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

Las Vegas Sands (NYSE:LVS – Get Rating) had its price target increased by Barclays from $57.00 to $58.00 in a research note published on Tuesday, The Fly reports. The brokerage currently has an overweight rating on the casino operator’s stock.

Several other research analysts have also recently issued reports on LVS. Morgan Stanley increased their price objective on Las Vegas Sands from $49.00 to $53.00 and gave the stock an overweight rating in a research note on Wednesday, January 18th. Wells Fargo & Company upped their target price on Las Vegas Sands from $45.00 to $53.00 and gave the stock an overweight rating in a report on Tuesday, January 3rd. Jefferies Financial Group upgraded Las Vegas Sands from a hold rating to a buy rating in a report on Monday, September 26th. StockNews.com initiated coverage on Las Vegas Sands in a report on Wednesday, October 12th. They set a sell rating for the company. Finally, Bank of America upped their target price on Las Vegas Sands from $46.00 to $52.00 in a report on Wednesday, January 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $52.30.

Las Vegas Sands Stock Up 0.1 %

Shares of NYSE:LVS opened at $55.47 on Tuesday. Las Vegas Sands has a 52-week low of $28.88 and a 52-week high of $55.90. The stock has a market cap of $42.39 billion, a P/E ratio of 22.64 and a beta of 1.12. The business’s 50 day moving average is $48.57 and its 200 day moving average is $41.64. The company has a quick ratio of 1.82, a current ratio of 1.83 and a debt-to-equity ratio of 3.64.

Institutional Trading of Las Vegas Sands

Hedge funds and other institutional investors have recently made changes to their positions in the business. Trustcore Financial Services LLC lifted its holdings in shares of Las Vegas Sands by 242.7% during the 3rd quarter. Trustcore Financial Services LLC now owns 706 shares of the casino operator’s stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new position in Las Vegas Sands in the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC raised its stake in Las Vegas Sands by 42.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,076 shares of the casino operator’s stock worth $40,000 after acquiring an additional 319 shares during the last quarter. Cowa LLC purchased a new position in Las Vegas Sands in the 3rd quarter worth $49,000. Finally, Retirement Group LLC raised its stake in Las Vegas Sands by 100.0% in the 2nd quarter. Retirement Group LLC now owns 1,310 shares of the casino operator’s stock worth $44,000 after acquiring an additional 655 shares during the last quarter. Hedge funds and other institutional investors own 39.75% of the company’s stock.

About Las Vegas Sands

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Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. 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.