Las Vegas Sands (NYSE:LVS) Price Target Raised to $60.00

Las Vegas Sands (NYSE:LVS) had its price target boosted by stock analysts at Wells Fargo & Company from $53.00 to $60.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the casino operator’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 15.34% from the company’s previous close.

A number of other research analysts also recently commented on the company. Morgan Stanley reduced their target price on Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, September 4th. Stifel Nicolaus reduced their target price on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. UBS Group downgraded Las Vegas Sands from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $70.00 to $49.00 in a report on Friday, August 23rd. StockNews.com downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Susquehanna reduced their target price on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.83.

Las Vegas Sands Stock Up 3.3 %

NYSE LVS traded up $1.68 during mid-day trading on Tuesday, reaching $52.02. 5,797,621 shares of the company’s stock traded hands, compared to its average volume of 5,744,403. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $55.65. The company has a fifty day simple moving average of $40.62 and a 200-day simple moving average of $44.31. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. The company has a market cap of $38.76 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 1.20 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business earned $0.46 EPS. Las Vegas Sands’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities research analysts expect that Las Vegas Sands will post 2.45 EPS for the current year.

Institutional Trading of Las Vegas Sands

A number of institutional investors have recently bought and sold shares of LVS. Bank & Trust Co acquired a new stake in Las Vegas Sands during the second quarter valued at $29,000. Accent Capital Management LLC acquired a new stake in shares of Las Vegas Sands in the fourth quarter worth about $39,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after purchasing an additional 437 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Las Vegas Sands in the first quarter worth about $43,000. Finally, Parallel Advisors LLC increased its stake in shares of Las Vegas Sands by 54.8% in the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $50,000 after purchasing an additional 357 shares during the period. Institutional investors and hedge funds 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.