Las Vegas Sands (NYSE:LVS - Get Free Report) had its target price increased by analysts at Citigroup from $74.00 to $75.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the casino operator's stock. Citigroup's target price suggests a potential upside of 63.47% from the stock's current price.
Other analysts have also recently issued reports about the stock. Jefferies Financial Group reduced their target price on shares of Las Vegas Sands from $54.00 to $53.00 and set a "hold" rating for the company in a research note on Thursday. Wells Fargo & Company reduced their target price on shares of Las Vegas Sands from $62.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Las Vegas Sands from $59.00 to $55.00 and set an "overweight" rating for the company in a research note on Thursday. Morgan Stanley lifted their target price on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an "overweight" rating in a research note on Tuesday, April 9th. Finally, Mizuho reduced their target price on shares of Las Vegas Sands from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $64.47.
Check Out Our Latest Report on Las Vegas Sands
Las Vegas Sands Stock Down 8.7 %
Shares of LVS stock traded down $4.35 during trading on Thursday, hitting $45.88. 21,469,890 shares of the company were exchanged, compared to its average volume of 4,610,430. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.31. The firm has a market capitalization of $34.47 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 0.81 and a beta of 1.16. The business's 50-day simple moving average is $52.22 and its 200 day simple moving average is $49.60. Las Vegas Sands has a twelve month low of $43.77 and a twelve month high of $65.58.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping the consensus estimate of $0.62 by $0.13. The business had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.94 billion. Las Vegas Sands had a net margin of 11.77% and a return on equity of 34.40%. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. As a group, analysts forecast that Las Vegas Sands will post 2.73 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CEO Robert G. Goldstein sold 100,000 shares of the business's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the transaction, the chief executive officer now owns 172,801 shares of the company's stock, valued at $8,996,020.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Las Vegas Sands
A number of hedge funds have recently made changes to their positions in LVS. Headlands Technologies LLC acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at $27,000. Western Pacific Wealth Management LP acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at $29,000. Coppell Advisory Solutions LLC acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at $29,000. Retirement Group LLC acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at $31,000. Finally, CNB Bank acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 39.16% of the company's stock.
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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