Citigroup Increases Las Vegas Sands (NYSE:LVS) Price Target to $75.00

Las Vegas Sands (NYSE:LVS) had its price target raised by Citigroup from $74.00 to $75.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the casino operator’s stock. Citigroup’s target price indicates a potential upside of 64.98% from the company’s previous close.

Other research analysts have also issued reports about the stock. StockNews.com upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Wells Fargo & Company decreased their price target on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday. Jefferies Financial Group decreased their price target on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Barclays increased their price target on shares of Las Vegas Sands from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.47.

Las Vegas Sands Trading Down 0.9 %

NYSE:LVS opened at $45.46 on Thursday. The company has a 50-day moving average price of $52.06 and a 200-day moving average price of $49.59. Las Vegas Sands has a 12 month low of $43.77 and a 12 month high of $65.58. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 2.96. The stock has a market cap of $34.15 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 0.82 and a beta of 1.16.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.13. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 41.81%. Las Vegas Sands’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. Equities analysts predict that Las Vegas Sands will post 2.67 EPS for the current year.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of Las Vegas Sands stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Las Vegas Sands

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Las Vegas Sands by 13.1% in the fourth quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock worth $1,815,760,000 after buying an additional 4,264,043 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Las Vegas Sands by 20.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,638,753 shares of the casino operator’s stock worth $1,556,945,000 after buying an additional 5,439,735 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Las Vegas Sands by 1.4% in the first quarter. BlackRock Inc. now owns 23,298,767 shares of the casino operator’s stock worth $1,338,514,000 after buying an additional 330,221 shares during the last quarter. State Street Corp boosted its holdings in shares of Las Vegas Sands by 2.9% in the first quarter. State Street Corp now owns 13,898,679 shares of the casino operator’s stock worth $540,242,000 after buying an additional 394,616 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Las Vegas Sands by 6.4% in the fourth quarter. Fisher Asset Management LLC now owns 11,275,127 shares of the casino operator’s stock worth $554,849,000 after buying an additional 680,575 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

About Las Vegas Sands

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.