Las Vegas Sands (NYSE:LVS) PT Raised to $60.00 at Wells Fargo & Company

Las Vegas Sands (NYSE:LVS) had its price target lifted by research analysts at Wells Fargo & Company from $53.00 to $60.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the casino operator’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 15.83% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Stifel Nicolaus decreased their price objective on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Macquarie lowered their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Barclays reduced their price target on shares of Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.83.

Las Vegas Sands Trading Down 0.1 %

Shares of Las Vegas Sands stock opened at $51.80 on Tuesday. The stock has a market capitalization of $38.59 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.20 and a beta of 1.12. The company has a 50-day simple moving average of $41.07 and a 200 day simple moving average of $44.37. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. Las Vegas Sands has a 12-month low of $36.62 and a 12-month high of $55.65.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the firm posted $0.46 EPS. Las Vegas Sands’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts expect that Las Vegas Sands will post 2.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Las Vegas Sands

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Las Vegas Sands by 0.6% during the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after buying an additional 209,589 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Las Vegas Sands by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock worth $1,663,219,000 after buying an additional 531,799 shares during the period. Bank of New York Mellon Corp grew its position in shares of Las Vegas Sands by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock valued at $502,307,000 after purchasing an additional 1,536,754 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Las Vegas Sands by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 11,263,604 shares of the casino operator’s stock worth $554,282,000 after purchasing an additional 669,052 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Las Vegas Sands by 0.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator’s stock valued at $376,136,000 after buying an additional 68,568 shares in the last quarter. 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.