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

Las Vegas Sands (NYSE:LVS) had its target price cut by equities research analysts at Stifel Nicolaus from $70.00 to $65.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the casino operator’s stock. Stifel Nicolaus’ target price points to a potential upside of 42.79% from the stock’s previous close.

LVS has been the topic of several other research reports. Mizuho lowered their target price on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday. Barclays decreased their price objective on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley increased their price objective on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Finally, Citigroup increased their price objective on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Two research 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, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average target price of $64.47.

Las Vegas Sands Price Performance

Shares of LVS traded down $4.71 during trading hours on Thursday, hitting $45.52. The stock had a trading volume of 15,681,500 shares, compared to its average volume of 4,527,169. The company’s fifty day moving average is $52.37 and its two-hundred day moving average is $49.62. 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 52 week low of $43.77 and a 52 week high of $65.58. The stock has a market capitalization of $34.20 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 0.81 and a beta of 1.16.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.13. Las Vegas Sands had a net margin of 11.77% and a return on equity of 34.40%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, analysts anticipate that Las Vegas Sands will post 2.73 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Las Vegas Sands

Institutional investors and hedge funds have recently made changes to their positions in the company. Coppell Advisory Solutions LLC acquired a new position in shares of Las Vegas Sands in the 2nd quarter valued at $29,000. Headlands Technologies LLC acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at $27,000. Western Pacific Wealth Management LP acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at $29,000. Retirement Group LLC acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at $31,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at $33,000. Institutional investors and hedge funds 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.