Las Vegas Sands (NYSE:LVS) Downgraded to “Hold” Rating by Argus

Las Vegas Sands (NYSE:LVS) was downgraded by equities research analysts at Argus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Marketbeat reports.

Several other research analysts have also issued reports on LVS. Susquehanna reduced their target price on shares of Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating on the stock in a research note on Wednesday, July 22nd. Morgan Stanley decreased their price objective on Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating for the company in a research note on Monday. Barclays cut their target price on Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Citigroup reduced their target price on Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Finally, Mizuho lowered their price target on Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Las Vegas Sands Trading Up 0.7%

LVS opened at $48.60 on Thursday. Las Vegas Sands has a 1-year low of $44.21 and a 1-year high of $70.45. The stock has a market capitalization of $31.48 billion, a PE ratio of 18.91, a PEG ratio of 1.26 and a beta of 0.83. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 15.27. The firm has a 50-day moving average price of $48.13 and a two-hundred day moving average price of $52.84.

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). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. Las Vegas Sands’s revenue for the quarter was down .7% on a year-over-year basis. As a group, equities analysts anticipate that Las Vegas Sands will post 3.13 earnings per share for the current fiscal year.

Institutional Trading of Las Vegas Sands

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