Stifel Nicolaus Cuts Las Vegas Sands (NYSE:LVS) Price Target to $60.00

Las Vegas Sands (NYSE:LVS) had its target price cut by Stifel Nicolaus from $74.00 to $60.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the casino operator’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 29.66% from the company’s current price.

Several other brokerages also recently issued reports on LVS. Susquehanna cut their price target on Las Vegas Sands from $72.00 to $64.00 and set a “positive” rating for the company in a report on Wednesday. Wells Fargo & Company decreased their price objective on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. JPMorgan Chase & Co. dropped their price objective on shares of Las Vegas Sands from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. The Goldman Sachs Group set a $55.00 target price on shares of Las Vegas Sands in a research note on Thursday. Finally, Citigroup reduced their target price on shares of Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating for the company in a report on Friday, July 10th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average target price of $63.69.

Las Vegas Sands Stock Performance

LVS opened at $46.27 on Thursday. Las Vegas Sands has a 12-month low of $44.10 and a 12-month high of $70.45. The stock has a market cap of $30.66 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.12 and a beta of 0.83. The business has a 50 day moving average of $48.43 and a 200-day moving average of $53.40. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64.

Las Vegas Sands (NYSE:LVS) last posted its earnings results 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 for the quarter, compared to analyst estimates of $3.31 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The firm’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, equities research analysts expect that Las Vegas Sands will post 3.35 earnings per share for the current year.

Institutional Trading of Las Vegas Sands

A number of institutional investors have recently bought and sold shares of LVS. International Assets Investment Management LLC bought a new position in shares of Las Vegas Sands during the fourth quarter worth approximately $26,000. DV Equities LLC acquired a new stake in shares of Las Vegas Sands in the fourth quarter valued at approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Las Vegas Sands in the fourth quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB boosted its stake in shares of Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after buying an additional 400 shares during the period. Finally, IFP Advisors Inc grew its position in Las Vegas Sands by 182.4% during the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock worth $36,000 after buying an additional 434 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Key Las Vegas Sands News

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: Las Vegas Sands declared a quarterly dividend of $0.30 per share, signaling continued cash returns to shareholders and supporting the stock’s income appeal.
• Positive Sentiment: The company also repurchased $787 million of stock during the quarter and raised its buyback authorization to $6.0 billion, which can help offset share dilution and support earnings per share over time.
• Neutral Sentiment: Analysts kept generally constructive views on the name, with Susquehanna lowering its price target to $64 from $72 while maintaining a positive rating, and other recent targets still implying meaningful upside.
• Negative Sentiment: Q2 earnings missed expectations: LVS reported $0.59 per share versus estimates around $0.76-$0.77, while revenue of $3.15 billion also came in below consensus, reinforcing concerns about near-term operating momentum.
• Negative Sentiment: Revenue declined slightly year over year, and commentary/market reaction pointed to weaker Macau gaming demand and margin pressure as key headwinds for the company’s most important market.

Las Vegas Sands Company Profile

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.