Las Vegas Sands (NYSE:LVS) Price Target Raised to $58.00 at Macquarie

Las Vegas Sands (NYSE:LVS) had its price target hoisted by Macquarie from $57.00 to $58.00 in a report released on Wednesday.

LVS has been the subject of a number of other reports. Jefferies Financial Group upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their price target for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Wells Fargo & Company upped their target price on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Mizuho lifted their price target on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays cut their price objective on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Stifel Nicolaus lifted their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and a consensus price target of $60.33.

Las Vegas Sands Trading Up 0.7 %

NYSE:LVS opened at $43.52 on Wednesday. Las Vegas Sands has a 1 year low of $36.62 and a 1 year high of $56.60. The stock’s fifty day moving average price is $50.06 and its two-hundred day moving average price is $46.72. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The company has a market cap of $31.55 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.00 and a beta of 1.09.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. As a group, analysts expect that Las Vegas Sands will post 2.36 EPS for the current year.

Insider Activity

In other news, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the sale, the chief executive officer now owns 60,187 shares of the company’s stock, valued at $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.

Institutional Trading of Las Vegas Sands

Large investors have recently modified their holdings of the business. Meeder Asset Management Inc. increased its stake in shares of Las Vegas Sands by 97.2% during the third quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator’s stock valued at $4,518,000 after buying an additional 44,223 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Las Vegas Sands by 1.4% in the third quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator’s stock valued at $283,284,000 after acquiring an additional 77,807 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Las Vegas Sands in the 2nd quarter worth $619,000. Clearbridge Investments LLC lifted its position in shares of Las Vegas Sands by 29.9% in the 2nd quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator’s stock worth $36,882,000 after purchasing an additional 191,805 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Las Vegas Sands by 33.3% during the 3rd quarter. Principal Financial Group Inc. now owns 548,072 shares of the casino operator’s stock valued at $27,590,000 after purchasing an additional 136,859 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

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.