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

Las Vegas Sands (NYSE:LVS) had its price target decreased by analysts at JPMorgan Chase & Co. from $60.00 to $54.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the casino operator’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 42.05% from the stock’s previous close.

A number of other research firms also recently issued reports on LVS. Citigroup started coverage on shares of Las Vegas Sands in a report on Monday, October 12th. They issued a “buy” rating and a $71.50 price objective for the company. Barclays lowered their target price on shares of Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. Weiss Ratings downgraded shares of Las Vegas Sands from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. UBS Group set a $52.00 price target on Las Vegas Sands in a research note on Thursday, July 2nd. Finally, Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 30th. Eleven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $58.39.

Las Vegas Sands Stock Performance

Shares of LVS stock traded up $0.01 on Tuesday, hitting $38.02. The company’s stock had a trading volume of 2,200,784 shares, compared to its average volume of 5,066,635. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The stock’s 50 day moving average is $41.55 and its 200-day moving average is $47.09. Las Vegas Sands has a fifty-two week low of $35.28 and a fifty-two week high of $70.45. The company has a market capitalization of $24.62 billion, a PE ratio of 14.78, a PEG ratio of 0.94 and a beta of 0.78.

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 133.90% 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. Equities research analysts expect that Las Vegas Sands will post 3.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its holdings in Las Vegas Sands by 6.5% in the 2nd quarter. State Street Corp now owns 15,159,570 shares of the casino operator’s stock valued at $700,221,000 after buying an additional 919,452 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Las Vegas Sands by 4.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator’s stock worth $462,450,000 after purchasing an additional 396,705 shares during the last quarter. Allianz Asset Management GmbH raised its position in Las Vegas Sands by 36.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 4,617,148 shares of the casino operator’s stock worth $213,266,000 after purchasing an additional 1,244,943 shares during the last quarter. Bamco Inc. NY acquired a new position in Las Vegas Sands during the 2nd quarter worth about $174,796,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Las Vegas Sands by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,780,266 shares of the casino operator’s stock worth $203,616,000 after buying an additional 90,690 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

About Las Vegas Sands

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.