UBS Group Lowers Las Vegas Sands (NYSE:LVS) Price Target to $62.00

Las Vegas Sands (NYSE:LVS) had its price objective lowered by UBS Group from $63.00 to $62.00 in a report issued on Friday morning, BenzingaRatingsTable reports. UBS Group currently has a neutral rating on the casino operator’s stock.

A number of other brokerages also recently issued reports on LVS. Deutsche Bank upgraded shares of Las Vegas Sands from a hold rating to a buy rating and increased their price target for the company from $69.00 to $70.00 in a report on Sunday, September 8th. Zacks Investment Research upgraded shares of Las Vegas Sands from a hold rating to a buy rating and set a $66.00 price target for the company in a report on Wednesday, May 22nd. Argus downgraded shares of Las Vegas Sands from a buy rating to a hold rating in a report on Tuesday, August 20th. Morgan Stanley cut their price target on shares of Las Vegas Sands from $71.00 to $68.00 and set an overweight rating for the company in a report on Thursday, June 6th. Finally, Standpoint Research started coverage on shares of Las Vegas Sands in a report on Wednesday, September 4th. They issued a buy rating for the company. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $67.36.

Shares of LVS opened at $59.64 on Friday. The company has a 50-day simple moving average of $55.86 and a 200-day simple moving average of $60.29. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $46.30 billion, a PE ratio of 17.96, a P/E/G ratio of 7.91 and a beta of 1.60. Las Vegas Sands has a 52-week low of $47.39 and a 52-week high of $69.60.



Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.09). The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Las Vegas Sands had a net margin of 14.01% and a return on equity of 35.77%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. On average, research analysts anticipate that Las Vegas Sands will post 3.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Wednesday, September 18th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $3.08 annualized dividend and a yield of 5.16%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 92.77%.

In other Las Vegas Sands news, EVP Lawrence A. Jacobs sold 66,667 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $60.16, for a total transaction of $4,010,686.72. Following the completion of the transaction, the executive vice president now directly owns 66,667 shares in the company, valued at approximately $4,010,686.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.50% of the company’s stock.

A number of large investors have recently bought and sold shares of LVS. Manchester Financial Inc. purchased a new stake in shares of Las Vegas Sands during the second quarter worth about $26,000. Manchester Capital Management LLC grew its holdings in shares of Las Vegas Sands by 164.8% during the second quarter. Manchester Capital Management LLC now owns 482 shares of the casino operator’s stock worth $28,000 after buying an additional 300 shares in the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of Las Vegas Sands during the first quarter worth about $32,000. Berman Capital Advisors LLC grew its holdings in shares of Las Vegas Sands by 88.1% during the first quarter. Berman Capital Advisors LLC now owns 585 shares of the casino operator’s stock worth $35,000 after buying an additional 274 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Las Vegas Sands by 49.0% during the first quarter. Rehmann Capital Advisory Group now owns 605 shares of the casino operator’s stock worth $37,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 36.29% of the company’s stock.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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