Las Vegas Sands (NYSE:LVS) Stock Gets Price Target Cut from Bank of America

Las Vegas Sands (NYSE:LVS) had its price objective trimmed by Bank of America from $50.00 to $45.00 in a report released on Thursday, MarketBeat.com reports. The firm currently has a neutral rating on the casino operator’s stock.

Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus decreased their price objective on Las Vegas Sands from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday. Morgan Stanley dropped their target price on shares of Las Vegas Sands from $61.00 to $55.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Jefferies Financial Group cut their price target on shares of Las Vegas Sands from $52.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, July 23rd. Mizuho reduced their price target on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $62.00 price target (down from $73.00) on shares of Las Vegas Sands in a report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.28.

Las Vegas Sands Stock Performance

LVS stock opened at $35.64 on Thursday. The business’s 50-day moving average price is $40.84 and its two-hundred day moving average price is $46.65. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27. The firm has a market cap of $23.08 billion, a PE ratio of 14.61, a P/E/G ratio of 0.96 and a beta of 0.78. Las Vegas Sands has a 1-year low of $35.03 and a 1-year high of $70.45.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 21st. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.14). The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.33 billion. Las Vegas Sands had a return on equity of 129.62% and a net margin of 11.85%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. As a group, research analysts forecast that Las Vegas Sands will post 2.90 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Monday, November 2nd will be paid a $0.30 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.20 annualized dividend and a yield of 3.4%. Las Vegas Sands’s payout ratio is presently 49.18%.

Hedge Funds Weigh In On Las Vegas Sands

Several hedge funds have recently made changes to their positions in LVS. Root Financial Partners LLC bought a new stake in shares of Las Vegas Sands in the third quarter worth $32,000. Geneos Wealth Management Inc. boosted its holdings in Las Vegas Sands by 73.4% during the first quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator’s stock worth $48,000 after purchasing an additional 375 shares during the last quarter. Covestor Ltd boosted its holdings in Las Vegas Sands by 174.6% during the second quarter. Covestor Ltd now owns 1,634 shares of the casino operator’s stock worth $75,000 after purchasing an additional 1,039 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Las Vegas Sands during the second quarter worth $86,000. Finally, Pension & Wealth Management Advisors Inc. grew its position in Las Vegas Sands by 13.9% in the second quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator’s stock valued at $93,000 after purchasing an additional 245 shares in the last quarter. 39.16% of the stock is owned by institutional investors.

Key Stories Impacting Las Vegas Sands

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

• Positive Sentiment: The board raised its 2027 dividend by 20%, while the company continues returning capital through repurchases. Buybacks have reduced the share count by roughly 19% over the past 12 quarters. LVS 3Q net income dips 27pct y-o-y, board ups 2027 dividend by 20pct
• Positive Sentiment: Las Vegas Sands reported that its Macao mass-gaming market share reached 26.1%, supporting the company’s strategy of investing further in Macao. Its stake in Sands China has risen above 75.5%. Las Vegas Sands: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Management characterized the quarter as potentially “aberrational” and remained upbeat about the longer-term outlook, including recovery potential in high-end play and continued global demand. LVS chairman Dumont calls 3Q aberrational
• Neutral Sentiment: Analyst sentiment is mixed. Mizuho kept an “outperform” rating despite cutting its price target to $54, while Bank of America lowered its target to $45 and maintained “neutral.” Jefferies reduced its target to $37 and kept a “hold” rating. BofA Securities Adjusts Las Vegas Sands Price Target
• Negative Sentiment: Third-quarter revenue was $3.22 billion, below the $3.33 billion FactSet consensus, while adjusted earnings of $0.54 per share missed estimates near $0.68–$0.71. Revenue declined 3.5% year over year. LVS Earnings Flash
• Negative Sentiment: Net income fell 27% year over year as soft premium gaming in Macao and Singapore, along with higher costs, pressured profitability. JPMorgan also reduced its fourth-quarter forecasts, citing uncertainty around a high-end recovery. LVS Q3 Earnings and Revenues Miss

Las Vegas Sands Company Profile

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.