Las Vegas Sands’ (LVS) Hold (C) Rating Reaffirmed at Weiss Ratings

Las Vegas Sands (NYSE:LVS)‘s stock had its “hold (c)” rating reissued by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities analysts also recently commented on LVS. Macquarie increased their price objective on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. UBS Group increased their price objective on shares of Las Vegas Sands from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Morgan Stanley increased their price objective on shares of Las Vegas Sands from $50.00 to $57.00 and gave the company an “equal weight” rating in a research note on Thursday, September 11th. Wall Street Zen raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. Finally, Barclays increased their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $60.20.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $53.25 on Wednesday. The company has a 50 day moving average of $53.94 and a 200-day moving average of $45.64. Las Vegas Sands has a 1-year low of $30.18 and a 1-year high of $58.05. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The company has a market cap of $36.55 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 1.87 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.26. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. As a group, equities research analysts forecast that Las Vegas Sands will post 2.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Las Vegas Sands

Several large investors have recently modified their holdings of LVS. GAMMA Investing LLC increased its position in shares of Las Vegas Sands by 3,318.1% during the first quarter. GAMMA Investing LLC now owns 89,042 shares of the casino operator’s stock worth $3,440,000 after buying an additional 86,437 shares during the period. Farther Finance Advisors LLC increased its position in shares of Las Vegas Sands by 133.1% during the first quarter. Farther Finance Advisors LLC now owns 1,499 shares of the casino operator’s stock worth $59,000 after buying an additional 856 shares during the period. Fifth Third Bancorp increased its position in shares of Las Vegas Sands by 4.7% during the first quarter. Fifth Third Bancorp now owns 26,094 shares of the casino operator’s stock worth $1,008,000 after buying an additional 1,169 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Las Vegas Sands by 2.6% during the first quarter. Exchange Traded Concepts LLC now owns 22,870 shares of the casino operator’s stock worth $883,000 after buying an additional 569 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Las Vegas Sands by 1.4% during the first quarter. State of Alaska Department of Revenue now owns 40,250 shares of the casino operator’s stock worth $1,554,000 after buying an additional 570 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. 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.