The price of Las Vegas Sands Corp (NYSE:LVS) shares last traded on Wall Street fell -1.14% to $44.22.
Based on available information, 18 analysts follow Las Vegas Sands Corp (NYSE:LVS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $80.50 and a low of $52.00, we find $68.00. Given the previous closing price of $44.73, this indicates a potential upside of 52.02 percent. LVS stock price is now -15.84% away from the 50-day moving average and -20.71% away from the 200-day moving average. The market capitalization of the company currently stands at $33.80B.
Among analysts, 4 rate the stock a hold while 12 rate it a buy. Brokers who have rated the stock have averaged $67.69 as their price target over the next twelve months.
With the price target reduced from $69 to $65, Jefferies Downgraded its rating from Buy to Hold for Las Vegas Sands Corp (NYSE: LVS).
In other news, Forman Charles D, Director sold 15,000 shares of the company’s stock on Apr 28. The stock was sold for $947,550 at an average price of $63.17. Upon completion of the transaction, the Director now directly owns 205,984 shares in the company, valued at $9.11 million. Insiders disposed of 13,525,500 shares of company stock worth roughly $598.1 million over the past 1 year. A total of 56.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LVS stock. A new stake in Las Vegas Sands Corp shares was purchased by POINTSTATE CAPITAL LP during the first quarter worth $46,847,000. ATREIDES MANAGEMENT, LP invested $46,733,000 in shares of LVS during the first quarter. In the first quarter, SUVRETTA CAPITAL MANAGEMENT, LLC acquired a new stake in Las Vegas Sands Corp valued at approximately $30,301,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in LVS for approximately $29,888,000. CHARLES-LIM CAPITAL LTD purchased a new stake in LVS valued at around $28,743,000 in the second quarter. In total, there are 983 active investors with 40.21% ownership of the company’s stock.
During the past 12 months, Las Vegas Sands Corp has had a low of $33.38 and a high of $65.58. As of last week, the company has a debt-to-equity ratio of 3.45, a current ratio of 2.76, and a quick ratio of 2.75. The fifty day moving average price for LVS is $52.28 and a two-hundred day moving average price translates $55.75 for the stock.
The latest earnings results from Las Vegas Sands Corp (NYSE: LVS) was released for Jun, 2023. According to the Resorts & Casinos Company, earnings per share came in at $0.46, beating analysts’ expectations of $0.43 by 0.03. This compares to $0.00 EPS in the same period last year. The net profit margin was 0.84% and return on equity was 1.34% for LVS. The company reported revenue of $2.54 billion for the quarter, compared to $1.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 143.25 percent. For the current quarter, analysts expect LVS to generate $2.72B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/16/2023. Investors who held shares on 08/08/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.24 dividend and a 0.53% percent yield. There was an ex-dividend date of 08/07/2023 for this dividend.
Las Vegas Sands Corp(LVS) 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. The company’s integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.
