Las Vegas Sands (NYSE:LVS) Price Target Lowered to $73.00 at The Goldman Sachs Group

Las Vegas Sands (NYSE:LVSGet Free Report) had its price objective decreased by stock analysts at The Goldman Sachs Group from $80.00 to $73.00 in a report issued on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the casino operator’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 35.84% from the company’s current price.

A number of other research analysts have also issued reports on LVS. UBS Group raised their price objective on shares of Las Vegas Sands from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, December 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $78.00 target price on shares of Las Vegas Sands in a report on Wednesday, December 24th. Argus increased their price target on shares of Las Vegas Sands from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Barclays set a $64.00 price objective on shares of Las Vegas Sands in a research note on Thursday. Finally, Mizuho boosted their price target on Las Vegas Sands from $63.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.23.

Read Our Latest Report on LVS

Las Vegas Sands Price Performance

NYSE:LVS traded up $1.03 on Thursday, reaching $53.74. The stock had a trading volume of 552,833 shares, compared to its average volume of 6,878,087. The stock has a fifty day moving average price of $64.09 and a 200-day moving average price of $58.04. The company has a market capitalization of $36.34 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97. Las Vegas Sands has a 1-year low of $30.18 and a 1-year high of $70.45. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 7.42.

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

Insider Activity at Las Vegas Sands

In other news, EVP D. Zachary Hudson sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $64.99, for a total value of $6,499,000.00. Following the completion of the sale, the executive vice president directly owned 13,735 shares in the company, valued at $892,637.65. This represents a 87.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Randy Hyzak sold 57,545 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $66.45, for a total value of $3,823,865.25. Following the completion of the sale, the chief financial officer directly owned 53,499 shares in the company, valued at approximately $3,555,008.55. The trade was a 51.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,582,053 shares of company stock valued at $238,846,399 in the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Las Vegas Sands

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Grove Bank & Trust acquired a new stake in shares of Las Vegas Sands in the 4th quarter valued at about $26,000. Westside Investment Management Inc. lifted its stake in Las Vegas Sands by 48.0% during the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock valued at $28,000 after buying an additional 166 shares in the last quarter. Total Investment Management Inc. acquired a new position in Las Vegas Sands in the 2nd quarter worth approximately $25,000. Root Financial Partners LLC purchased a new position in shares of Las Vegas Sands during the third quarter valued at $33,000. Finally, Smartleaf Asset Management LLC increased its stake in Las Vegas Sands by 549.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 630 shares of the casino operator’s stock valued at $35,000 after buying an additional 533 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Las Vegas Sands

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About Las Vegas Sands

(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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