Las Vegas Sands (NYSE:LVS) had its target price upped by stock analysts at Barclays to $85.00 in a note issued to investors on Thursday, The Fly reports. The brokerage presently has an “overweight” rating on the casino operator’s stock. Barclays’ target price suggests a potential upside of 12.79% from the stock’s current price.
A number of other research analysts have also recently commented on LVS. Zacks Investment Research raised Las Vegas Sands from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Friday, October 13th. Roth Capital started coverage on Las Vegas Sands in a report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price target on the stock. Morgan Stanley boosted their price target 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. Deutsche Bank boosted their price target on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, Gabelli lifted their price objective on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $69.54.
Las Vegas Sands (NYSE:LVS) traded down $2.08 during midday trading on Thursday, reaching $75.36. The company had a trading volume of 7,023,549 shares, compared to its average volume of 4,159,665. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38. Las Vegas Sands has a one year low of $51.35 and a one year high of $78.57. The stock has a market cap of $59,570.00, a PE ratio of 28.44 and a beta of 1.80.
In other news, Director George Jamieson acquired 1,000 shares of Las Vegas Sands stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of $66.96 per share, with a total value of $66,960.00. Following the purchase, the director now directly owns 6,488 shares in the company, valued at approximately $434,436.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 10.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in shares of Las Vegas Sands by 0.4% during the 2nd quarter. Toronto Dominion Bank now owns 24,878 shares of the casino operator’s stock valued at $1,592,000 after purchasing an additional 94 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Las Vegas Sands by 2.1% during the 2nd quarter. Nordea Investment Management AB now owns 14,515 shares of the casino operator’s stock valued at $927,000 after purchasing an additional 299 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Las Vegas Sands by 6.7% during the 2nd quarter. Advisory Services Network LLC now owns 5,245 shares of the casino operator’s stock valued at $335,000 after purchasing an additional 329 shares during the last quarter. Stonebridge Capital Advisors LLC increased its position in shares of Las Vegas Sands by 4.4% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 12,973 shares of the casino operator’s stock valued at $829,000 after purchasing an additional 550 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Las Vegas Sands by 14.1% during the 2nd quarter. D.A. Davidson & CO. now owns 4,446 shares of the casino operator’s stock valued at $284,000 after purchasing an additional 551 shares during the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.
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.
