Las Vegas Sands (NYSE:LVS) Price Target Cut to $64.00 by Analysts at Susquehanna

Las Vegas Sands (NYSE:LVS) had its price objective dropped by equities researchers at Susquehanna from $72.00 to $64.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the casino operator’s stock. Susquehanna’s price target indicates a potential upside of 38.74% from the company’s previous close.

Several other research firms have also recently issued reports on LVS. Bank of America decreased their price target on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday. The Goldman Sachs Group decreased their price objective on Las Vegas Sands from $73.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Stifel Nicolaus upped their target price on Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Weiss Ratings cut Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Finally, Jefferies Financial Group lifted their price target on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.38.

Las Vegas Sands Stock Performance

LVS traded up $0.66 during midday trading on Wednesday, reaching $46.13. The company’s stock had a trading volume of 2,272,788 shares, compared to its average volume of 4,822,537. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. The stock has a market cap of $30.57 billion, a P/E ratio of 17.04, a PEG ratio of 1.04 and a beta of 0.83. The company has a fifty day simple moving average of $48.55 and a 200 day simple moving average of $53.54. Las Vegas Sands has a twelve month low of $44.22 and a twelve month high of $70.45.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the business earned $0.59 EPS. The firm’s revenue was up 25.3% on a year-over-year basis. Research analysts expect that Las Vegas Sands will post 3.37 earnings per share for the current year.

Institutional Investors Weigh In On Las Vegas Sands

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC grew its position in Las Vegas Sands by 222.7% in the 4th quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock valued at $592,223,000 after purchasing an additional 6,279,390 shares during the period. Norges Bank bought a new stake in Las Vegas Sands in the 4th quarter worth about $364,892,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Las Vegas Sands by 410.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock worth $277,963,000 after buying an additional 4,154,753 shares in the last quarter. M&T Bank Corp grew its stake in Las Vegas Sands by 33,102.6% in the 4th quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator’s stock valued at $197,463,000 after purchasing an additional 3,051,071 shares during the period. Finally, Amundi increased its holdings in Las Vegas Sands by 157.2% during the first quarter. Amundi now owns 2,864,789 shares of the casino operator’s stock worth $154,355,000 after buying an additional 1,750,758 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.