Macquarie Issues Positive Forecast for Las Vegas Sands (NYSE:LVS) Stock Price

Key Points

• Macquarie has raised its price target for Las Vegas Sands from $62.00 to $64.00, suggesting a potential upside of 12.84% based on the current stock price.
• Other analysts have also increased their price targets, with an average consensus target price of $63.33 and a majority rating of "Moderate Buy."
• Las Vegas Sands reported earnings of $0.78 per share for the last quarter, surpassing expectations and demonstrating a 24.2% increase in revenue year-over-year.

Las Vegas Sands (NYSE:LVS - Get Free Report) had its price target increased by analysts at Macquarie from $62.00 to $64.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the casino operator's stock. Macquarie's target price suggests a potential upside of 12.84% from the company's current price.

Other equities research analysts have also issued research reports about the company. Morgan Stanley lifted their price target on Las Vegas Sands from $50.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 11th. The Goldman Sachs Group dropped their price target on Las Vegas Sands from $59.00 to $58.00 and set a "neutral" rating for the company in a research note on Wednesday, October 1st. Barclays lifted their price target on Las Vegas Sands from $59.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday. Zacks Research upgraded shares of Las Vegas Sands from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Finally, Susquehanna lifted their price target on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a "positive" rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $63.33.

Las Vegas Sands Price Performance

Las Vegas Sands stock traded up $6.10 during midday trading on Thursday, hitting $56.72. 7,334,593 shares of the company's stock were exchanged, compared to its average volume of 5,595,850. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.21 and a current ratio of 1.22. Las Vegas Sands has a 52-week low of $30.18 and a 52-week high of $58.05. The company has a market cap of $38.93 billion, a P/E ratio of 28.63, a PEG ratio of 1.82 and a beta of 1.01. The stock has a 50-day moving average price of $53.23 and a two-hundred day moving average price of $46.37.

Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.04 billion. During the same quarter last year, the company posted $0.44 EPS. The business's quarterly revenue was up 24.2% on a year-over-year basis. On average, equities research analysts forecast that Las Vegas Sands will post 2.6 earnings per share for the current year.

Institutional Investors Weigh In On Las Vegas Sands

Large investors have recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Las Vegas Sands during the first quarter valued at approximately $391,000. Oppenheimer & Co. Inc. boosted its position in Las Vegas Sands by 54.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 10,047 shares of the casino operator's stock valued at $388,000 after acquiring an additional 3,542 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Las Vegas Sands by 8.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 150,120 shares of the casino operator's stock valued at $5,799,000 after acquiring an additional 12,251 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in Las Vegas Sands during the 1st quarter valued at approximately $759,000. Finally, Golden State Wealth Management LLC boosted its position in Las Vegas Sands by 103.2% during the 1st quarter. Golden State Wealth Management LLC now owns 3,587 shares of the casino operator's stock valued at $139,000 after acquiring an additional 1,822 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.

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