Las Vegas Sands (NYSE:LVS) Downgraded to Hold Rating by Wall Street Zen

Las Vegas Sands (NYSE:LVS) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

A number of other analysts have also issued reports on LVS. Stifel Nicolaus raised their target price on shares of Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. HSBC boosted their price target on Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Jefferies Financial Group increased their price target on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.81.

Las Vegas Sands Trading Up 0.4%

NYSE:LVS traded up $0.20 on Friday, reaching $46.65. The stock had a trading volume of 3,356,805 shares, compared to its average volume of 4,364,286. The company has a market cap of $30.91 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.06 and a beta of 0.83. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. The firm’s fifty day moving average is $49.61 and its two-hundred day moving average is $54.64. Las Vegas Sands has a 12-month low of $45.12 and a 12-month high of $70.45.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. Equities analysts expect that Las Vegas Sands will post 3.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Las Vegas Sands

A number of hedge funds have recently made changes to their positions in the stock. Grove Bank & Trust purchased a new stake in shares of Las Vegas Sands during the 4th quarter valued at $26,000. International Assets Investment Management LLC acquired a new stake in shares of Las Vegas Sands during the 4th quarter worth $26,000. DV Equities LLC purchased a new position in shares of Las Vegas Sands in the 4th quarter worth $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Las Vegas Sands in the 4th quarter worth $29,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in 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 acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

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.