Las Vegas Sands (NYSE:LVS) Stock Rating Cut to “Strong Sell” at Zacks Research

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

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group cut their price objective on shares of Las Vegas Sands from $40.00 to $37.00 and set a “hold” rating for the company in a research report on Thursday, October 22nd. The Goldman Sachs Group set a $41.00 price target on shares of Las Vegas Sands in a report on Thursday, October 22nd. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $62.00 price objective (down from $73.00) on shares of Las Vegas Sands in a research note on Thursday, July 23rd. Finally, Weiss Ratings downgraded shares of Las Vegas Sands from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, October 19th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.28.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $40.70 on Tuesday. The stock’s fifty day moving average price is $39.45 and its two-hundred day moving average price is $48.73. Las Vegas Sands has a one year low of $35.03 and a one year high of $70.45. The company has a debt-to-equity ratio of 15.27, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market cap of $25.52 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.89 and a beta of 0.78.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 21st. The casino operator reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.14). Las Vegas Sands had a net margin of 11.85% and a return on equity of 177.43%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The business’s revenue was down 3.5% compared to the same quarter last year. As a group, research analysts expect that Las Vegas Sands will post 2.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LVS. Lido Advisors LLC increased its position in shares of Las Vegas Sands by 12.6% during the third quarter. Lido Advisors LLC now owns 5,381 shares of the casino operator’s stock worth $203,000 after buying an additional 601 shares during the period. Kestra Investment Management LLC lifted its holdings in Las Vegas Sands by 3.9% in the third quarter. Kestra Investment Management LLC now owns 50,505 shares of the casino operator’s stock valued at $1,910,000 after buying an additional 1,883 shares during the period. AlphaCore Capital LLC lifted its holdings in Las Vegas Sands by 14.2% in the third quarter. AlphaCore Capital LLC now owns 5,938 shares of the casino operator’s stock valued at $225,000 after buying an additional 740 shares during the period. Fulcrum Asset Management LLP grew its stake in Las Vegas Sands by 83.6% during the third quarter. Fulcrum Asset Management LLP now owns 20,088 shares of the casino operator’s stock worth $770,000 after purchasing an additional 9,146 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Las Vegas Sands by 20.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 14,249 shares of the casino operator’s stock worth $523,000 after purchasing an additional 2,388 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Company Profile

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.