Las Vegas Sands (NYSE:LVS) Price Target Cut to $47.00

Las Vegas Sands (NYSE:LVS) had its target price decreased by equities research analysts at Jefferies Financial Group from $53.00 to $47.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the casino operator’s stock. Jefferies Financial Group’s target price points to a potential upside of 9.99% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company decreased their price target 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 price objective on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. reduced their price objective on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Barclays reduced their price objective on Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, June 7th. Finally, Stifel Nicolaus reduced their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.79.

Las Vegas Sands Stock Up 1.0 %

NYSE LVS opened at $42.73 on Thursday. The firm has a market cap of $31.84 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 0.74 and a beta of 1.12. Las Vegas Sands has a one year low of $41.17 and a one year high of $61.25. The stock’s 50 day simple moving average is $44.52 and its 200 day simple moving average is $48.55. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. Las Vegas Sands’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 EPS. As a group, sell-side analysts forecast that Las Vegas Sands will post 2.69 earnings per share for the current fiscal year.

Institutional Trading of Las Vegas Sands

Hedge funds have recently added to or reduced their stakes in the business. Bank & Trust Co acquired a new stake in Las Vegas Sands during the 2nd quarter worth $29,000. Delos Wealth Advisors LLC acquired a new stake in Las Vegas Sands during the 4th quarter worth $33,000. Venturi Wealth Management LLC raised its stake in Las Vegas Sands by 150.4% during the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after buying an additional 409 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in Las Vegas Sands during the 4th quarter worth $39,000. Finally, Accent Capital Management LLC acquired a new stake in Las Vegas Sands during the 4th quarter worth $39,000. Institutional investors and hedge funds 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.