Las Vegas Sands (NYSE:LVS) Price Target Cut to $50.00

Las Vegas Sands (NYSE:LVS) had its price objective decreased by Morgan Stanley from $55.00 to $50.00 in a research report released on Wednesday, Benzinga reports. Morgan Stanley currently has an overweight rating on the casino operator’s stock.

A number of other equities research analysts have also recently issued reports on the company. Argus cut Las Vegas Sands from a buy rating to a hold rating in a research note on Thursday, August 15th. Barclays lowered their price target on shares of Las Vegas Sands from $57.00 to $52.00 and set an overweight rating on the stock in a research report on Thursday, July 25th. UBS Group downgraded shares of Las Vegas Sands from a buy rating to a neutral rating and cut their price objective for the stock from $70.00 to $49.00 in a report on Friday, August 23rd. StockNews.com cut shares of Las Vegas Sands from a buy rating to a hold rating in a report on Thursday, July 25th. Finally, Susquehanna cut their price target on Las Vegas Sands from $59.00 to $51.00 and set a positive rating for the company in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $55.25.

Las Vegas Sands Stock Up 3.0 %

Las Vegas Sands stock opened at $39.86 on Wednesday. The firm has a 50 day moving average price of $40.54 and a 200-day moving average price of $45.67. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. Las Vegas Sands has a twelve month low of $36.62 and a twelve month high of $55.65. The company has a market capitalization of $29.35 billion, a P/E ratio of 19.25, a P/E/G ratio of 1.07 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. Las Vegas Sands’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.46 earnings per share. As a group, equities analysts predict that Las Vegas Sands will post 2.45 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.01%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s payout ratio is 38.65%.

Institutional Trading of Las Vegas Sands

Large investors have recently modified their holdings of the business. Bank & Trust Co purchased a new stake in Las Vegas Sands in the second quarter valued at approximately $29,000. Accent Capital Management LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter valued at $39,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after acquiring an additional 437 shares during the last quarter. Vestor Capital LLC purchased a new position in Las Vegas Sands in the fourth quarter worth $42,000. Finally, Fidelis Capital Partners LLC bought a new position in Las Vegas Sands in the first quarter valued at $43,000. Institutional investors own 39.16% of the company’s stock.

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.