Las Vegas Sands (NYSE:LVS) Price Target Raised to $58.00 at Macquarie

Las Vegas Sands (NYSE:LVS) had its price target lifted by equities researchers at Macquarie from $57.00 to $58.00 in a note issued to investors on Wednesday. Macquarie’s target price points to a potential upside of 32.21% from the stock’s previous close.

A number of other equities analysts also recently weighed in on LVS. Stifel Nicolaus boosted their price target on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group raised their price target on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Barclays decreased their price objective on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and set a $51.00 target price (down previously from $54.00) on shares of Las Vegas Sands in a report on Tuesday, January 14th. Finally, Wells Fargo & Company increased their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average price target of $60.33.

Las Vegas Sands Stock Up 1.5 %

LVS traded up $0.64 during trading on Wednesday, reaching $43.87. 2,535,719 shares of the stock were exchanged, compared to its average volume of 4,519,878. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The stock’s 50 day moving average price is $50.06 and its two-hundred day moving average price is $46.72. Las Vegas Sands has a twelve month low of $36.62 and a twelve month high of $56.60. The stock has a market cap of $31.81 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09.

Insider Buying and Selling

In other news, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the sale, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This represents a 28.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Las Vegas Sands

A number of hedge funds have recently added to or reduced their stakes in LVS. Public Sector Pension Investment Board lifted its position in shares of Las Vegas Sands by 80.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 13,067 shares of the casino operator’s stock valued at $578,000 after acquiring an additional 5,818 shares during the period. Mackenzie Financial Corp grew its stake in shares of Las Vegas Sands by 7.1% in the 2nd quarter. Mackenzie Financial Corp now owns 74,587 shares of the casino operator’s stock valued at $3,300,000 after buying an additional 4,968 shares during the period. Creative Planning raised its stake in Las Vegas Sands by 2.7% during the 2nd quarter. Creative Planning now owns 83,838 shares of the casino operator’s stock worth $3,710,000 after buying an additional 2,242 shares during the period. Quarry LP boosted its holdings in Las Vegas Sands by 346.4% in the second quarter. Quarry LP now owns 2,692 shares of the casino operator’s stock worth $119,000 after acquiring an additional 2,089 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in Las Vegas Sands by 29.9% in the second quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator’s stock valued at $36,882,000 after acquiring an additional 191,805 shares during the period. 39.16% of the stock is currently owned by institutional investors.

About Las Vegas Sands

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.