Las Vegas Sands (NYSE:LVS) PT Raised to $59.00 at Susquehanna

Las Vegas Sands (NYSE:LVS) had its price objective boosted by investment analysts at Susquehanna from $51.00 to $59.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “positive” rating on the casino operator’s stock. Susquehanna’s price objective suggests a potential upside of 14.70% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group cut their price objective on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. UBS Group downgraded shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and cut their price objective for the company from $70.00 to $49.00 in a research report on Friday, August 23rd. StockNews.com downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Stifel Nicolaus cut their price objective on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Barclays cut their price objective on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.92.

Las Vegas Sands Stock Up 1.0 %

NYSE LVS traded up $0.49 during mid-day trading on Wednesday, reaching $51.44. The stock had a trading volume of 863,341 shares, compared to its average volume of 5,796,563. Las Vegas Sands has a 1 year low of $36.62 and a 1 year high of $55.65. The stock has a market cap of $38.33 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12. The company has a fifty day moving average price of $43.46 and a 200 day moving average price of $44.41. 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 announced 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). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Las Vegas Sands’s revenue was up 8.6% on a year-over-year basis. On average, research analysts expect that Las Vegas Sands will post 2.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. CVA Family Office LLC grew its position in Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after buying an additional 304 shares during the period. Bank & Trust Co acquired a new stake in shares of Las Vegas Sands in the second quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 437 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Las Vegas Sands in the first quarter valued at about $43,000. Finally, GAMMA Investing LLC grew its position in shares of Las Vegas Sands by 40.1% in the third 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 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.