Las Vegas Sands (NYSE:LVS) Price Target Cut to $62.00 by Analysts at Deutsche Bank Aktiengesellschaft

Las Vegas Sands (NYSE:LVS) had its price target dropped by analysts at Deutsche Bank Aktiengesellschaft from $66.00 to $62.00 in a report released on Wednesday. The firm currently has a “buy” rating on the casino operator’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 41.33% from the company’s previous close.

LVS has been the subject of several other reports. Barclays decreased their target price on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday. UBS Group lifted their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Morgan Stanley reissued an “equal weight” rating and issued a $51.00 target price (down from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. Wells Fargo & Company raised their price target on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, Susquehanna increased their target price on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.33.

Las Vegas Sands Trading Up 1.5 %

LVS traded up $0.64 during trading on Wednesday, reaching $43.87. 2,535,719 shares of the company’s stock were exchanged, compared to its average volume of 4,519,878. The company’s fifty day moving average price is $50.06 and its 200-day moving average price is $46.72. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The firm has a market capitalization of $31.81 billion, a PE ratio of 21.73, a P/E/G ratio of 1.00 and a beta of 1.09. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $56.60.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction that occurred 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 directly owns 60,187 shares of the company’s stock, valued at $3,129,724. The trade was a 28.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Empowered Funds LLC increased its stake in shares of Las Vegas Sands by 3.6% in the third quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator’s stock valued at $305,000 after buying an additional 213 shares during the period. Raymond James Trust N.A. increased its position in Las Vegas Sands by 4.7% during the 3rd quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator’s stock valued at $255,000 after purchasing an additional 229 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in Las Vegas Sands by 45.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator’s stock worth $39,000 after purchasing an additional 238 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Las Vegas Sands by 73.5% during the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after buying an additional 247 shares during the period. 39.16% of the stock is owned by institutional investors.

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.