Morgan Stanley analyst Thomas Allen maintained a Hold rating on Las Vegas Sands (LVS) today and set a price target of $50.00. The company’s shares closed last Monday at $43.49.
According to TipRanks.com, Allen is a 1-star analyst with an average return of -2.7% and a 51.1% success rate. Allen covers the Services sector, focusing on stocks such as Hilton Worldwide Holdings, Marriott International, and Norwegian Cruise Line.
Currently, the analyst consensus on Las Vegas Sands is a Moderate Buy with an average price target of $71.71.
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Based on Las Vegas Sands’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.51 billion and net profit of $629 million. In comparison, last year the company earned revenue of $3.48 billion and had a GAAP net loss of $170 million.
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Las Vegas Sands Corp. engages in the development of destination properties. Its properties feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants, and other amenities. It operates through the following geographic segments: Macao, Singapore, and United States. The Macao segment handles the operations of The Venetian Macao; Sands Cotai Central; The Parisian Macao; The Plaza Macao and Four Seasons Hotel Macao; and Sands Macao. The Singapore segment includes the Marina Bay Sands. The United States segment consists of Las Vegas Operating Properties and Sands Bethlehem. The company was founded by Sheldon G. Adelson in August 2004 and is headquartered in Las Vegas, NV.
