Las Vegas Sands (NYSE:LVS) PT Lowered to $65.00 at Mizuho

Las Vegas Sands (NYSE:LVS) had its price target lowered by equities researchers at Mizuho from $70.00 to $65.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the casino operator’s stock. Mizuho’s target price would indicate a potential upside of 41.95% from the stock’s current price.

LVS has been the subject of a number of other research reports. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Morgan Stanley upped their price objective on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Wells Fargo & Company decreased their target price on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday. Barclays upped their price target on shares of Las Vegas Sands from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lowered their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.83.

Las Vegas Sands Price Performance

Las Vegas Sands stock traded down $4.44 during mid-day trading on Thursday, hitting $45.79. 5,763,058 shares of the company traded hands, compared to its average volume of 4,375,983. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.31. Las Vegas Sands has a one year low of $43.77 and a one year high of $65.58. The stock has a market cap of $34.40 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 0.81 and a beta of 1.16. The stock has a fifty day moving average price of $52.37 and a 200-day moving average price of $49.62.

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

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 100,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Las Vegas Sands

Hedge funds have recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in Las Vegas Sands during the third quarter valued at $27,000. Western Pacific Wealth Management LP purchased a new position in Las Vegas Sands in the third quarter worth about $29,000. Coppell Advisory Solutions LLC purchased a new stake in Las Vegas Sands during the second quarter valued at approximately $29,000. Retirement Group LLC bought a new stake in shares of Las Vegas Sands in the 4th quarter valued at approximately $31,000. Finally, CNB Bank purchased a new stake in Las Vegas Sands during the 3rd quarter valued at $32,000. 39.16% of the stock is 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.