UBS Group Boosts Las Vegas Sands (NYSE:LVS) Price Target to $48.00

Las Vegas Sands (NYSE:LVS - Get Free Report) had its price target raised by equities research analysts at UBS Group from $43.00 to $48.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the casino operator's stock. UBS Group's price target would indicate a potential downside of 3.25% from the company's previous close.

Several other research firms have also recently issued reports on LVS. Morgan Stanley lowered their target price on shares of Las Vegas Sands from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus set a $57.00 target price on shares of Las Vegas Sands and gave the stock a "buy" rating in a research note on Thursday, April 24th. Mizuho set a $47.00 price target on shares of Las Vegas Sands in a report on Thursday, April 24th. Macquarie decreased their price target on shares of Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Las Vegas Sands in a report on Monday, June 23rd. They issued a "neutral" rating and a $47.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Las Vegas Sands has an average rating of "Moderate Buy" and an average target price of $55.15.

Las Vegas Sands Stock Performance

LVS traded up $0.50 during midday trading on Tuesday, reaching $49.61. The company had a trading volume of 3,334,755 shares, compared to its average volume of 5,873,300. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $35.06 billion, a PE ratio of 27.56, a P/E/G ratio of 1.73 and a beta of 1.03. Las Vegas Sands has a 12-month low of $30.18 and a 12-month high of $56.61. The business has a 50-day moving average price of $42.21 and a two-hundred day moving average price of $42.26.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The casino operator reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The business had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.95 billion. Las Vegas Sands had a net margin of 11.64% and a return on equity of 44.91%. The business's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, sell-side analysts expect that Las Vegas Sands will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands announced that its Board of Directors has authorized a share repurchase plan on Wednesday, April 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the casino operator to reacquire up to 8.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its stock is undervalued.

Institutional Investors Weigh In On Las Vegas Sands

Large investors have recently modified their holdings of the stock. Optiver Holding B.V. bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. bought a new stake in shares of Las Vegas Sands during the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator's stock valued at $38,000 after purchasing an additional 239 shares in the last quarter. Center for Financial Planning Inc. bought a new stake in shares of Las Vegas Sands during the 1st quarter valued at about $42,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Las Vegas Sands by 63.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 885 shares of the casino operator's stock valued at $45,000 after purchasing an additional 342 shares in the last quarter. Institutional investors own 39.16% of the company's stock.

Las Vegas Sands Company Profile

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.