Las Vegas Sands (NYSE:LVS) Given New $55.00 Price Target at JPMorgan Chase & Co.

Las Vegas Sands (NYSE:LVS) had its price target lowered by stock analysts at JPMorgan Chase & Co. from $59.00 to $55.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the casino operator’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 20.99% from the stock’s previous close.

Other analysts have also issued reports about the stock. Mizuho initiated coverage on shares of Las Vegas Sands in a research report on Tuesday, March 26th. They set a “buy” rating and a $70.00 target price on the stock. StockNews.com upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Barclays lifted their target price on shares of Las Vegas Sands from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley lifted their target price on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.47.

Las Vegas Sands Stock Performance

NYSE LVS opened at $45.46 on Thursday. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.31 and a quick ratio of 1.30. The firm has a market capitalization of $34.15 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 0.75 and a beta of 1.16. The company’s fifty day moving average is $52.06 and its two-hundred day moving average is $49.59. Las Vegas Sands has a 52-week low of $43.77 and a 52-week high of $65.58.

Las Vegas Sands (NYSE:LVS) last posted 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 for 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%. The business’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. Equities research analysts forecast that Las Vegas Sands will post 2.67 EPS for the current year.

Insider Activity at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 100,000 shares of Las Vegas Sands stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the transaction, the chief executive officer now directly owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Las Vegas Sands

A number of institutional investors have recently modified their holdings of LVS. Raymond James Financial Services Advisors Inc. raised its stake in shares of Las Vegas Sands by 13.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 46,767 shares of the casino operator’s stock worth $1,818,000 after acquiring an additional 5,716 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Las Vegas Sands by 17.1% in the first quarter. American Century Companies Inc. now owns 13,612 shares of the casino operator’s stock worth $529,000 after acquiring an additional 1,985 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Las Vegas Sands by 6.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 33,282 shares of the casino operator’s stock worth $1,294,000 after acquiring an additional 2,145 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in shares of Las Vegas Sands by 26.7% in the first quarter. Cetera Advisor Networks LLC now owns 13,502 shares of the casino operator’s stock worth $525,000 after acquiring an additional 2,848 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Las Vegas Sands by 47.6% in the first quarter. PNC Financial Services Group Inc. now owns 27,000 shares of the casino operator’s stock worth $1,050,000 after acquiring an additional 8,711 shares during the last quarter. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Company Profile

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.