Las Vegas Sands (NYSE:LVS) PT Lowered to $65.00

Las Vegas Sands (NYSE:LVS) had its price objective dropped by stock analysts at Mizuho from $70.00 to $65.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the casino operator’s stock. Mizuho’s price target suggests a potential upside of 41.95% from the company’s current price.

LVS has been the subject of several other reports. Wells Fargo & Company reduced their target price on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday. Barclays lifted their price target on Las Vegas Sands from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Morgan Stanley increased their price target on Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.83.

Las Vegas Sands Price Performance

Shares of LVS stock traded down $4.44 during mid-day trading on Thursday, reaching $45.79. The stock had a trading volume of 5,763,058 shares, compared to its average volume of 4,375,983. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 2.96. The company has a market cap of $34.40 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 0.81 and a beta of 1.16. The business has a 50-day simple moving average of $52.37 and a 200 day simple moving average of $49.62. Las Vegas Sands has a 12-month low of $43.77 and a 12-month high of $65.58.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 34.40% and a net margin of 11.77%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm posted $0.28 EPS. The business’s revenue for the quarter was up 34.9% on a year-over-year basis. On average, sell-side analysts anticipate that Las Vegas Sands will post 2.73 earnings per share for the current year.

Insider Transactions at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the transaction, the chief executive officer now directly owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by insiders.

Institutional Trading of Las Vegas Sands

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Las Vegas Sands by 13.1% in the fourth quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock valued at $1,815,760,000 after acquiring an additional 4,264,043 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Las Vegas Sands by 20.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,638,753 shares of the casino operator’s stock valued at $1,556,945,000 after buying an additional 5,439,735 shares during the last quarter. BlackRock Inc. grew its position in Las Vegas Sands by 1.4% during the first quarter. BlackRock Inc. now owns 23,298,767 shares of the casino operator’s stock worth $1,338,514,000 after buying an additional 330,221 shares in the last quarter. State Street Corp grew its position in Las Vegas Sands by 2.9% during the first quarter. State Street Corp now owns 13,898,679 shares of the casino operator’s stock worth $540,242,000 after buying an additional 394,616 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Las Vegas Sands by 6.4% during the fourth quarter. Fisher Asset Management LLC now owns 11,275,127 shares of the casino operator’s stock valued at $554,849,000 after acquiring an additional 680,575 shares during the period. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.