JPMorgan Chase & Co. Issues Pessimistic Forecast for Las Vegas Sands (NYSE:LVS) Stock Price

Las Vegas Sands (NYSE:LVS) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $64.00 to $60.00 in a note issued to investors on Thursday, MarketBeat.com reports. The firm currently has an “overweight” rating on the casino operator’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 30.09% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley set a $68.00 price target on Las Vegas Sands in a research note on Wednesday. Stifel Nicolaus lowered their price objective on Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday. The Goldman Sachs Group reduced their target price on Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday. Wall Street Zen cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Jefferies Financial Group boosted their price target on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus target price of $62.31.

Las Vegas Sands Stock Up 0.2%

LVS stock opened at $46.12 on Thursday. The business’s fifty day moving average price is $48.24 and its two-hundred day moving average price is $53.22. The stock has a market capitalization of $30.56 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.15 and a beta of 0.83. Las Vegas Sands has a fifty-two week low of $44.21 and a fifty-two week high of $70.45. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 117.08% and a net margin of 12.59%.The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the business posted $0.66 earnings per share. Las Vegas Sands’s revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Las Vegas Sands will post 3.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Las Vegas Sands in the fourth quarter valued at approximately $26,000. DV Equities LLC acquired a new position in Las Vegas Sands in the fourth quarter valued at $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Las Vegas Sands during the fourth quarter valued at $29,000. Wilmington Savings Fund Society FSB boosted its position in Las Vegas Sands by 254.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. Finally, Activest Wealth Management grew its holdings in Las Vegas Sands by 1,208.0% during the 4th quarter. Activest Wealth Management now owns 654 shares of the casino operator’s stock worth $43,000 after acquiring an additional 604 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Trending Headlines about Las Vegas Sands

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: Investors are still looking beyond near-term weakness because Las Vegas Sands is investing heavily in premium travel demand, including Macau property upgrades and an $8 billion Singapore expansion that could support future growth. Article Title
• Positive Sentiment: Despite the selloff after earnings, some market coverage says LVS is gaining as investors focus on the company’s long-term assets and ignore temporary headwinds. Article Title

Las Vegas Sands Company Profile

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.