Barclays Cuts Las Vegas Sands (NYSE:LVS) Price Target to $63.00

Las Vegas Sands (NYSE:LVS) had its price target lowered by investment analysts at Barclays from $65.00 to $63.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the casino operator’s stock. Barclays‘s price target suggests a potential upside of 37.68% from the stock’s previous close.

Several other research firms have also commented on LVS. JPMorgan Chase & Co. dropped their price target on shares of Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Morgan Stanley raised their target price on Las Vegas Sands from $67.00 to $69.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Citigroup lifted their price target on Las Vegas Sands from $76.75 to $78.50 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Mizuho upped their price target on Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.16.

Las Vegas Sands Trading Down 0.9%

Las Vegas Sands stock opened at $45.76 on Thursday. The firm has a market cap of $30.32 billion, a PE ratio of 16.95, a P/E/G ratio of 1.04 and a beta of 0.83. Las Vegas Sands has a 12 month low of $45.12 and a 12 month high of $70.45. The stock’s 50 day simple moving average is $49.91 and its two-hundred day simple moving average is $54.84. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the firm earned $0.59 EPS. The business’s quarterly revenue was up 25.3% on a year-over-year basis. Analysts anticipate that Las Vegas Sands will post 3.38 earnings per share for the current year.

Institutional Investors Weigh In On Las Vegas Sands

Several hedge funds and other institutional investors have recently made changes to their positions in LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Las Vegas Sands by 8.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after buying an additional 2,418 shares during the last quarter. Woodline Partners LP increased its stake in shares of Las Vegas Sands by 38.9% in the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after acquiring an additional 8,132 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Las Vegas Sands by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock worth $93,000 after acquiring an additional 1,027 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Las Vegas Sands during the 2nd quarter worth $414,000. Finally, Cerity Partners LLC boosted its position in shares of Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after acquiring an additional 7,243 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.