Las Vegas Sands (NYSE:LVS) Price Target Raised to $62.00 at JPMorgan Chase & Co.

Las Vegas Sands (NYSE:LVS) had its target price upped by research analysts at JPMorgan Chase & Co. from $60.00 to $62.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the casino operator’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 15.09% from the company’s previous close.

LVS has been the subject of several other reports. UBS Group boosted their price target on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Wells Fargo & Company upped their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Susquehanna raised their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. Barclays upped their price objective on shares of Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.42.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $53.87 on Friday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a market capitalization of $39.06 billion, a PE ratio of 26.67, a P/E/G ratio of 1.44 and a beta of 1.10. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The company has a fifty day moving average of $51.85 and a two-hundred day moving average of $45.62.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, research analysts forecast that Las Vegas Sands will post 2.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the completion of the sale, the chief executive officer now directly owns 84,511 shares in the company, valued at $4,540,776.03. This trade represents a 58.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. Insiders have sold 203,732 shares of company stock worth $10,861,707 over the last quarter. 0.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Las Vegas Sands

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in Las Vegas Sands by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after purchasing an additional 1,536,754 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Las Vegas Sands by 159.6% during the third quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock worth $459,630,000 after purchasing an additional 5,612,975 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Las Vegas Sands by 0.8% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator’s stock valued at $376,136,000 after purchasing an additional 68,568 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Las Vegas Sands by 1.4% in the third quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator’s stock valued at $283,284,000 after purchasing an additional 77,807 shares in the last quarter. Finally, ARGA Investment Management LP increased its stake in Las Vegas Sands by 24.8% during the 3rd quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator’s stock worth $247,891,000 after buying an additional 977,636 shares during the period. Hedge funds and other institutional investors own 39.16% 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 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.