Las Vegas Sands (NYSE:LVS) Price Target Lowered to $62.00 at UBS Group

by · The Cerbat Gem

Las Vegas Sands (NYSE:LVS – Get Free Report) had its price target cut by analysts at UBS Group from $69.00 to $62.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the casino operator’s stock. UBS Group’s target price indicates a potential upside of 20.86% from the company’s previous close.

LVS has been the topic of a number of other research reports. Wells Fargo & Company cut their target price on shares of Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Wall Street Zen downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Deutsche Bank Aktiengesellschaft reduced their price target 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. Jefferies Financial Group boosted their target price on shares of Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Finally, HSBC raised their price target on shares of Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.91.

Check Out Our Latest Research Report on Las Vegas Sands

Las Vegas Sands Stock Performance

Las Vegas Sands stock opened at $51.30 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The stock has a market cap of $33.99 billion, a PE ratio of 19.02, a P/E/G ratio of 1.16 and a beta of 0.81. Las Vegas Sands has a 12-month low of $40.03 and a 12-month high of $70.45. The business’s 50-day moving average price is $53.03 and its two-hundred day moving average price is $58.03.

Las Vegas Sands (NYSE:LVS – Get Free Report) last posted its 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 firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. As a group, analysts expect that Las Vegas Sands will post 3.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Las Vegas Sands

In other news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the transaction, the chief executive officer directly owned 511,942 shares of the company’s stock, valued at $28,028,824.50. The trade was a 10.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

Institutional investors have recently added to or reduced their stakes in the business. Grove Bank & Trust bought a new stake in shares of Las Vegas Sands in the 4th quarter valued at $26,000. International Assets Investment Management LLC bought a new stake in Las Vegas Sands in the fourth quarter valued at $26,000. Westside Investment Management Inc. raised its holdings in shares of Las Vegas Sands by 48.0% during the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 166 shares during the period. DV Equities LLC bought a new position in shares of Las Vegas Sands during the 4th quarter worth about $28,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Las Vegas Sands in the 4th quarter valued at about $29,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile

(Get Free Report)

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.

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