Stifel Nicolaus Lowers Las Vegas Sands (NYSE:LVS) Price Target to $65.00

Las Vegas Sands (NYSE:LVS) had its target price reduced by stock analysts at Stifel Nicolaus from $70.00 to $65.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the casino operator’s stock. Stifel Nicolaus’ target price points to a potential upside of 42.98% from the stock’s current price.

LVS has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group dropped their price target on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday. Barclays dropped their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday. StockNews.com upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $64.47.

Las Vegas Sands Stock Down 0.9 %

Shares of NYSE LVS opened at $45.46 on Thursday. The firm has a market cap of $34.15 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 0.82 and a beta of 1.16. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 2.96. Las Vegas Sands has a 52-week low of $43.77 and a 52-week high of $65.58. The business’s 50 day moving average is $52.06 and its two-hundred day moving average is $49.59.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. The company 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 firm’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 earnings per share. Research analysts predict that Las Vegas Sands will post 2.67 EPS for the current year.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were 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 owns 172,801 shares in the company, valued at $8,996,020.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Las Vegas Sands

Several large investors have recently bought and sold shares of the stock. Norden Group LLC acquired a new position in Las Vegas Sands in the first quarter valued at $928,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Las Vegas Sands by 1.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 837,030 shares of the casino operator’s stock valued at $43,274,000 after buying an additional 14,723 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Las Vegas Sands by 9.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 16,075 shares of the casino operator’s stock valued at $831,000 after buying an additional 1,408 shares during the last quarter. Hengehold Capital Management LLC purchased a new stake in shares of Las Vegas Sands in the first quarter valued at about $217,000. Finally, ARGA Investment Management LP raised its holdings in shares of Las Vegas Sands by 6.4% in the first quarter. ARGA Investment Management LP now owns 3,308,987 shares of the casino operator’s stock valued at $171,075,000 after buying an additional 198,413 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 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.