Stifel Nicolaus Trims Las Vegas Sands (NYSE:LVS) Target Price to $65.00

Las Vegas Sands (NYSE:LVS) had its price objective cut by research analysts at Stifel Nicolaus from $70.00 to $65.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the casino operator’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 42.79% from the stock’s current price.

Several other research firms also recently weighed in on LVS. Jefferies Financial Group dropped their target price on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a report on Thursday. Barclays decreased 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. Mizuho decreased 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. Citigroup lifted their price objective on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.47.

Las Vegas Sands Price Performance

LVS stock traded down $4.71 during mid-day trading on Thursday, reaching $45.52. The company’s stock had a trading volume of 15,681,500 shares, compared to its average volume of 4,527,169. The stock has a market cap of $34.20 billion, a PE ratio of 28.48, a P/E/G ratio of 0.81 and a beta of 1.16. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 2.96. Las Vegas Sands has a fifty-two week low of $43.77 and a fifty-two week high of $65.58. The company’s 50 day moving average is $52.37 and its two-hundred day moving average is $49.62.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results 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. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. Las Vegas Sands had a net margin of 11.77% and a return on equity of 34.40%. The business’s revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 EPS. Equities research analysts expect that Las Vegas Sands will post 2.73 EPS for the current year.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 100,000 shares of the company’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 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 accessible through this link. Insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

Several institutional investors and hedge funds have recently modified their holdings of LVS. Headlands Technologies LLC purchased a new position in shares of Las Vegas Sands during the third quarter valued at approximately $27,000. Western Pacific Wealth Management LP purchased a new position in shares of Las Vegas Sands during the third quarter valued at approximately $29,000. Coppell Advisory Solutions LLC purchased a new position in shares of Las Vegas Sands during the second quarter valued at approximately $29,000. Retirement Group LLC acquired a new position in Las Vegas Sands during the fourth quarter worth approximately $31,000. Finally, CNB Bank acquired a new position in Las Vegas Sands during the third quarter worth approximately $32,000. Hedge funds and other 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.