Stocks of Las Vegas Sands Corp (NYSE:LVS) traded higher last session on Wall Street, down -1.54% to $46.73.
According to the data, Las Vegas Sands Corp (NYSE:LVS) has 18 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $79.00 and a low of $54.00, we find $65.00. Given the previous closing price of $47.46, this indicates a potential upside of 36.96 percent. LVS stock price is now -3.10% away from the 50-day moving average and -15.68% away from the 200-day moving average. The market capitalization of the company currently stands at $35.72B.
A total of 4 analysts have issued a hold rating and 12 have given it a buy rating. Brokers who have rated the stock have averaged $65.85 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 $9.63 million. Insiders disposed of 18,698,216 shares of company stock worth roughly $873.77 million over the past 1 year. A total of 56.60% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $47.44 for Las Vegas Sands Corp (NYSE: LVS). During the past 12 months, Las Vegas Sands Corp has had a low of $37.03 and a high of $65.58. As of last week, the company has a debt-to-equity ratio of 3.16, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for LVS is $48.23 and a two-hundred day moving average price translates $55.42 for the stock.
The latest earnings results from Las Vegas Sands Corp (NYSE: LVS) was released for Sep, 2023. According to the Resorts & Casinos Company, earnings per share came in at $0.55, beating analysts’ expectations of $0.54 by 0.01. This compares to $0.00 EPS in the same period last year. The net profit margin was 7.87% and return on equity was 15.97% for LVS. The company reported revenue of $2.79 billion for the quarter, compared to $1.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 178.11 percent. For the current quarter, analysts expect LVS to generate $2.9B in revenue.
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.
