Stifel Nicolaus Boosts Las Vegas Sands (NYSE:LVS) Price Target to $64.00

Las Vegas Sands (NYSE:LVS) had its price objective upped by research analysts at Stifel Nicolaus from $55.00 to $64.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the casino operator’s stock. Stifel Nicolaus’ price target indicates a potential upside of 23.50% from the company’s current price.

Several other brokerages have also recently weighed in on LVS. Macquarie reduced their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Mizuho raised their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday. Susquehanna boosted their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft cut their price target on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, Morgan Stanley upped their price objective on Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus target price of $57.92.

Las Vegas Sands Stock Up 1.5 %

Shares of NYSE:LVS traded up $0.78 during trading on Thursday, hitting $51.82. The company’s stock had a trading volume of 3,835,780 shares, compared to its average volume of 5,754,059. The company has a market capitalization of $38.61 billion, a PE ratio of 24.99, a P/E/G ratio of 1.48 and a beta of 1.12. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The business has a 50 day moving average price of $44.94 and a two-hundred day moving average price of $44.40.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. Las Vegas Sands’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. As a group, research analysts expect that Las Vegas Sands will post 2.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Las Vegas Sands

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after buying an additional 243 shares during the last quarter. Signaturefd LLC lifted its position in Las Vegas Sands by 7.8% during the 3rd quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock worth $177,000 after acquiring an additional 253 shares during the period. Waldron Private Wealth LLC grew its stake in shares of Las Vegas Sands by 2.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock valued at $628,000 after purchasing an additional 268 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares during the period. Finally, Western Pacific Wealth Management LP raised its stake in shares of Las Vegas Sands by 53.5% during the first quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock worth $50,000 after purchasing an additional 338 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other 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.