Las Vegas Sands (NYSE:LVS) Given New $62.00 Price Target at Deutsche Bank Aktiengesellschaft

Las Vegas Sands (NYSE:LVS) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $66.00 to $62.00 in a research report report published on Wednesday. The firm currently has a buy rating on the casino operator’s stock.

Several other equities analysts also recently weighed in on LVS. Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.00 to $69.00 in a research report on Friday, January 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $51.00 target price (down previously from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. Susquehanna raised their price objective 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. JPMorgan Chase & Co. cut their target price on Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Barclays decreased their price target on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.33.

Las Vegas Sands Price Performance

NYSE:LVS opened at $43.52 on Wednesday. The company has a market capitalization of $31.55 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.00 and a beta of 1.09. The business’s 50-day moving average is $50.06 and its 200 day moving average is $46.72. 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 has a 12 month low of $36.62 and a 12 month high of $56.60.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. On average, equities research analysts forecast that Las Vegas Sands will post 2.36 earnings per share for the current fiscal year.

Insider Activity

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the transaction, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was 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. Company insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

Hedge funds have recently modified their holdings of the stock. Avestar Capital LLC purchased a new stake in Las Vegas Sands during the 4th quarter valued at about $318,000. Van ECK Associates Corp lifted its holdings in shares of Las Vegas Sands by 204.8% during the fourth quarter. Van ECK Associates Corp now owns 142,509 shares of the casino operator’s stock worth $7,319,000 after purchasing an additional 95,753 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in Las Vegas Sands in the fourth quarter valued at approximately $75,000. Savant Capital LLC increased its holdings in Las Vegas Sands by 5.4% in the 4th quarter. Savant Capital LLC now owns 18,404 shares of the casino operator’s stock worth $945,000 after buying an additional 941 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in Las Vegas Sands during the 4th quarter worth approximately $124,000. Institutional investors and hedge funds 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.