Las Vegas Sands (NYSE:LVS – Get Free Report) had its price objective cut by research analysts at Argus from $72.00 to $68.00 in a research note issued on Friday, FlyOnTheWall reports. Argus’ price target indicates a potential upside of 21.49% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Credit Suisse Group upped their price target on Las Vegas Sands from $62.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, April 20th. Deutsche Bank Aktiengesellschaft increased their target price on Las Vegas Sands from $69.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, April 20th. JPMorgan Chase & Co. increased their target price on Las Vegas Sands from $71.00 to $72.00 in a research note on Monday, June 26th. Wells Fargo & Company lowered their target price on Las Vegas Sands from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Citigroup increased their target price on Las Vegas Sands from $76.00 to $80.50 and gave the company a “buy” rating in a research note on Thursday, April 20th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.81.
Las Vegas Sands Stock Performance
Shares of NYSE:LVS opened at $55.97 on Friday. The firm has a market capitalization of $42.78 billion, a PE ratio of 799.57, a P/E/G ratio of 5.46 and a beta of 1.15. The company has a debt-to-equity ratio of 3.65, a current ratio of 1.79 and a quick ratio of 1.78. The business has a 50-day moving average of $58.03 and a two-hundred day moving average of $57.65. Las Vegas Sands has a 12 month low of $33.38 and a 12 month high of $65.58.
Insider Buying and Selling at Las Vegas Sands
In other Las Vegas Sands news, Director Charles D. Forman sold 15,000 shares of the stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $63.17, for a total transaction of $947,550.00. Following the transaction, the director now owns 205,984 shares of the company’s stock, valued at approximately $13,012,009.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.91% of the stock is owned by insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Las Vegas Sands by 0.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,712 shares of the casino operator’s stock worth $3,201,000 after purchasing an additional 169 shares during the last quarter. Westshore Wealth LLC lifted its holdings in shares of Las Vegas Sands by 3.6% in the 1st quarter. Westshore Wealth LLC now owns 4,904 shares of the casino operator’s stock worth $282,000 after purchasing an additional 172 shares during the last quarter. Securian Asset Management Inc. lifted its holdings in shares of Las Vegas Sands by 0.7% in the 1st quarter. Securian Asset Management Inc. now owns 27,087 shares of the casino operator’s stock worth $1,556,000 after purchasing an additional 176 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Las Vegas Sands by 1.9% in the 1st quarter. MML Investors Services LLC now owns 9,767 shares of the casino operator’s stock worth $561,000 after purchasing an additional 185 shares during the last quarter. Finally, Czech National Bank lifted its holdings in shares of Las Vegas Sands by 0.5% in the 2nd quarter. Czech National Bank now owns 38,897 shares of the casino operator’s stock worth $2,256,000 after purchasing an additional 196 shares during the last quarter. Institutional investors own 39.66% of the company’s stock.
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.
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