Barclays Lowers Las Vegas Sands (NYSE:LVS) Price Target to $58.00

Las Vegas Sands (NYSE:LVS) had its price target reduced by investment analysts at Barclays from $61.00 to $58.00 in a research note issued on Wednesday. The firm presently has an “overweight” rating on the casino operator’s stock. Barclays‘s price objective would indicate a potential upside of 32.21% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Jefferies Financial Group raised Las Vegas Sands from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. Mizuho increased their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Stifel Nicolaus raised their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $51.00 target price (down previously from $54.00) on shares of Las Vegas Sands in a research report on Tuesday, January 14th. Finally, UBS Group lifted their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $60.33.

Las Vegas Sands Stock Performance

Shares of NYSE LVS traded up $0.64 during midday trading on Wednesday, reaching $43.87. 2,535,719 shares of the stock were exchanged, compared to its average volume of 4,519,878. The firm has a market cap of $31.81 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.00 and a beta of 1.09. The firm has a 50-day simple moving average of $50.06 and a two-hundred day simple moving average of $46.72. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. Las Vegas Sands has a twelve month low of $36.62 and a twelve month high of $56.60.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert G. Goldstein sold 24,324 shares of Las Vegas Sands stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the sale, the chief executive officer now owns 60,187 shares in the company, valued at $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. 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

Large investors have recently bought and sold shares of the business. Wingate Wealth Advisors Inc. purchased a new stake in shares of Las Vegas Sands in the fourth quarter valued at about $75,000. Savant Capital LLC raised its stake in Las Vegas Sands by 5.4% during the 4th quarter. Savant Capital LLC now owns 18,404 shares of the casino operator’s stock valued at $945,000 after acquiring an additional 941 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Las Vegas Sands during the 4th quarter worth approximately $124,000. Empowered Funds LLC grew its stake in shares of Las Vegas Sands by 9.1% in the 4th quarter. Empowered Funds LLC now owns 6,600 shares of the casino operator’s stock valued at $339,000 after purchasing an additional 550 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of Las Vegas Sands by 45.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator’s stock valued at $39,000 after purchasing an additional 238 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

About Las Vegas Sands

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.