Las Vegas Sands (NYSE:LVS) Stock Rating Lowered by Zacks Research

Las Vegas Sands (NYSE:LVS) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently commented on LVS. Wall Street Zen cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Seaport Research Partners dropped their price target on Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Mizuho reduced their price objective on Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating for the company in a research note on Thursday. Bank of America lowered their target price on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Finally, HSBC upped their target price on shares of Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.31.

Las Vegas Sands Stock Up 0.2%

LVS stock opened at $46.12 on Thursday. The stock has a market capitalization of $30.56 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.15 and a beta of 0.83. The firm has a 50-day simple moving average of $48.24 and a 200-day simple moving average of $53.22. 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 has a 52 week low of $44.21 and a 52 week high of $70.45.

Las Vegas Sands (NYSE:LVS) last issued its quarterly 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). Las Vegas Sands had a net margin of 12.59% and a return on equity of 117.08%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. Equities analysts forecast that Las Vegas Sands will post 3.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Las Vegas Sands

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new position in shares of Las Vegas Sands during the 4th quarter worth $26,000. DV Equities LLC purchased a new stake in Las Vegas Sands in the 4th quarter valued at about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Las Vegas Sands in the 4th quarter valued at about $29,000. Wilmington Savings Fund Society FSB raised its holdings in Las Vegas Sands by 254.8% in the 4th 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, Activest Wealth Management lifted its position in Las Vegas Sands by 1,208.0% in the fourth quarter. Activest Wealth Management now owns 654 shares of the casino operator’s stock valued at $43,000 after buying an additional 604 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands News Roundup

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

• Positive Sentiment: Investors are still looking beyond near-term weakness because Las Vegas Sands is investing heavily in premium travel demand, including Macau property upgrades and an $8 billion Singapore expansion that could support future growth. Article Title
• Positive Sentiment: Despite the selloff after earnings, some market coverage says LVS is gaining as investors focus on the company’s long-term assets and ignore temporary headwinds. Article Title

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.