Las Vegas Sands (NYSE:LVS) Given a $42.00 Price Target at UBS Group

UBS Group set a $42.00 target price on Las Vegas Sands (NYSE:LVSGet Rating) in a report issued on Monday morning, Stock Target Advisor reports.

LVS has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Las Vegas Sands from $60.00 to $53.00 in a research report on Thursday, April 28th. Stifel Nicolaus lowered their target price on Las Vegas Sands from $56.00 to $46.00 in a research report on Thursday, April 28th. Morgan Stanley lowered their target price on Las Vegas Sands from $44.00 to $39.00 and set an equal weight rating on the stock in a research report on Monday, April 25th. Finally, StockNews.com raised Las Vegas Sands to a sell rating in a research report on Tuesday, May 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $49.25.

LVS opened at $31.58 on Monday. The business’s 50-day moving average price is $34.21 and its two-hundred day moving average price is $38.09. Las Vegas Sands has a 1 year low of $28.88 and a 1 year high of $53.83. The company has a market capitalization of $24.13 billion, a price-to-earnings ratio of 13.10 and a beta of 1.28. The company has a debt-to-equity ratio of 3.19, a current ratio of 3.14 and a quick ratio of 3.13.

Las Vegas Sands (NYSE:LVSGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The casino operator reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Las Vegas Sands had a net margin of 46.40% and a negative return on equity of 33.07%. The firm had revenue of $943.00 million during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the business earned ($0.25) EPS. The business’s revenue for the quarter was down 21.2% compared to the same quarter last year. Sell-side analysts anticipate that Las Vegas Sands will post -0.64 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Las Vegas Sands by 1,072.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 299,485 shares of the casino operator’s stock worth $11,641,000 after acquiring an additional 273,935 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Las Vegas Sands by 30.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,717 shares of the casino operator’s stock worth $1,194,000 after acquiring an additional 7,196 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in shares of Las Vegas Sands by 12.8% during the first quarter. Kestra Private Wealth Services LLC now owns 6,029 shares of the casino operator’s stock worth $234,000 after acquiring an additional 685 shares during the period. Toroso Investments LLC boosted its holdings in shares of Las Vegas Sands by 5.2% during the first quarter. Toroso Investments LLC now owns 9,348 shares of the casino operator’s stock worth $363,000 after acquiring an additional 458 shares during the period. Finally, Prentice Capital Management LP boosted its holdings in shares of Las Vegas Sands by 54.9% during the first quarter. Prentice Capital Management LP now owns 699,732 shares of the casino operator’s stock worth $27,199,000 after acquiring an additional 247,978 shares during the period. Institutional investors own 34.33% of the company’s stock.

About Las Vegas Sands (Get Rating)

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 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.

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