Las Vegas Sands (NYSE:LVS) PT Raised to $71.00 at JPMorgan Chase & Co.

Las Vegas Sands (NYSE:LVS) had its price target raised by stock analysts at JPMorgan Chase & Co. from $62.00 to $71.00 in a research report issued on Thursday, April 18th, The Fly reports. The brokerage currently has a “neutral” rating on the casino operator’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 8.45% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group boosted their price objective on shares of Las Vegas Sands from $57.00 to $69.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Bank of America restated a “neutral” rating and issued a $70.00 price objective (up previously from $64.00) on shares of Las Vegas Sands in a research report on Wednesday, April 17th. Deutsche Bank boosted their price objective on shares of Las Vegas Sands to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 24th. Zacks Investment Research cut shares of Las Vegas Sands from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Finally, Morgan Stanley boosted their price objective on shares of Las Vegas Sands from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Las Vegas Sands currently has an average rating of “Hold” and an average target price of $68.75.

Las Vegas Sands stock traded up $0.59 during mid-day trading on Thursday, hitting $65.47. The company’s stock had a trading volume of 2,672,423 shares, compared to its average volume of 3,626,924. The company has a quick ratio of 1.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $50.14 billion, a PE ratio of 19.72 and a beta of 1.43. Las Vegas Sands has a 12 month low of $47.39 and a 12 month high of $81.45.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.06. Las Vegas Sands had a net margin of 11.15% and a return on equity of 34.52%. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities analysts expect that Las Vegas Sands will post 3.35 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in LVS. Dimensional Fund Advisors LP grew its holdings in Las Vegas Sands by 4.5% in the third quarter. Dimensional Fund Advisors LP now owns 942,643 shares of the casino operator’s stock worth $55,929,000 after purchasing an additional 40,612 shares during the period. Tower Research Capital LLC TRC grew its holdings in Las Vegas Sands by 195.1% in the third quarter. Tower Research Capital LLC TRC now owns 2,066 shares of the casino operator’s stock worth $122,000 after purchasing an additional 1,366 shares during the period. Vident Investment Advisory LLC lifted its stake in shares of Las Vegas Sands by 19.6% in the third quarter. Vident Investment Advisory LLC now owns 8,143 shares of the casino operator’s stock worth $483,000 after buying an additional 1,333 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Las Vegas Sands by 103.2% in the third quarter. Point72 Asset Management L.P. now owns 37,100 shares of the casino operator’s stock worth $2,201,000 after buying an additional 1,187,100 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Las Vegas Sands by 72.3% in the third quarter. Brown Brothers Harriman & Co. now owns 3,000 shares of the casino operator’s stock worth $178,000 after buying an additional 1,259 shares in the last quarter. Institutional investors own 36.81% of the company’s stock.

About Las Vegas Sands

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 Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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