Macquarie Forecasts Strong Price Appreciation for Las Vegas Sands (NYSE:LVS) Stock

Las Vegas Sands (NYSE:LVS) had its target price boosted by analysts at Macquarie from $62.00 to $64.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the casino operator’s stock. Macquarie’s price target indicates a potential upside of 11.20% from the stock’s current price.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group dropped their target price on shares of Las Vegas Sands from $59.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Stifel Nicolaus boosted their target price on shares of Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday. Argus boosted their target price on shares of Las Vegas Sands from $60.00 to $65.00 in a report on Tuesday, September 23rd. Barclays boosted their price target on shares of Las Vegas Sands from $59.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday. Finally, UBS Group boosted their price target on shares of Las Vegas Sands from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.73.

Las Vegas Sands Stock Up 1.2%

LVS stock opened at $57.55 on Thursday. Las Vegas Sands has a 52 week low of $30.18 and a 52 week high of $58.29. The company has a market capitalization of $39.51 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01. The firm’s 50-day moving average is $53.36 and its two-hundred day moving average is $46.73. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 66.94%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the firm earned $0.44 EPS. Las Vegas Sands’s revenue was up 24.2% on a year-over-year basis. On average, analysts forecast that Las Vegas Sands will post 2.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LVS. Nuveen LLC purchased a new position in Las Vegas Sands during the first quarter valued at approximately $183,836,000. Norges Bank bought a new stake in Las Vegas Sands in the second quarter worth approximately $134,179,000. ARGA Investment Management LP grew its position in Las Vegas Sands by 36.8% in the second quarter. ARGA Investment Management LP now owns 10,040,975 shares of the casino operator’s stock worth $436,883,000 after acquiring an additional 2,698,398 shares in the last quarter. Vanguard Group Inc. grew its position in Las Vegas Sands by 5.8% in the first quarter. Vanguard Group Inc. now owns 41,249,208 shares of the casino operator’s stock worth $1,593,457,000 after acquiring an additional 2,267,307 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Las Vegas Sands by 4,226.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,012,800 shares of the casino operator’s stock worth $44,067,000 after acquiring an additional 989,392 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

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.