Las Vegas Sands (NYSE:LVS) Price Target Cut to $62.00

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Las Vegas Sands (NYSE:LVS) had its target price cut by UBS Group from $63.00 to $62.00 in a report published on Friday, BenzingaRatingsTable reports. They currently have a neutral rating on the casino operator’s stock.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley decreased their target price on Las Vegas Sands from $71.00 to $68.00 and set an overweight rating for the company in a research report on Thursday, June 6th. Goldman Sachs Group raised Las Vegas Sands to a buy rating in a research report on Tuesday, June 11th. Argus downgraded Las Vegas Sands from a buy rating to a hold rating in a research report on Tuesday, August 20th. Deutsche Bank raised Las Vegas Sands from a hold rating to a buy rating and upped their target price for the stock from $69.00 to $70.00 in a research report on Sunday, September 8th. Finally, JPMorgan Chase & Co. decreased their target price on Las Vegas Sands from $68.00 to $60.00 and set a neutral rating for the company in a research report on Friday, September 6th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $67.36.

LVS stock opened at $59.34 on Friday. The stock has a 50-day moving average price of $56.09 and a two-hundred day moving average price of $60.32. Las Vegas Sands has a 12-month low of $47.39 and a 12-month high of $69.60. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 1.81. The company has a market cap of $46.30 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 7.91 and a beta of 1.60.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.09). Las Vegas Sands had a net margin of 14.01% and a return on equity of 35.77%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the firm posted $0.76 EPS. Las Vegas Sands’s revenue was up .9% on a year-over-year basis. Equities analysts forecast that Las Vegas Sands will post 3.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Wednesday, September 18th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Tuesday, September 17th. Las Vegas Sands’s payout ratio is 92.77%.

Large investors have recently added to or reduced their stakes in the stock. Enterprise Financial Services Corp lifted its stake in shares of Las Vegas Sands by 35.0% in the second quarter. Enterprise Financial Services Corp now owns 991 shares of the casino operator’s stock worth $59,000 after acquiring an additional 257 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of Las Vegas Sands in the second quarter worth about $109,000. Baltimore Capital Management Inc. acquired a new position in shares of Las Vegas Sands in the first quarter worth about $946,000. Stormborn Capital Management LLC lifted its stake in shares of Las Vegas Sands by 9,900.0% in the first quarter. Stormborn Capital Management LLC now owns 50,000 shares of the casino operator’s stock worth $3,048,000 after acquiring an additional 49,500 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its stake in shares of Las Vegas Sands by 2.1% in the second quarter. Annex Advisory Services LLC now owns 25,709 shares of the casino operator’s stock worth $1,519,000 after acquiring an additional 528 shares in the last quarter. Institutional investors and hedge funds own 36.29% of the company’s stock.

About Las Vegas Sands

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 Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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