Las Vegas Sands (NYSE:LVS) PT Lowered to $52.00 at Barclays

Las Vegas Sands (NYSE:LVS) had its target price lowered by equities research analysts at Barclays from $57.00 to $52.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the casino operator’s stock. Barclays‘s target price points to a potential upside of 28.97% from the company’s previous close.

A number of other brokerages have also issued reports on LVS. JPMorgan Chase & Co. lowered their target price on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Jefferies Financial Group dropped their price objective on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Stifel Nicolaus 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 report on Thursday, April 18th. StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Finally, Citigroup upped their price objective on Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.92.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $40.32 on Thursday. Las Vegas Sands has a 52 week low of $40.17 and a 52 week high of $60.47. The company has a fifty day simple moving average of $43.70 and a two-hundred day simple moving average of $48.08. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96. The company has a market cap of $30.04 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 0.75 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.04). Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the company earned $0.46 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Las Vegas Sands will post 2.64 earnings per share for the current fiscal year.

Institutional Trading of Las Vegas Sands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LVS. Bank & Trust Co purchased a new stake in shares of Las Vegas Sands during the second quarter worth about $29,000. Delos Wealth Advisors LLC acquired a new position in Las Vegas Sands in the fourth quarter valued at $33,000. Venturi Wealth Management LLC grew its holdings in Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock valued at $34,000 after buying an additional 409 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in shares of Las Vegas Sands in the fourth quarter worth approximately $39,000. Finally, Accent Capital Management LLC purchased a new stake in Las Vegas Sands in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors 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.