Las Vegas Sands (NYSE:LVS – Get Free Report) had its price objective reduced by research analysts at Morgan Stanley from $61.00 to $55.00 in a report released on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the casino operator’s stock. Morgan Stanley’s price objective points to a potential upside of 45.76% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Mizuho reduced their target price on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. JPMorgan Chase & Co. dropped their price target on shares of Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Bank of America cut their price objective on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. HSBC cut their price objective on Las Vegas Sands from $78.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company reduced their price objective on Las Vegas Sands from $48.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Monday. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average target price of $59.10.
Read Our Latest Stock Analysis on Las Vegas Sands
Las Vegas Sands Stock Down 0.7%
Shares of LVS traded down $0.28 during mid-day trading on Monday, hitting $37.73. 1,810,284 shares of the company’s stock were exchanged, compared to its average volume of 5,061,017. The company has a market cap of $24.44 billion, a price-to-earnings ratio of 14.69, a P/E/G ratio of 0.94 and a beta of 0.78. Las Vegas Sands has a fifty-two week low of $35.28 and a fifty-two week high of $70.45. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The stock’s 50-day moving average is $41.70 and its 200-day moving average is $47.20.
Las Vegas Sands (NYSE:LVS – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. On average, sell-side analysts anticipate that Las Vegas Sands will post 3.09 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in LVS. Burns Matteson Capital Management LLC purchased a new stake in Las Vegas Sands in the third quarter valued at $489,000. Howard Capital Management LLC acquired a new position in Las Vegas Sands in the third quarter valued at $5,391,000. V Square Quantitative Management LLC grew its holdings in shares of Las Vegas Sands by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 9,133 shares of the casino operator’s stock worth $345,000 after purchasing an additional 3,123 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Las Vegas Sands by 0.8% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,774,781 shares of the casino operator’s stock worth $67,104,000 after purchasing an additional 13,580 shares during the last quarter. Finally, Krilogy Financial LLC increased its position in shares of Las Vegas Sands by 11.4% during the third quarter. Krilogy Financial LLC now owns 17,003 shares of the casino operator’s stock worth $615,000 after purchasing an additional 1,734 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.
About Las Vegas Sands
Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.
Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.
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