Las Vegas Sands (NYSE:LVS) Price Target Lowered to $73.00 at The Goldman Sachs Group

Las Vegas Sands (NYSE:LVSGet Free Report) had its price target dropped by equities researchers at The Goldman Sachs Group from $80.00 to $73.00 in a note issued to investors on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the casino operator’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 35.84% from the stock’s current price.

Several other brokerages have also recently commented on LVS. Stifel Nicolaus reduced their target price on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday. Argus lifted their price objective on shares of Las Vegas Sands from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Morgan Stanley increased their target price on shares of Las Vegas Sands from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, January 16th. Seaport Research Partners dropped their target price on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, January 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $78.00 price target on shares of Las Vegas Sands in a research report on Wednesday, December 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.23.

View Our Latest Stock Analysis on Las Vegas Sands

Las Vegas Sands Stock Up 2.0%

NYSE LVS traded up $1.03 during trading hours on Thursday, reaching $53.74. 552,833 shares of the company’s stock were exchanged, compared to its average volume of 6,878,087. The company’s 50-day moving average is $64.09 and its two-hundred day moving average is $58.04. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.88 and a current ratio of 0.89. The company has a market capitalization of $36.34 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97. Las Vegas Sands has a one year low of $30.18 and a one year high of $70.45.

Las Vegas Sands (NYSE:LVSGet Free Report) last issued its earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.33 billion. Las Vegas Sands had a net margin of 12.50% and a return on equity of 87.01%. Las Vegas Sands’s revenue was up 26.0% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. On average, analysts forecast that Las Vegas Sands will post 2.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Patrick Dumont sold 210,305 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $69.96, for a total transaction of $14,712,937.80. Following the completion of the sale, the chief operating officer owned 446,608 shares of the company’s stock, valued at approximately $31,244,695.68. This represents a 32.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Randy Hyzak sold 57,545 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $66.45, for a total value of $3,823,865.25. Following the sale, the chief financial officer owned 53,499 shares in the company, valued at $3,555,008.55. This represents a 51.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,582,053 shares of company stock valued at $238,846,399 over the last ninety days. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Las Vegas Sands

A number of institutional investors have recently bought and sold shares of LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Las Vegas Sands by 8.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after acquiring an additional 2,418 shares during the period. Woodline Partners LP lifted its stake in shares of Las Vegas Sands by 38.9% in the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock valued at $1,122,000 after purchasing an additional 8,132 shares during the period. Janney Montgomery Scott LLC boosted its stake in Las Vegas Sands by 110.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 25,576 shares of the casino operator’s stock worth $1,113,000 after acquiring an additional 13,395 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Las Vegas Sands by 7.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,904 shares of the casino operator’s stock worth $1,823,000 after buying an additional 2,899 shares during the period. Finally, Hilltop National Bank acquired a new position in Las Vegas Sands during the second quarter worth $44,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands News Roundup

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Las Vegas Sands Company Profile

(Get Free Report)

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.

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