Las Vegas Sands Corp.’s (LVS) Hold Rating Reiterated at Deutsche Bank AG

Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank AG in a research note issued to investors on Thursday, July 27th. They presently have a $54.00 price target on the casino operator’s stock, up from their previous price target of $52.00. Deutsche Bank AG’s target price points to a potential downside of 12.25% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $72.00 price target (up from $70.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Telsey Advisory Group lifted their target price on Las Vegas Sands Corp. from $64.00 to $66.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. Bank of America Corporation reiterated a “buy” rating and set a $67.00 target price (up from $65.00) on shares of Las Vegas Sands Corp. in a research note on Friday, July 21st. Instinet reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Monday, July 17th. Finally, UBS AG reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Monday, July 10th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $63.10.

Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 61.54 on Thursday. Las Vegas Sands Corp. has a 12-month low of $49.89 and a 12-month high of $66.22. The firm has a market cap of $48.74 billion, a P/E ratio of 23.95 and a beta of 1.81. The firm’s 50-day moving average price is $61.81 and its 200 day moving average price is $58.46.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.14. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. On average, equities analysts expect that Las Vegas Sands Corp. will post $2.74 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Las Vegas Sands Corp. by 1.6% in the second quarter. Vanguard Group Inc. now owns 20,034,880 shares of the casino operator’s stock valued at $1,280,029,000 after buying an additional 322,708 shares in the last quarter. BlackRock Inc. boosted its position in Las Vegas Sands Corp. by 2.3% in the second quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock worth $1,030,543,000 after buying an additional 365,566 shares during the period. Capital World Investors boosted its position in Las Vegas Sands Corp. by 14.5% in the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock worth $638,772,000 after buying an additional 1,263,000 shares during the period. State Street Corp boosted its position in Las Vegas Sands Corp. by 4.7% in the first quarter. State Street Corp now owns 8,023,114 shares of the casino operator’s stock worth $457,878,000 after buying an additional 360,249 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Las Vegas Sands Corp. by 40.8% in the second quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock worth $415,720,000 after buying an additional 1,886,376 shares during the period. 38.52% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Corp. Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

Analyst Recommendations for Las Vegas Sands Corp. (NYSE:LVS)

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