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

Las Vegas Sands (NYSE:LVS – Get Rating) had its target price boosted by Barclays from $57.00 to $58.00 in a report issued on Tuesday morning, The Fly reports. They currently have an overweight rating on the casino operator’s stock.

Several other analysts have also commented on the stock. CICC Research initiated coverage on shares of Las Vegas Sands in a research report on Thursday, November 24th. They set an outperform rating on the stock. Citigroup lifted their price target on shares of Las Vegas Sands from $60.00 to $62.00 and gave the company a buy rating in a research report on Thursday, October 20th. Bank of America lifted their price target on shares of Las Vegas Sands from $46.00 to $52.00 in a research report on Wednesday, January 4th. Wells Fargo & Company lifted their target price on shares of Las Vegas Sands from $45.00 to $53.00 and gave the company an overweight rating in a report on Tuesday, January 3rd. Finally, StockNews.com started coverage on shares of Las Vegas Sands in a report on Wednesday, October 12th. They issued a sell rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $52.30.

Las Vegas Sands Stock Up 0.1 %

LVS stock opened at $55.47 on Tuesday. The firm has a market cap of $42.39 billion, a PE ratio of 22.64 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.82 and a current ratio of 1.83. The firm’s 50 day moving average price is $48.57 and its 200-day moving average price is $41.64. Las Vegas Sands has a one year low of $28.88 and a one year high of $55.90.

Hedge Funds Weigh In On Las Vegas Sands

A number of institutional investors and hedge funds have recently modified their holdings of the company. Empirical Finance LLC grew its stake in shares of Las Vegas Sands by 19.5% during the fourth quarter. Empirical Finance LLC now owns 8,208 shares of the casino operator’s stock worth $395,000 after purchasing an additional 1,340 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Las Vegas Sands by 1.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the casino operator’s stock worth $1,019,000 after purchasing an additional 200 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Las Vegas Sands by 9.0% during the fourth quarter. Park Avenue Securities LLC now owns 8,450 shares of the casino operator’s stock worth $406,000 after purchasing an additional 699 shares in the last quarter. Xponance Inc. grew its stake in shares of Las Vegas Sands by 11.9% during the fourth quarter. Xponance Inc. now owns 56,480 shares of the casino operator’s stock worth $2,715,000 after purchasing an additional 6,019 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of Las Vegas Sands during the fourth quarter worth $201,000. Institutional investors and hedge funds 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.