednesday. The stock has a market capitalization of $29.99 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.12 and a beta of 0.83. Las Vegas Sands has a 1-year low of $44.22 and a 1-year high of $70.45. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. The business’s fifty day moving average price is $48.43 and its 200-day moving average price is $53.40.

Las Vegas Sands (NYSE:LVSGet Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter last year, the company posted $0.66 EPS. The firm’s revenue was down .7% compared to the same quarter last year. On average, equities analysts predict that Las Vegas Sands will post 3.35 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in Las Vegas Sands during the 4th quarter worth approximately $26,000. DV Equities LLC purchased a new position in Las Vegas Sands during the fourth quarter valued at approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of Las Vegas Sands in the fourth quarter worth approximately $29,000. Wilmington Savings Fund Society FSB boosted its position in shares of Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after purchasing an additional 400 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Las Vegas Sands by 182.4% in the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after purchasing an additional 434 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Las Vegas Sands

Here are the key news stories impacting Las Vegas Sands this week:

About Las Vegas Sands

(Get Free Report)

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.

Featured Articles

Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.