Las Vegas Sands (NYSE:LVS) Price Target Raised to $80.00

Las Vegas Sands (NYSE:LVS) had its target price lifted by equities researchers at Argus from $65.00 to $80.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the casino operator’s stock. Argus’ price target indicates a potential upside of 17.37% from the company’s previous close.

LVS has been the subject of a number of other research reports. Morgan Stanley upped their price objective on shares of Las Vegas Sands from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Macquarie upped their price target on Las Vegas Sands from $62.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Las Vegas Sands in a research report on Tuesday, November 25th. Susquehanna boosted their price objective on Las Vegas Sands from $62.00 to $63.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company initiated coverage on Las Vegas Sands in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $66.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $65.60.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $68.16 on Monday. The company has a debt-to-equity ratio of 7.42, a current ratio of 0.89 and a quick ratio of 1.21. The stock has a market capitalization of $46.09 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 1.62 and a beta of 1.03. The firm’s 50 day simple moving average is $57.98 and its 200-day simple moving average is $51.89. Las Vegas Sands has a 12 month low of $30.18 and a 12 month high of $68.63.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.16. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.04 billion. Las Vegas Sands had a net margin of 12.69% and a return on equity of 73.14%. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. Analysts expect that Las Vegas Sands will post 2.6 EPS for the current year.

Insiders Place Their Bets

In other Las Vegas Sands news, CFO Randy Hyzak sold 57,545 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $66.45, for a total value of $3,823,865.25. Following the transaction, the chief financial officer directly owned 53,499 shares in the company, valued at $3,555,008.55. The trade was a 51.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP D. Zachary Hudson sold 100,000 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $64.99, for a total transaction of $6,499,000.00. Following the completion of the transaction, the executive vice president directly owned 13,735 shares in the company, valued at $892,637.65. The trade was a 87.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 2,157,545 shares of company stock valued at $130,042,065. Insiders own 1.20% of the company’s stock.

Institutional Trading of Las Vegas Sands

Several hedge funds have recently modified their holdings of LVS. Avantax Advisory Services Inc. grew its stake in Las Vegas Sands by 12.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 10,346 shares of the casino operator’s stock worth $400,000 after purchasing an additional 1,172 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Las Vegas Sands by 6.0% in the 1st quarter. Mackenzie Financial Corp now owns 53,524 shares of the casino operator’s stock valued at $2,068,000 after buying an additional 3,015 shares during the period. Federated Hermes Inc. grew its position in shares of Las Vegas Sands by 797.5% during the first quarter. Federated Hermes Inc. now owns 13,400 shares of the casino operator’s stock worth $518,000 after buying an additional 11,907 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Las Vegas Sands during the first quarter worth approximately $529,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Las Vegas Sands by 13.6% during the first quarter. PNC Financial Services Group Inc. now owns 32,846 shares of the casino operator’s stock worth $1,269,000 after buying an additional 3,938 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

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.