Barclays Issues Positive Forecast for Las Vegas Sands (NYSE:LVS) Stock Price

Las Vegas Sands (NYSE:LVS) had its target price boosted by analysts at Barclays from $58.00 to $61.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the casino operator’s stock. Barclays‘s price target would suggest a potential upside of 14.00% from the company’s current price.

Other equities analysts have also issued reports about the stock. Susquehanna lifted their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. UBS Group raised their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Stifel Nicolaus lifted their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Mizuho upped their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.42.

Las Vegas Sands Stock Performance

Shares of LVS traded down $0.29 during midday trading on Friday, reaching $53.51. 1,593,277 shares of the stock were exchanged, compared to its average volume of 5,679,066. Las Vegas Sands has a twelve month low of $36.62 and a twelve month high of $56.60. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The company has a market capitalization of $38.80 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.44 and a beta of 1.10. The business’s 50-day moving average price is $51.82 and its 200 day moving average price is $45.55.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The business 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 44.26% and a net margin of 13.29%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. On average, sell-side analysts expect that Las Vegas Sands will post 2.33 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This represents a 28.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. Insiders sold 203,732 shares of company stock worth $10,861,707 over the last three months. 0.91% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Las Vegas Sands during the 3rd quarter valued at approximately $26,000. CVA Family Office LLC grew its position in shares of Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after buying an additional 304 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Las Vegas Sands in the third quarter worth $34,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after acquiring an additional 437 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after acquiring an additional 243 shares in the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

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.