Stifel Nicolaus Issues Pessimistic Forecast for Las Vegas Sands (NYSE:LVS) Stock Price

Las Vegas Sands (NYSE:LVS) had its price objective dropped by research analysts at Stifel Nicolaus from $74.00 to $60.00 in a report issued on Thursday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the casino operator’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 30.09% from the company’s current price.

LVS has been the topic of a number of other reports. The Goldman Sachs Group dropped their price objective on shares of Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday. Mizuho lifted their target price on Las Vegas Sands from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. dropped their target price on Las Vegas Sands from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Jefferies Financial Group lifted their target price on shares of Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Finally, Wells Fargo & Company dropped their price target on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.31.

Las Vegas Sands Price Performance

Shares of LVS opened at $46.12 on Thursday. Las Vegas Sands has a 1-year low of $44.21 and a 1-year 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. The stock has a market cap of $30.56 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. The firm has a fifty day moving average price of $48.24 and a 200 day moving average price of $53.22.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 117.08%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. As a group, sell-side analysts anticipate that Las Vegas Sands will post 3.31 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Las Vegas Sands by 8.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after purchasing an additional 2,418 shares during the last quarter. Woodline Partners LP raised its stake in shares of Las Vegas Sands by 38.9% during the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after buying an additional 8,132 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Las Vegas Sands by 91.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock worth $93,000 after acquiring an additional 1,027 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Las Vegas Sands in the second quarter valued at approximately $414,000. Finally, Cerity Partners LLC increased its stake in shares of Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after purchasing an additional 7,243 shares in the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Key Las Vegas Sands News

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

About Las Vegas Sands

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.