JPMorgan Chase & Co. Lowers Las Vegas Sands (NYSE:LVS) Price Target to $61.00

Las Vegas Sands (NYSE:LVS) had its target price cut by equities researchers at JPMorgan Chase & Co. from $62.00 to $61.00 in a research note issued to investors on Wednesday. The firm presently has an “overweight” rating on the casino operator’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 26.41% from the company’s current price.

A number of other equities research analysts also recently issued reports on LVS. UBS Group upped their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $69.00 in a research report on Friday, January 3rd. Susquehanna increased their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Barclays reduced their target price on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Morgan Stanley reissued an “equal weight” rating and set a $51.00 target price (down from $54.00) on shares of Las Vegas Sands in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.58.

Las Vegas Sands Trading Up 11.1 %

LVS opened at $48.26 on Wednesday. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The firm has a market capitalization of $34.99 billion, a PE ratio of 23.89, a P/E/G ratio of 1.00 and a beta of 1.09. The company’s 50-day moving average is $49.94 and its 200 day moving average is $46.70.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. As a group, research analysts predict that Las Vegas Sands will post 2.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the sale, the chief executive officer now directly owns 60,187 shares in the company, valued at $3,129,724. This represents a 28.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was 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. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Las Vegas Sands

Hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Las Vegas Sands during the 3rd quarter worth $26,000. CVA Family Office LLC lifted its holdings in shares of Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after acquiring an additional 304 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after acquiring an additional 247 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Las Vegas Sands during the 3rd quarter worth $34,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after acquiring an additional 243 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.