Deutsche Bank Aktiengesellschaft Lowers Las Vegas Sands (NYSE:LVS) Price Target to $62.00

Las Vegas Sands (NYSE:LVS) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $66.00 to $62.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the casino operator’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 36.38% from the company’s previous close.

Several other analysts have also issued reports on LVS. Jefferies Financial Group cut their price target on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Thursday. Barclays cut their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday. Citigroup upped their price target on shares of Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday. Mizuho cut their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Morgan Stanley upped their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.47.

Las Vegas Sands Stock Performance

NYSE LVS opened at $45.46 on Thursday. Las Vegas Sands has a 52-week low of $43.77 and a 52-week high of $65.58. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.31. The company has a market capitalization of $34.15 billion, a P/E ratio of 21.96, a P/E/G ratio of 0.82 and a beta of 1.16. The company has a fifty day moving average of $52.06 and a 200-day moving average of $49.59.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a net margin of 13.99% and a return on equity of 41.81%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the firm posted $0.28 EPS. The firm’s revenue was up 34.9% compared to the same quarter last year. As a group, equities research analysts predict that Las Vegas Sands will post 2.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the transaction, the chief executive officer now owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Las Vegas Sands

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MML Investors Services LLC increased its stake in shares of Las Vegas Sands by 1.9% during the first quarter. MML Investors Services LLC now owns 9,767 shares of the casino operator’s stock valued at $561,000 after purchasing an additional 185 shares in the last quarter. Horizon Investments LLC grew its holdings in shares of Las Vegas Sands by 4.3% during the second quarter. Horizon Investments LLC now owns 4,964 shares of the casino operator’s stock valued at $287,000 after buying an additional 204 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Las Vegas Sands by 0.7% during the fourth quarter. Baird Financial Group Inc. now owns 32,842 shares of the casino operator’s stock valued at $1,579,000 after buying an additional 216 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its holdings in shares of Las Vegas Sands by 16.4% during the fourth quarter. Industrial Alliance Investment Management Inc. now owns 1,560 shares of the casino operator’s stock valued at $75,000 after buying an additional 220 shares during the last quarter. Finally, Waldron Private Wealth LLC grew its holdings in shares of Las Vegas Sands by 1.9% during the fourth quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock valued at $608,000 after buying an additional 232 shares during the last quarter. Institutional investors 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.