Las Vegas Sands (NYSE:LVS) Price Target Cut to $55.00

Las Vegas Sands (NYSE:LVS) had its price target lowered by equities research analysts at Stifel Nicolaus from $65.00 to $55.00 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 would indicate a potential upside of 37.29% from the stock’s current price.

A number of other equities analysts have also recently issued reports on LVS. Deutsche Bank Aktiengesellschaft cut their price target on Las Vegas Sands from $62.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Morgan Stanley lowered their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company lowered their target price on Las Vegas Sands from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Citigroup upped their target price on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Jefferies Financial Group lowered their target price on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.08.

Las Vegas Sands Price Performance

NYSE LVS traded down $0.26 during trading on Thursday, hitting $40.06. 1,121,474 shares of the company’s stock were exchanged, compared to its average volume of 5,289,543. The stock’s 50 day moving average price is $43.70 and its two-hundred day moving average price is $48.08. Las Vegas Sands has a fifty-two week low of $39.25 and a fifty-two week high of $60.47. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.96. The company has a market cap of $29.85 billion, a PE ratio of 19.75, a P/E/G ratio of 0.75 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.04). Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. Research analysts expect that Las Vegas Sands will post 2.64 EPS for the current year.

Institutional Investors Weigh In On Las Vegas Sands

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Las Vegas Sands by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock valued at $1,918,472,000 after buying an additional 209,589 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Las Vegas Sands by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock valued at $1,663,219,000 after buying an additional 531,799 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Las Vegas Sands by 6.4% during the 4th quarter. Fisher Asset Management LLC now owns 11,275,127 shares of the casino operator’s stock valued at $554,849,000 after buying an additional 680,575 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Las Vegas Sands by 6.5% during the 1st quarter. Bank of New York Mellon Corp now owns 9,814,819 shares of the casino operator’s stock valued at $507,426,000 after buying an additional 600,002 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Las Vegas Sands during the fourth quarter worth about $266,538,000. 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.