Las Vegas Sands (NYSE:LVS) Rating Increased to Hold at ValuEngine

Las Vegas Sands (NYSE:LVS) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

A number of other equities analysts also recently issued reports on LVS. UBS Group decreased their price objective on Las Vegas Sands from $63.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Credit Suisse Group reiterated a “hold” rating and issued a $62.00 price objective on shares of Las Vegas Sands in a report on Monday, October 28th. Deutsche Bank reiterated a “buy” rating and issued a $70.00 price objective on shares of Las Vegas Sands in a report on Thursday, November 21st. Roth Capital reiterated a “buy” rating on shares of Las Vegas Sands in a report on Thursday, October 24th. Finally, Morgan Stanley decreased their price objective on Las Vegas Sands from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Tuesday, September 17th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $66.90.

LVS traded up $3.26 during trading on Thursday, reaching $68.70. The stock had a trading volume of 6,772,019 shares, compared to its average volume of 4,163,074. The stock’s 50 day moving average is $62.78 and its two-hundred day moving average is $59.01. The company has a current ratio of 1.60, a quick ratio of 1.59 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $49.28 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 5.97 and a beta of 1.60. Las Vegas Sands has a one year low of $47.39 and a one year high of $69.60.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.30 billion. Las Vegas Sands had a return on equity of 37.04% and a net margin of 13.86%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. On average, equities research analysts predict that Las Vegas Sands will post 3.15 earnings per share for the current year.

In other news, General Counsel Kathleen Bender Patton sold 2,008 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $35.60, for a total transaction of $71,484.80. Also, EVP Lawrence A. Jacobs sold 66,667 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $60.16, for a total value of $4,010,686.72. Following the transaction, the executive vice president now owns 66,667 shares of the company’s stock, valued at $4,010,686.72. The disclosure for this sale can be found here. 10.50% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Livingston Group Asset Management CO operating as Southport Capital Management boosted its position in shares of Las Vegas Sands by 4.8% during the third quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,756 shares of the casino operator’s stock valued at $217,000 after buying an additional 171 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Las Vegas Sands by 5.5% during the second quarter. Parallel Advisors LLC now owns 3,726 shares of the casino operator’s stock valued at $220,000 after buying an additional 195 shares during the last quarter. CWH Capital Management Inc. boosted its position in shares of Las Vegas Sands by 0.4% during the third quarter. CWH Capital Management Inc. now owns 54,918 shares of the casino operator’s stock valued at $3,172,000 after buying an additional 210 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its position in shares of Las Vegas Sands by 1.3% during the second quarter. Stonebridge Capital Advisors LLC now owns 18,850 shares of the casino operator’s stock valued at $1,114,000 after buying an additional 240 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its position in shares of Las Vegas Sands by 18.4% during the third quarter. AdvisorNet Financial Inc now owns 1,560 shares of the casino operator’s stock valued at $90,000 after buying an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 36.33% of the company’s stock.

Las Vegas Sands Company Profile

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 Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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