Las Vegas Sands (NYSE:LVS) Stock Price Expected to Rise, UBS Group Analyst Says

Las Vegas Sands (NYSE:LVS) had its target price increased by research analysts at UBS Group from $49.00 to $50.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “neutral” rating on the casino operator’s stock. UBS Group’s price objective would suggest a potential downside of 1.38% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Barclays increased their price target on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. lifted their price target on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Stifel Nicolaus increased their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Mizuho boosted their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Las Vegas Sands Stock Up 0.7 %

Las Vegas Sands stock opened at $50.70 on Tuesday. The stock has a 50 day moving average of $47.26 and a two-hundred day moving average of $44.54. Las Vegas Sands has a twelve month low of $36.62 and a twelve month high of $55.65. The stock has a market capitalization of $36.76 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.35 and a beta of 1.11. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.55 earnings per share. As a group, research analysts expect that Las Vegas Sands will post 2.35 earnings per share for the current year.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 119,221 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the completion of the transaction, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at $4,540,776.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

Several hedge funds have recently bought and sold shares of LVS. The Manufacturers Life Insurance Company boosted its stake in shares of Las Vegas Sands by 987.0% during the second quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock valued at $245,570,000 after acquiring an additional 5,039,072 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Las Vegas Sands by 58.6% during the first quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator’s stock worth $275,559,000 after buying an additional 1,968,941 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $502,307,000 after buying an additional 1,536,754 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of Las Vegas Sands in the first quarter valued at approximately $72,550,000. Finally, Charles Lim Capital Ltd lifted its stake in shares of Las Vegas Sands by 178.3% during the second quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator’s stock valued at $70,800,000 after buying an additional 1,025,000 shares during the period. Hedge funds and other 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.