Las Vegas Sands (LVS) Given New $69.00 Price Target at Deutsche Bank

Las Vegas Sands (NYSE:LVS) had its price target lifted by analysts at Deutsche Bank from $60.00 to $69.00 in a research note issued on Thursday, The Fly reports. The firm presently has a “hold” rating on the casino operator’s stock. Deutsche Bank’s price target indicates a potential upside of 1.61% from the stock’s current price. The analysts noted that the move was a valuation call.

Several other equities research analysts have also commented on the company. Morgan Stanley upped their price objective on Las Vegas Sands from $64.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Credit Suisse Group restated a “neutral” rating and issued a $58.00 price objective on shares of Las Vegas Sands in a research report on Wednesday, March 20th. HSBC lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Wednesday. They noted that the move was a valuation call. Bank of America restated a “neutral” rating and issued a $70.00 price objective (up previously from $64.00) on shares of Las Vegas Sands in a research report on Wednesday. Finally, Jefferies Financial Group upped their price objective on Las Vegas Sands from $57.00 to $69.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Las Vegas Sands currently has a consensus rating of “Hold” and an average price target of $69.89.

Las Vegas Sands stock opened at $67.91 on Thursday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.75 and a current ratio of 1.76. Las Vegas Sands has a 12 month low of $47.39 and a 12 month high of $81.45. The company has a market capitalization of $52.67 billion, a price-to-earnings ratio of 20.45 and a beta of 1.40.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.04. Las Vegas Sands had a return on equity of 33.84% and a net margin of 17.58%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts expect that Las Vegas Sands will post 3.23 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. BOKF NA lifted its position in shares of Las Vegas Sands by 2.7% during the 4th quarter. BOKF NA now owns 6,912 shares of the casino operator’s stock valued at $359,000 after buying an additional 181 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Las Vegas Sands by 24.8% during the 4th quarter. Bessemer Group Inc. now owns 972 shares of the casino operator’s stock valued at $50,000 after buying an additional 193 shares in the last quarter. Cumberland Advisors Inc. lifted its position in shares of Las Vegas Sands by 1.1% during the 1st quarter. Cumberland Advisors Inc. now owns 19,150 shares of the casino operator’s stock valued at $1,167,000 after buying an additional 200 shares in the last quarter. Cornerstone Advisors Inc. lifted its position in shares of Las Vegas Sands by 99.6% during the 4th quarter. Cornerstone Advisors Inc. now owns 487 shares of the casino operator’s stock valued at $25,000 after buying an additional 243 shares in the last quarter. Finally, Eaton Vance Management raised its stake in Las Vegas Sands by 5.1% in the 4th quarter. Eaton Vance Management now owns 5,122 shares of the casino operator’s stock valued at $267,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 36.81% 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 Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

See Also: FAANG Stocks

The Fly

Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.