Las Vegas Sands (NYSE:LVS) Price Target Cut to $69.00 by Analysts at Seaport Research Partners

Las Vegas Sands (NYSE:LVS) had its target price lowered by analysts at Seaport Research Partners from $72.00 to $69.00 in a research report issued on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the casino operator’s stock. Seaport Research Partners’ target price points to a potential upside of 20.27% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Las Vegas Sands in a research note on Monday, December 29th. Morgan Stanley reiterated a “mixed” rating on shares of Las Vegas Sands in a research report on Wednesday, April 8th. Mizuho increased their price objective on Las Vegas Sands from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. The Goldman Sachs Group dropped their price objective on Las Vegas Sands from $80.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Finally, HSBC upped their target price on shares of Las Vegas Sands from $67.50 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands has an average rating of “Moderate Buy” and an average target price of $67.84.

Las Vegas Sands Stock Up 0.3%

LVS stock opened at $57.37 on Tuesday. The firm has a 50-day moving average price of $55.14 and a 200-day moving average price of $58.93. Las Vegas Sands has a 12 month low of $32.83 and a 12 month high of $70.45. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 7.58. The stock has a market capitalization of $38.07 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 1.45 and a beta of 0.89.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Las Vegas Sands had a net margin of 12.50% and a return on equity of 91.40%. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. As a group, equities research analysts anticipate that Las Vegas Sands will post 3.18 EPS for the current fiscal year.

Insider Activity at Las Vegas Sands

In other news, CEO Patrick Dumont sold 60,165 shares of Las Vegas Sands stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total value of $3,294,033.75. Following the transaction, the chief executive officer owned 511,942 shares in the company, valued at approximately $28,028,824.50. The trade was a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Las Vegas Sands

Institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC raised its position in Las Vegas Sands by 222.7% in the 4th quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock worth $592,223,000 after buying an additional 6,279,390 shares during the last quarter. Norges Bank purchased a new position in shares of Las Vegas Sands during the fourth quarter valued at approximately $364,892,000. Arrowstreet Capital Limited Partnership lifted its position in Las Vegas Sands by 410.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator’s stock valued at $277,963,000 after purchasing an additional 4,154,753 shares during the period. M&T Bank Corp increased its stake in shares of Las Vegas Sands by 33,102.6% in the fourth quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator’s stock worth $197,463,000 after purchasing an additional 3,051,071 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Las Vegas Sands by 43.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,454,013 shares of the casino operator’s stock worth $293,371,000 after buying an additional 1,660,823 shares during the period. Institutional investors own 39.16% of the company’s stock.

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.