Las Vegas Sands (NYSE:LVS) PT Raised to $75.00 at Citigroup

Las Vegas Sands (NYSE:LVS) had its price objective boosted by equities researchers at Citigroup from $74.00 to $75.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the casino operator’s stock. Citigroup’s price target points to a potential upside of 60.05% from the company’s previous close.

LVS has been the topic of several other research reports. Morgan Stanley increased their target price on Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Wells Fargo & Company decreased their price target on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their price target on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Finally, Jefferies Financial Group decreased their price target on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.60.

Las Vegas Sands Price Performance

Las Vegas Sands stock traded down $3.37 during mid-day trading on Thursday, hitting $46.86. 11,052,683 shares of the company were exchanged, compared to its average volume of 4,463,391. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 2.96. The business has a fifty day moving average of $52.37 and a 200 day moving average of $49.62. Las Vegas Sands has a 1-year low of $43.77 and a 1-year high of $65.58. The company has a market capitalization of $35.20 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 0.81 and a beta of 1.16.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.13. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a return on equity of 34.40% and a net margin of 11.77%. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 earnings per share. As a group, sell-side analysts expect that Las Vegas Sands will post 2.73 earnings per share for the current year.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the transaction, the chief executive officer now owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Las Vegas Sands

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC grew its position in Las Vegas Sands by 9.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 16,075 shares of the casino operator’s stock worth $831,000 after acquiring an additional 1,408 shares during the last quarter. Hengehold Capital Management LLC bought a new stake in Las Vegas Sands during the 1st quarter worth $217,000. ARGA Investment Management LP grew its position in Las Vegas Sands by 6.4% during the 1st quarter. ARGA Investment Management LP now owns 3,308,987 shares of the casino operator’s stock worth $171,075,000 after acquiring an additional 198,413 shares during the last quarter. Game Plan Financial Advisors LLC grew its position in Las Vegas Sands by 1.4% during the 1st quarter. Game Plan Financial Advisors LLC now owns 31,882 shares of the casino operator’s stock worth $1,648,000 after acquiring an additional 435 shares during the last quarter. Finally, FCF Advisors LLC bought a new stake in Las Vegas Sands during the 1st quarter worth $695,000. 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.