Barclays Raises Las Vegas Sands (LVS) Price Target to $75.00
Las Vegas Sands (NYSE:LVS) had its price objective increased by analysts at Barclays from $69.00 to $75.00 in a report issued on Thursday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the casino operator’s stock. Barclays’ price target points to a potential upside of 7.76% from the stock’s current price.
LVS has been the topic of a number of other research reports. Stifel Nicolaus reiterated a “buy” rating on shares of Las Vegas Sands in a report on Sunday, September 3rd. Zacks Investment Research upgraded Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Friday, October 13th. Roth Capital initiated coverage on Las Vegas Sands in a research report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price objective on the stock. Deutsche Bank raised their price objective on Las Vegas Sands from $54.00 to $57.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Nomura raised their price objective on Las Vegas Sands from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $65.77.
Shares of Las Vegas Sands (NYSE LVS) traded up $0.85 during trading on Thursday, reaching $69.60. The company had a trading volume of 1,829,073 shares, compared to its average volume of 3,251,991. Las Vegas Sands has a 52-week low of $51.35 and a 52-week high of $70.46. The firm has a market capitalization of $54,890.93, a PE ratio of 24.98 and a beta of 1.80. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38.
In other Las Vegas Sands news, Director George Jamieson bought 1,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of $66.96 per share, with a total value of $66,960.00. Following the completion of the transaction, the director now owns 6,488 shares in the company, valued at $434,436.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 10.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. AXA increased its position in shares of Las Vegas Sands by 3.9% during the third quarter. AXA now owns 107,969 shares of the casino operator’s stock worth $6,927,000 after acquiring an additional 4,067 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Las Vegas Sands during the third quarter worth about $198,000. Public Employees Retirement System of Ohio increased its position in shares of Las Vegas Sands by 12.8% during the third quarter. Public Employees Retirement System of Ohio now owns 402,236 shares of the casino operator’s stock worth $25,807,000 after acquiring an additional 45,751 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Las Vegas Sands during the third quarter worth about $245,000. Finally, Americafirst Capital Management LLC purchased a new stake in shares of Las Vegas Sands during the third quarter worth about $250,000. 37.47% of the stock is currently owned by institutional investors and hedge funds.
About Las Vegas Sands
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
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