Las Vegas Sands (NYSE:LVS) PT Raised to $62.00 at Bank of America

Las Vegas Sands (NYSE:LVS – Get Rating) had its price objective raised by Bank of America from $55.00 to $62.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm presently has a “neutral” rating on the casino operator’s stock. Bank of America‘s price objective suggests a potential upside of 5.23% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Barclays raised their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday. Citigroup raised their target price on shares of Las Vegas Sands from $73.50 to $76.00 and gave the company a “buy” rating in a report on Thursday. CICC Research initiated coverage on shares of Las Vegas Sands in a report on Thursday, November 24th. They set an “outperform” rating for the company. Morgan Stanley raised their target price on shares of Las Vegas Sands from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, January 18th. Finally, Credit Suisse Group raised their target price on shares of Las Vegas Sands from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.08.

Las Vegas Sands Stock Up 0.9 %

Shares of NYSE LVS opened at $58.92 on Thursday. The company has a quick ratio of 1.82, a current ratio of 1.83 and a debt-to-equity ratio of 3.64. Las Vegas Sands has a 52 week low of $28.88 and a 52 week high of $59.96. The firm has a 50-day moving average price of $49.08 and a 200 day moving average price of $41.85. The stock has a market capitalization of $45.02 billion, a price-to-earnings ratio of 24.58 and a beta of 1.13.

Institutional Inflows and Outflows

Las Vegas Sands ( NYSE:LVS Get Rating ) last announced its quarterly earnings data on Wednesday, January 25th. The casino operator reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Las Vegas Sands had a net margin of 44.57% and a negative return on equity of 21.73%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business earned ($0.22) EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities research analysts anticipate that Las Vegas Sands will post 1.04 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Las Vegas Sands by 27.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,146 shares of the casino operator’s stock worth $1,315,000 after purchasing an additional 8,429 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Las Vegas Sands by 1.6% in the 2nd quarter. Asset Management One Co. Ltd. now owns 149,960 shares of the casino operator’s stock worth $5,037,000 after buying an additional 2,290 shares during the period. Truist Financial Corp raised its position in shares of Las Vegas Sands by 13.9% in the 2nd quarter. Truist Financial Corp now owns 27,107 shares of the casino operator’s stock worth $911,000 after buying an additional 3,302 shares during the period. Mirador Capital Partners LP raised its position in shares of Las Vegas Sands by 12.7% in the 2nd quarter. Mirador Capital Partners LP now owns 98,474 shares of the casino operator’s stock worth $3,308,000 after buying an additional 11,120 shares during the period. Finally, Kentucky Retirement Systems raised its position in shares of Las Vegas Sands by 16.5% in the 2nd quarter. Kentucky Retirement Systems now owns 25,520 shares of the casino operator’s stock worth $857,000 after buying an additional 3,606 shares during the period. Hedge funds and other institutional investors own 39.75% of the company’s stock.

Las Vegas Sands Company Profile

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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.

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