The price of Las Vegas Sands Corp (NYSE:LVS) shares last traded on Wall Street fell -0.32% to $49.12.
Based on available information, 17 analysts follow Las Vegas Sands Corp (NYSE:LVS). The consensus rating among analysts is ‘Buy’. 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 $49.28, this indicates a potential upside of 31.9 percent. LVS stock price is now 4.44% away from the 50-day moving average and -10.67% away from the 200-day moving average. The market capitalization of the company currently stands at $37.55B.
Among analysts, 3 rate the stock a hold while 12 rate it a buy. Brokers who have rated the stock have averaged $66.41 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 $10.12 million. Insiders disposed of 18,698,216 shares of company stock worth roughly $918.46 million over the past 1 year. A total of 56.58% of the company’s stock is owned by insiders.
A candlestick chart of Las Vegas Sands Corp (NYSE: LVS) showed a price of $49.14 on Thursday morning. During the past 12 months, Las Vegas Sands Corp has had a low of $41.42 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 $47.02 and a two-hundred day moving average price translates $54.94 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.
