Las Vegas Sands (NYSE:LVS) Stock Price Expected to Rise, Barclays Analyst Says

Las Vegas Sands (NYSE:LVS - Get Free Report) had its price target raised by equities research analysts at Barclays from $57.00 to $58.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the casino operator's stock. Barclays's target price would suggest a potential upside of 14.42% from the company's current price.

Several other research analysts have also commented on LVS. Morgan Stanley upped their price objective on shares of Las Vegas Sands from $45.00 to $47.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. UBS Group increased their price target on shares of Las Vegas Sands from $43.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Macquarie reduced their price target on shares of Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. initiated coverage on shares of Las Vegas Sands in a research note on Monday, June 23rd. They issued a "neutral" rating and a $47.00 price target for the company. Finally, Stifel Nicolaus set a $57.00 price target on shares of Las Vegas Sands and gave the stock a "buy" rating in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Las Vegas Sands presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.43.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS traded up $2.00 on Thursday, reaching $50.69. 7,629,033 shares of the company's stock were exchanged, compared to its average volume of 5,791,057. The company has a fifty day moving average of $44.10 and a 200-day moving average of $42.12. Las Vegas Sands has a twelve month low of $30.18 and a twelve month high of $56.60. The company has a market capitalization of $35.82 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 2.44 and a beta of 1.03. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.58.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.26. The business had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $2.83 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 up 15.0% on a year-over-year basis. During the same period last year, the company posted $0.55 earnings per share. On average, research analysts predict that Las Vegas Sands will post 2.6 EPS for the current fiscal year.

Las Vegas Sands announced that its board has approved a share buyback program on Wednesday, April 23rd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the casino operator to reacquire up to 8.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LVS. US Bancorp DE boosted its stake in shares of Las Vegas Sands by 19.0% during the 2nd quarter. US Bancorp DE now owns 132,690 shares of the casino operator's stock worth $5,773,000 after acquiring an additional 21,207 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Las Vegas Sands during the 2nd quarter worth about $218,000. Hilltop National Bank bought a new stake in shares of Las Vegas Sands during the 2nd quarter worth about $44,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Las Vegas Sands by 7.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,904 shares of the casino operator's stock valued at $1,823,000 after acquiring an additional 2,899 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Las Vegas Sands by 110.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 25,576 shares of the casino operator's stock worth $1,113,000 after buying an additional 13,395 shares in the last quarter. 39.16% of the stock is owned by institutional investors and hedge funds.

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.

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