Las Vegas Sands (NYSE:LVS) PT Raised to $58.00 at Barclays

Las Vegas Sands (NYSE:LVS) had its price objective boosted by stock analysts at Barclays from $52.00 to $58.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the casino operator’s stock. Barclays‘s price target would indicate a potential upside of 12.49% from the stock’s current price.

Several other analysts also recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group downgraded Las Vegas Sands from a “buy” rating to a “neutral” rating and lowered their price target for the company from $70.00 to $49.00 in a research report on Friday, August 23rd. Susquehanna lifted their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday. StockNews.com downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus dropped their price target on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and a consensus price target of $57.42.

Las Vegas Sands Trading Up 1.5 %

Las Vegas Sands stock opened at $51.56 on Thursday. Las Vegas Sands has a one year low of $36.62 and a one year high of $55.65. The company’s fifty day moving average price is $44.20 and its two-hundred day moving average price is $44.50. The company has a market capitalization of $38.41 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 1.48 and a beta of 1.12. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57.

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). The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. On average, analysts forecast that Las Vegas Sands will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Las Vegas Sands

Several institutional investors and hedge funds have recently bought and sold shares of LVS. Vanguard Group Inc. boosted its position in shares of Las Vegas Sands by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock valued at $1,918,472,000 after acquiring an additional 209,589 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Las Vegas Sands by 1.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock worth $1,663,219,000 after purchasing an additional 531,799 shares during the period. Bank of New York Mellon Corp boosted its holdings in Las Vegas Sands by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock valued at $502,307,000 after purchasing an additional 1,536,754 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Las Vegas Sands by 0.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator’s stock valued at $376,136,000 after purchasing an additional 68,568 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Las Vegas Sands by 987.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock worth $245,570,000 after buying an additional 5,039,072 shares in the last quarter. 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.