Barclays Increases Las Vegas Sands (NYSE:LVS) Price Target to $58.00

by · The Cerbat Gem

Las Vegas Sands (NYSE:LVS – Get Free Report) had its target price increased by Barclays from $52.00 to $58.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the casino operator’s stock. Barclays‘s price target would suggest a potential upside of 12.49% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Susquehanna increased their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday. Morgan Stanley decreased their price target on shares of Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. StockNews.com downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Jefferies Financial Group decreased their target price on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.42.

Check Out Our Latest Report on Las Vegas Sands

Las Vegas Sands Stock Up 1.5 %

LVS stock opened at $51.56 on Thursday. The firm’s 50-day moving average is $44.20 and its two-hundred day moving average is $44.50. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. The company has a market capitalization of $38.41 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12. Las Vegas Sands has a 52 week low of $36.62 and a 52 week high of $55.65.

Las Vegas Sands (NYSE:LVS – Get Free Report) last released its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts forecast that Las Vegas Sands will post 2.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its stake in shares of Las Vegas Sands by 82.2% during the 3rd quarter. Raymond James & Associates now owns 499,852 shares of the casino operator’s stock valued at $25,163,000 after buying an additional 225,510 shares during the period. Stratos Wealth Advisors LLC raised its holdings in shares of Las Vegas Sands by 3.5% during the third quarter. Stratos Wealth Advisors LLC now owns 50,111 shares of the casino operator’s stock worth $2,523,000 after acquiring an additional 1,705 shares in the last quarter. V Square Quantitative Management LLC boosted its position in Las Vegas Sands by 20.5% during the third quarter. V Square Quantitative Management LLC now owns 5,880 shares of the casino operator’s stock valued at $296,000 after purchasing an additional 1,000 shares during the last quarter. Hengehold Capital Management LLC purchased a new position in Las Vegas Sands in the third quarter valued at about $211,000. Finally, Vontobel Holding Ltd. increased its position in Las Vegas Sands by 67.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 38,981 shares of the casino operator’s stock worth $1,962,000 after purchasing an additional 15,727 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

About Las Vegas Sands

(Get Free Report)

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.

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