Las Vegas Sands Corp. (LVS) Price Target Raised to $57.00

Las Vegas Sands Corp. (NYSE:LVS) had its target price upped by equities researchers at Nomura from $54.00 to $57.00 in a research report issued on Thursday, October 26th. The firm presently has a “neutral” rating on the casino operator’s stock. Nomura’s price target indicates a potential downside of 15.43% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Gabelli increased their price target on Las Vegas Sands Corp. from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Deutsche Bank AG increased their price target on Las Vegas Sands Corp. from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Morgan Stanley increased their price objective on Las Vegas Sands Corp. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Thursday, October 26th. Finally, Roth Capital initiated coverage on Las Vegas Sands Corp. in a report on Wednesday, October 25th. They set a “buy” rating and a $69.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $65.31.

Las Vegas Sands Corp. (LVS) opened at $67.40 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $68.41. The stock has a market capitalization of $53,280.00, a price-to-earnings ratio of 24.25 and a beta of 1.78.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.10. Las Vegas Sands Corp. had a return on equity of 31.11% and a net margin of 16.80%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. analysts forecast that Las Vegas Sands Corp. will post 2.87 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Global X Management Co. LLC raised its stake in Las Vegas Sands Corp. by 8.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after buying an additional 126 shares during the period. Ffcm LLC raised its stake in Las Vegas Sands Corp. by 90.9% during the 2nd quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock worth $153,000 after buying an additional 1,160 shares during the period. State of Alaska Department of Revenue raised its stake in Las Vegas Sands Corp. by 24.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock worth $166,000 after buying an additional 510 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Las Vegas Sands Corp. by 143.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock worth $174,000 after buying an additional 1,610 shares during the period. Finally, Lee Financial Co increased its holdings in Las Vegas Sands Corp. by 1.4% during the 2nd quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock worth $197,000 after purchasing an additional 43 shares in the last quarter. 38.24% of the stock is currently owned by institutional investors.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

Analyst Recommendations for Las Vegas Sands Corp. (NYSE:LVS)

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