Barclays Forecasts Strong Price Appreciation for Las Vegas Sands (NYSE:LVS) Stock

Key Points

• Barclays has raised its price target for Las Vegas Sands from $59.00 to $62.00, indicating a potential upside of 22.65% from the current stock price.
• There is a general positive sentiment with two analysts rating the stock as a Strong Buy and a consensus price target set at $62.27.
• Las Vegas Sands reported a quarterly earnings per share of $0.78, exceeding expectations and showing a 24.2% increase in revenue year-over-year.

Las Vegas Sands (NYSE:LVS - Get Free Report) had its price objective raised by research analysts at Barclays from $59.00 to $62.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the casino operator's stock. Barclays's target price points to a potential upside of 22.65% from the stock's current price.

LVS has been the subject of several other research reports. Macquarie upped their price target on Las Vegas Sands from $52.00 to $58.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Wall Street Zen raised Las Vegas Sands from a "hold" rating to a "buy" rating in a research report on Sunday, September 7th. Mizuho raised their target price on Las Vegas Sands from $56.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday. Susquehanna boosted their price target on shares of Las Vegas Sands from $62.00 to $63.00 and gave the company a "positive" rating in a research report on Wednesday. Finally, UBS Group upped their price target on shares of Las Vegas Sands from $55.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $62.27.

Las Vegas Sands Stock Performance

NYSE LVS opened at $50.55 on Thursday. The company has a market cap of $34.70 billion, a P/E ratio of 25.53, a PEG ratio of 1.82 and a beta of 1.01. The company has a fifty day simple moving average of $53.23 and a 200 day simple moving average of $46.37. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. Las Vegas Sands has a 12-month low of $30.18 and a 12-month high of $58.05.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.16. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.04 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The business's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. Sell-side analysts predict that Las Vegas Sands will post 2.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Las Vegas Sands

Institutional investors and hedge funds have recently made changes to their positions in the business. Horizon Kinetics Asset Management LLC grew its holdings in Las Vegas Sands by 0.3% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 61,993 shares of the casino operator's stock valued at $2,697,000 after buying an additional 213 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Las Vegas Sands by 37.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator's stock valued at $38,000 after acquiring an additional 239 shares in the last quarter. Harbour Investments Inc. increased its holdings in Las Vegas Sands by 21.4% in the 2nd quarter. Harbour Investments Inc. now owns 1,401 shares of the casino operator's stock valued at $61,000 after acquiring an additional 247 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in Las Vegas Sands by 1.5% in the 2nd quarter. Wealthfront Advisers LLC now owns 18,189 shares of the casino operator's stock worth $791,000 after purchasing an additional 273 shares in the last quarter. Finally, Center for Financial Planning Inc. boosted its holdings in shares of Las Vegas Sands by 31.3% during the 2nd quarter. Center for Financial Planning Inc. now owns 1,440 shares of the casino operator's stock valued at $63,000 after purchasing an additional 343 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.

About Las Vegas Sands

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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