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

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

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group reduced their price objective on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. cut their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday. Mizuho cut their target price on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Company cut their target price on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Barclays boosted their price target on Las Vegas Sands from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.60.

Las Vegas Sands Price Performance

Shares of LVS stock traded down $3.37 during trading hours on Thursday, hitting $46.86. The stock had a trading volume of 11,052,683 shares, compared to its average volume of 4,463,391. Las Vegas Sands has a one year low of $43.77 and a one year high of $65.58. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.31 and a quick ratio of 1.30. The stock’s 50-day moving average price is $52.37 and its two-hundred day moving average price is $49.62. The stock has a market capitalization of $35.20 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 0.81 and a beta of 1.16.

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

Insider Activity

In other news, CEO Robert G. Goldstein sold 100,000 shares of the 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 sale, the chief executive officer now owns 172,801 shares in the company, valued at approximately $8,996,020.06. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Las Vegas Sands

Several hedge funds and other institutional investors have recently made changes to their positions in LVS. MML Investors Services LLC increased its position in shares of Las Vegas Sands by 1.9% in the 1st quarter. MML Investors Services LLC now owns 9,767 shares of the casino operator’s stock valued at $561,000 after acquiring an additional 185 shares during the period. Horizon Investments LLC increased its position in shares of Las Vegas Sands by 4.3% in the 2nd quarter. Horizon Investments LLC now owns 4,964 shares of the casino operator’s stock valued at $287,000 after acquiring an additional 204 shares during the period. Baird Financial Group Inc. increased its position in shares of Las Vegas Sands by 0.7% in the 4th quarter. Baird Financial Group Inc. now owns 32,842 shares of the casino operator’s stock valued at $1,579,000 after acquiring an additional 216 shares during the period. Industrial Alliance Investment Management Inc. increased its position in shares of Las Vegas Sands by 16.4% in the 4th quarter. Industrial Alliance Investment Management Inc. now owns 1,560 shares of the casino operator’s stock valued at $75,000 after acquiring an additional 220 shares during the period. Finally, Waldron Private Wealth LLC increased its position in shares of Las Vegas Sands by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock valued at $608,000 after acquiring an additional 232 shares during the period. Hedge funds and other 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.