Las Vegas Sands (NYSE:LVS) had its target price boosted by analysts at JPMorgan Chase & Co. from $63.00 to $72.00 in a research report issued on Thursday. The brokerage currently has a “neutral” rating on the casino operator’s stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 5.20% from the company’s previous close.
LVS has been the subject of a number of other research reports. Zacks Investment Research raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, November 8th. Gabelli lifted their target price on Las Vegas Sands from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Roth Capital initiated coverage on Las Vegas Sands in a research note on Wednesday, October 25th. They set a “buy” rating and a $69.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $76.00 price target on shares of Las Vegas Sands in a research note on Tuesday, January 9th. Finally, Morgan Stanley boosted their price target on Las Vegas Sands from $63.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $67.79.
Las Vegas Sands (LVS) traded down $1.49 on Thursday, hitting $75.95. 3,569,319 shares of the stock were exchanged, compared to its average volume of 3,980,694. The stock has a market capitalization of $60,050.00, a price-to-earnings ratio of 28.66 and a beta of 1.80. Las Vegas Sands has a 12 month low of $51.35 and a 12 month high of $78.57. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.07 and a quick ratio of 1.05.
In related news, Director George Jamieson bought 1,000 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of $66.96 per share, for a total transaction of $66,960.00. Following the acquisition, the director now owns 6,488 shares in the company, valued at $434,436.48. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.10% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Profund Advisors LLC raised its position in shares of Las Vegas Sands by 40.6% during the 2nd quarter. Profund Advisors LLC now owns 7,995 shares of the casino operator’s stock valued at $511,000 after buying an additional 2,307 shares in the last quarter. Lazard Asset Management LLC grew its position in Las Vegas Sands by 32,715.8% during the second quarter. Lazard Asset Management LLC now owns 6,235 shares of the casino operator’s stock valued at $397,000 after buying an additional 6,216 shares during the period. D.A. Davidson & CO. grew its position in Las Vegas Sands by 14.1% during the second quarter. D.A. Davidson & CO. now owns 4,446 shares of the casino operator’s stock valued at $284,000 after buying an additional 551 shares during the period. Nordea Investment Management AB grew its position in Las Vegas Sands by 2.1% during the second quarter. Nordea Investment Management AB now owns 14,515 shares of the casino operator’s stock valued at $927,000 after buying an additional 299 shares during the period. Finally, Advisor Group Inc. grew its position in Las Vegas Sands by 52.5% during the second quarter. Advisor Group Inc. now owns 24,090 shares of the casino operator’s stock valued at $1,507,000 after buying an additional 8,293 shares during the period. Hedge funds and other institutional investors own 37.20% of the company’s stock.
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.
