Las Vegas Sands Corp (NYSE:LVS) shares traded 3.43% higher at $46.39 on Wall Street last session.
In accordance with the data, 17 analysts cover 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 $77.00 and a low of $52.00, we find $65.00. Given the previous closing price of $44.85, this indicates a potential upside of 44.93 percent. LVS stock price is now -1.06% away from the 50-day moving average and -14.46% away from the 200-day moving average. The market capitalization of the company currently stands at $34.95B.
It has been rated a hold by 3 analysts and a buy by 12. Brokers who have rated the stock have averaged $65.91 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, Adelson Miriam, 10% Owner sold 34,010,540 shares of the company’s stock on Dec 01. The stock was sold for $1,470,275,644 at an average price of $43.23. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, 10% Owner Adelson Miriam sold 12,253,628 shares of the business’s stock. A total of $529,724,338 was realized by selling the stock at an average price of $43.23. This leaves the insider owning 41,134,164 shares of the company worth $1.91 billion. Insiders disposed of 18,698,216 shares of company stock worth roughly $867.41 million over the past 1 year. A total of 51.50% of the company’s stock is owned by insiders.
During the past 12 months, Las Vegas Sands Corp has had a low of $43.77 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 1.49, and a quick ratio of 1.48. The fifty day moving average price for LVS is $46.90 and a two-hundred day moving average price translates $54.18 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 $2.91B in revenue.
