Las Vegas Sands (NYSE:LVS) had its price target raised by Bank of America from $80.00 to $85.00 in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the casino operator’s stock. Bank of America’s price objective would suggest a potential upside of 12.79% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Wednesday, November 8th. Gabelli increased their target price on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Roth Capital initiated coverage on Las Vegas Sands in a report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and issued a $76.00 target price on shares of Las Vegas Sands in a report on Tuesday, January 9th. Finally, Morgan Stanley increased their target price on Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $69.54.
Shares of Las Vegas Sands (NYSE LVS) traded down $2.08 during mid-day trading on Thursday, hitting $75.36. The company’s stock had a trading volume of 6,970,000 shares, compared to its average volume of 3,290,000. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.07 and a quick ratio of 1.05. Las Vegas Sands has a 52 week low of $51.35 and a 52 week high of $78.57. The company has a market cap of $59,570.00, a P/E ratio of 28.44 and a beta of 1.80.
In other Las Vegas Sands news, Director George Jamieson purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of $66.96 per share, with a total value of $66,960.00. Following the acquisition, the director now directly owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 10.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its stake in shares of Las Vegas Sands by 0.4% in the 2nd quarter. Toronto Dominion Bank now owns 24,878 shares of the casino operator’s stock valued at $1,592,000 after buying an additional 94 shares during the period. Nordea Investment Management AB increased its stake in shares of Las Vegas Sands by 2.1% in the 2nd 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. Advisory Services Network LLC increased its stake in shares of Las Vegas Sands by 6.7% in the 2nd quarter. Advisory Services Network LLC now owns 5,245 shares of the casino operator’s stock valued at $335,000 after buying an additional 329 shares during the period. Stonebridge Capital Advisors LLC increased its stake in shares of Las Vegas Sands by 4.4% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 12,973 shares of the casino operator’s stock valued at $829,000 after buying an additional 550 shares during the period. Finally, D.A. Davidson & CO. increased its stake in shares of Las Vegas Sands by 14.1% in the 2nd 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. 37.20% of the stock is owned by hedge funds and other institutional investors.
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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.
