Analysts Set Las Vegas Sands Corp. (NYSE:LVS) Price Target at $55.50

Las Vegas Sands Corp. (NYSE:LVS) has received a consensus rating of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $55.50.

LVS has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on shares of Las Vegas Sands from $53.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, September 20th. TheStreet downgraded shares of Las Vegas Sands from a “c-” rating to a “d+” rating in a research report on Friday, July 23rd. Wells Fargo & Company initiated coverage on shares of Las Vegas Sands in a research report on Tuesday, September 14th. They set an “equal weight” rating and a $50.00 price objective for the company. Citigroup cut their price objective on shares of Las Vegas Sands from $80.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, September 28th. Finally, Stifel Nicolaus lowered their target price on shares of Las Vegas Sands from $77.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, July 22nd.

NYSE:LVS opened at $40.05 on Monday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 4.88. Las Vegas Sands has a 12 month low of $35.59 and a 12 month high of $66.76. The company has a market cap of $30.60 billion, a PE ratio of -23.02 and a beta of 1.38. The company has a 50 day simple moving average of $39.92 and a two-hundred day simple moving average of $49.82.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Tuesday, July 20th. The casino operator reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09). Las Vegas Sands had a negative return on equity of 35.02% and a negative net margin of 32.53%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm posted ($1.05) EPS. The company’s revenue for the quarter was up 1096.9% on a year-over-year basis. Research analysts forecast that Las Vegas Sands will post -0.75 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its holdings in shares of Las Vegas Sands by 76.1% in the first quarter. Russell Investments Group Ltd. now owns 24,797 shares of the casino operator’s stock worth $1,507,000 after buying an additional 10,717 shares during the last quarter. CIBC World Markets Inc. raised its holdings in shares of Las Vegas Sands by 29.6% in the first quarter. CIBC World Markets Inc. now owns 19,417 shares of the casino operator’s stock worth $1,180,000 after buying an additional 4,431 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Las Vegas Sands by 21.9% in the first quarter. Teacher Retirement System of Texas now owns 38,466 shares of the casino operator’s stock worth $2,337,000 after buying an additional 6,906 shares during the last quarter. Norinchukin Bank The raised its holdings in shares of Las Vegas Sands by 1.7% in the first quarter. Norinchukin Bank The now owns 27,332 shares of the casino operator’s stock worth $1,661,000 after buying an additional 450 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Las Vegas Sands by 2.5% in the first quarter. Panagora Asset Management Inc. now owns 11,367 shares of the casino operator’s stock worth $691,000 after buying an additional 281 shares during the last quarter. 36.81% of the stock is owned by institutional investors.

About Las Vegas Sands

Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the following geographic segments: Macao, Singapore and United States. The Macao segment handles the operations of The Venetian Macao, Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao and Sands Macao.

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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