HSBC Raises Las Vegas Sands (NYSE:LVS) Price Target to $73.00

Las Vegas Sands (NYSE:LVSGet Free Report) had its target price upped by research analysts at HSBC from $67.50 to $73.00 in a research report issued on Thursday,MarketScreener reports. The firm presently has a “buy” rating on the casino operator’s stock. HSBC’s target price points to a potential upside of 35.84% from the stock’s current price.

LVS has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Las Vegas Sands from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus cut their target price on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley upped their target price on shares of Las Vegas Sands from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, January 16th. Zacks Research lowered Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Barclays set a $64.00 price target on Las Vegas Sands in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and a consensus target price of $70.23.

Check Out Our Latest Research Report on Las Vegas Sands

Las Vegas Sands Price Performance

LVS traded up $1.03 on Thursday, hitting $53.74. 552,833 shares of the company’s stock traded hands, compared to its average volume of 6,878,087. Las Vegas Sands has a one year low of $30.18 and a one year high of $70.45. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 7.42. The firm has a market cap of $36.34 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 1.46 and a beta of 0.97. The company’s 50 day simple moving average is $64.09 and its 200-day simple moving average is $58.04.

Las Vegas Sands (NYSE:LVSGet Free Report) last posted its earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.08. Las Vegas Sands had a net margin of 12.50% and a return on equity of 87.01%. The company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the company posted $0.54 earnings per share. Las Vegas Sands’s quarterly revenue was up 26.0% on a year-over-year basis. As a group, research analysts anticipate that Las Vegas Sands will post 2.6 EPS for the current year.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 1,198,650 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $66.68, for a total value of $79,925,982.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Miriam Adelson sold 77,991 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $67.56, for a total transaction of $5,269,071.96. Following the completion of the transaction, the insider owned 23,333,441 shares of the company’s stock, valued at approximately $1,576,407,273.96. The trade was a 0.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,582,053 shares of company stock valued at $238,846,399. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Grove Bank & Trust purchased a new stake in Las Vegas Sands in the 4th quarter valued at approximately $26,000. Westside Investment Management Inc. lifted its stake in shares of Las Vegas Sands by 48.0% during the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Total Investment Management Inc. acquired a new position in shares of Las Vegas Sands during the second quarter worth $25,000. Root Financial Partners LLC purchased a new stake in shares of Las Vegas Sands during the third quarter worth about $33,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Las Vegas Sands by 549.5% during the third quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock worth $35,000 after buying an additional 533 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands News Roundup

Here are the key news stories impacting Las Vegas Sands this week:

Las Vegas Sands Company Profile

(Get Free Report)

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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