Jefferies Financial Group Cuts Las Vegas Sands (NYSE:LVS) Price Target to $53.00

Las Vegas Sands (NYSE:LVS) had its price objective dropped by research analysts at Jefferies Financial Group from $54.00 to $53.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the casino operator’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 16.59% from the stock’s current price.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. lowered their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company reduced their price target on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday. Barclays lifted their price target on Las Vegas Sands from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Mizuho reduced their price target on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Morgan Stanley lifted their price target on Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.47.

Las Vegas Sands Stock Performance

Shares of LVS opened at $45.46 on Thursday. The firm has a market cap of $34.15 billion, a PE ratio of 21.96, a PEG ratio of 0.82 and a beta of 1.16. The stock’s fifty day moving average price is $52.06 and its two-hundred day moving average price is $49.59. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.31 and a quick ratio of 1.30. Las Vegas Sands has a 1 year low of $43.77 and a 1 year high of $65.58.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.13. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a return on equity of 41.81% and a net margin of 13.99%. The business’s revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. On average, equities research analysts forecast that Las Vegas Sands will post 2.67 EPS for the current year.

Insider Buying and Selling

In other news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the transaction, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On Las Vegas Sands

Hedge funds and other institutional investors have recently modified their holdings of the company. Coppell Advisory Solutions LLC purchased a new position in shares of Las Vegas Sands in the 2nd quarter worth about $29,000. Headlands Technologies LLC purchased a new position in shares of Las Vegas Sands in the 3rd quarter worth about $27,000. Western Pacific Wealth Management LP purchased a new position in shares of Las Vegas Sands in the 3rd quarter worth about $29,000. Retirement Group LLC purchased a new position in shares of Las Vegas Sands in the 4th quarter worth about $31,000. Finally, Delos Wealth Advisors LLC purchased a new position in shares of Las Vegas Sands in the 4th quarter worth about $33,000. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

About Las Vegas Sands

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.