Stifel Nicolaus Trims Las Vegas Sands (NYSE:LVS) Target Price to $46.00
Las Vegas Sands (NYSE:LVS – Get Rating) had its price target decreased by equities research analysts at Stifel Nicolaus from $56.00 to $46.00 in a research report issued on Thursday, The Fly reports. Stifel Nicolaus’ price objective would suggest a potential upside of 34.70% from the stock’s previous close.
LVS has been the topic of several other research reports. Bank of America lowered shares of Las Vegas Sands from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $46.00 to $40.00 in a research report on Monday, January 10th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Las Vegas Sands from $60.00 to $53.00 in a research note on Thursday. Jefferies Financial Group lifted their target price on shares of Las Vegas Sands from $39.00 to $45.00 in a research note on Friday, January 21st. StockNews.com began coverage on shares of Las Vegas Sands in a report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, The Goldman Sachs Group raised shares of Las Vegas Sands from a “buy” rating to a “conviction-buy” rating and set a $66.00 target price for the company in a research report on Sunday, January 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.54.
Las Vegas Sands stock traded down $0.69 during trading hours on Thursday, hitting $34.15. The company had a trading volume of 93,086 shares, compared to its average volume of 8,456,355. The firm has a market cap of $26.09 billion, a PE ratio of -27.17 and a beta of 1.31. The company has a debt-to-equity ratio of 6.55, a current ratio of 2.15 and a quick ratio of 2.14. Las Vegas Sands has a one year low of $31.26 and a one year high of $62.85. The firm has a 50-day moving average of $38.78 and a 200 day moving average of $39.68.Las Vegas Sands (NYSE:LVS – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The casino operator reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.17). The company had revenue of $943.00 million during the quarter, compared to the consensus estimate of $1.13 billion. Las Vegas Sands had a negative net margin of 22.70% and a negative return on equity of 33.44%. The firm’s revenue was down 21.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.25) earnings per share. As a group, research analysts expect that Las Vegas Sands will post 0.16 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of LVS. Janney Montgomery Scott LLC lifted its position in Las Vegas Sands by 10.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 20,797 shares of the casino operator’s stock valued at $761,000 after acquiring an additional 2,006 shares during the period. Nordea Investment Management AB increased its stake in Las Vegas Sands by 100.0% during the 3rd quarter. Nordea Investment Management AB now owns 34,946 shares of the casino operator’s stock valued at $1,280,000 after purchasing an additional 17,473 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in Las Vegas Sands by 0.9% during the 3rd quarter. Treasurer of the State of North Carolina now owns 146,835 shares of the casino operator’s stock valued at $5,374,000 after purchasing an additional 1,300 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Las Vegas Sands by 19.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 187,623 shares of the casino operator’s stock valued at $6,867,000 after purchasing an additional 30,274 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new stake in Las Vegas Sands during the 3rd quarter valued at about $493,000. 34.33% of the stock is owned by institutional investors.
Las Vegas Sands Company Profile (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.