Las Vegas Sands (NYSE:LVS) Price Target Cut to $56.00
Las Vegas Sands (NYSE:LVS – Get Rating) had its price objective lowered by Citigroup from $57.00 to $56.00 in a research note released on Tuesday morning, The Fly reports. The brokerage currently has a buy rating on the casino operator’s stock.
LVS has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Las Vegas Sands from $60.00 to $53.00 in a research report on Thursday, April 28th. Barclays began coverage on shares of Las Vegas Sands in a research report on Tuesday, June 28th. They set an overweight rating and a $39.00 price objective for the company. Morgan Stanley lowered their price objective on shares of Las Vegas Sands from $44.00 to $39.00 and set an equal weight rating for the company in a research report on Monday, April 25th. StockNews.com upgraded shares of Las Vegas Sands to a sell rating in a report on Tuesday, May 10th. Finally, UBS Group set a $42.00 target price on shares of Las Vegas Sands in a report on Monday, June 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $48.15.
Las Vegas Sands stock opened at $34.76 on Tuesday. The company has a debt-to-equity ratio of 3.19, a current ratio of 3.14 and a quick ratio of 3.13. The stock has a market cap of $26.56 billion, a price-to-earnings ratio of 14.42 and a beta of 1.24. The firm has a 50 day simple moving average of $33.78 and a 200-day simple moving average of $37.96. Las Vegas Sands has a 1-year low of $28.88 and a 1-year high of $53.13.Las Vegas Sands (NYSE:LVS – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The casino operator reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). The company had revenue of $943.00 million for the quarter, compared to analysts’ expectations of $1.13 billion. Las Vegas Sands had a negative return on equity of 33.07% and a net margin of 46.40%. The business’s revenue for the quarter was down 21.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.25) EPS. Equities analysts expect that Las Vegas Sands will post -0.68 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in LVS. Mizuho Securities Co. Ltd. acquired a new stake in shares of Las Vegas Sands in the 1st quarter valued at $39,000. Desjardins Global Asset Management Inc. acquired a new stake in shares of Las Vegas Sands in the 4th quarter valued at $40,000. Confluence Wealth Services Inc. purchased a new position in shares of Las Vegas Sands in the 4th quarter valued at $40,000. Hudock Inc. grew its position in shares of Las Vegas Sands by 89.9% in the 1st quarter. Hudock Inc. now owns 1,056 shares of the casino operator’s stock valued at $41,000 after buying an additional 500 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Las Vegas Sands by 54.7% in the 4th quarter. Bessemer Group Inc. now owns 1,142 shares of the casino operator’s stock valued at $43,000 after buying an additional 404 shares during the last quarter. Institutional investors and hedge funds own 34.33% of the company’s stock.
About Las Vegas Sands (Get Rating)
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. 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.