StockNews.com began coverage on shares of Las Vegas Sands (NYSE:LVS – Get Rating) in a research report released on Thursday. The brokerage issued a hold rating on the casino operator’s stock.
A number of other analysts also recently weighed in on the company. Morgan Stanley boosted their target price on Las Vegas Sands from $59.00 to $62.00 and gave the stock an overweight rating in a research report on Wednesday, March 1st. Stifel Nicolaus upped their target price on Las Vegas Sands from $60.00 to $66.00 and gave the company a buy rating in a report on Thursday, January 26th. TheStreet raised Las Vegas Sands from a d+ rating to a c- rating in a research note on Monday, February 6th. Credit Suisse Group increased their target price on Las Vegas Sands from $59.00 to $62.00 and gave the stock an outperform rating in a research note on Thursday, January 26th. Finally, CBRE Group raised Las Vegas Sands from a hold rating to a buy rating and increased their target price for the stock from $47.00 to $68.00 in a research note on Thursday, January 26th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $64.00.
Las Vegas Sands Stock Up 0.4 %
Shares of NYSE LVS opened at $54.69 on Thursday. Las Vegas Sands has a 12 month low of $28.88 and a 12 month high of $60.99. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 3.81. The firm has a market capitalization of $41.80 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 15.57 and a beta of 1.16. The business has a 50-day moving average of $56.56 and a 200-day moving average of $46.93.
Hedge Funds Weigh In On Las Vegas Sands
Several institutional investors and hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its position in shares of Las Vegas Sands by 1.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the casino operator’s stock valued at $1,019,000 after purchasing an additional 200 shares in the last quarter. BOKF NA grew its holdings in shares of Las Vegas Sands by 1.8% during the fourth quarter. BOKF NA now owns 11,462 shares of the casino operator’s stock worth $551,000 after buying an additional 207 shares during the last quarter. Allworth Financial LP boosted its holdings in Las Vegas Sands by 17.9% in the 4th quarter. Allworth Financial LP now owns 1,385 shares of the casino operator’s stock valued at $67,000 after purchasing an additional 210 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Las Vegas Sands by 0.7% during the 4th quarter. Baird Financial Group Inc. now owns 32,842 shares of the casino operator’s stock valued at $1,579,000 after acquiring an additional 216 shares during the period. Finally, Industrial Alliance Investment Management Inc. lifted its position in shares of Las Vegas Sands by 16.4% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 1,560 shares of the casino operator’s stock valued at $75,000 after acquiring an additional 220 shares during the period. Institutional investors and hedge funds own 39.75% of the company’s stock.
About Las Vegas Sands
Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the Macao and Singapore geographical segments. The Macao segment handles the operations of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao.
- Get a free copy of the StockNews.com research report on Las Vegas Sands (LVS)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.