The stock of Las Vegas Sands Corp (NYSE:LVS) last traded at $52.59, down -2.54% from the previous session.
LVS stock price is now 1.08% away from the 50-day moving average and 2.49% away from the 200-day moving average. The market capitalization of the company currently stands at $39.63B.
With the price target of $70, Mizuho recently initiated with Buy rating for Las Vegas Sands Corp (NYSE: LVS). On December 15, 2023, Susquehanna recently initiated its ‘Positive’ rating on the stock quoting a target price of $59, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Goldstein Robert G, Chairman & CEO sold 100,000 shares of the company’s stock on Mar 15 ’24. The stock was sold for $5,206,000 at an average price of $52.06. Upon completion of the transaction, the Chairman & CEO now directly owns 172,801 shares in the company, valued at $9.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01 ’23, 10% Owner Adelson Miriam sold 34,010,540 shares of the business’s stock. A total of $1,470,275,644 was realized by selling the stock at an average price of $43.23. A total of 45.50% 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 3.47, a current ratio of 1.31, and a quick ratio of 1.30. The fifty day moving average price for LVS is $52.03 and a two-hundred day moving average price translates $51.31 for the stock.
The latest earnings results from Las Vegas Sands Corp (NYSE: LVS) was released for Dec, 2023. According to the Resorts & Casinos Company, earnings per share came in at $0.57, missing analysts’ expectations of $0.61 by -0.04. This compares to $0.01 EPS in the same period last year. The net profit margin was 11.77% and return on equity was 30.53% for LVS. The company reported revenue of $2.92 billion for the quarter, compared to $1.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 160.97 percent. For the current quarter, analysts expect LVS to generate $2.95B in revenue.
