Las Vegas Sands (NYSE:LVS) Lowered to “Sell” at ValuEngine

ValuEngine downgraded shares of Las Vegas Sands (NYSE:LVS) from a hold rating to a sell rating in a research note published on Friday morning, ValuEngine reports.

Several other analysts have also recently commented on LVS. JPMorgan Chase & Co. lowered their target price on shares of Las Vegas Sands from $68.00 to $60.00 and set a neutral rating for the company in a research note on Friday, September 6th. Argus cut shares of Las Vegas Sands from a buy rating to a hold rating in a research note on Tuesday, August 20th. Deutsche Bank raised shares of Las Vegas Sands from a hold rating to a buy rating and lifted their target price for the stock from $69.00 to $70.00 in a research note on Sunday, September 8th. UBS Group lowered their target price on shares of Las Vegas Sands from $63.00 to $62.00 and set a neutral rating for the company in a research note on Friday, September 13th. Finally, Morgan Stanley lowered their target price on shares of Las Vegas Sands from $68.00 to $66.00 and set an overweight rating for the company in a research note on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Las Vegas Sands has an average rating of Hold and an average price target of $68.22.

Shares of LVS traded up $0.27 during mid-day trading on Friday, reaching $64.08. 2,183,362 shares of the company’s stock were exchanged, compared to its average volume of 4,306,754. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. The company has a 50-day simple moving average of $58.59 and a two-hundred day simple moving average of $59.26. Las Vegas Sands has a 52-week low of $47.39 and a 52-week high of $69.60. The company has a market cap of $49.01 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 5.93 and a beta of 1.61.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.75. Las Vegas Sands had a net margin of 13.86% and a return on equity of 37.04%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same period last year, the company posted $0.77 EPS. The company’s revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts predict that Las Vegas Sands will post 3.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.08 annualized dividend and a dividend yield of 4.81%. Las Vegas Sands’s dividend payout ratio is presently 92.77%.

In other news, EVP Lawrence A. Jacobs sold 66,667 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 66,667 shares of the company’s stock, valued at approximately $4,010,686.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Kathleen Bender Patton sold 2,008 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $35.60, for a total transaction of $71,484.80. 10.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Manchester Financial Inc. purchased a new stake in shares of Las Vegas Sands during the 2nd quarter valued at $26,000. Venturi Wealth Management LLC purchased a new stake in shares of Las Vegas Sands during the 3rd quarter valued at $27,000. Manchester Capital Management LLC grew its stake in shares of Las Vegas Sands by 164.8% during the 2nd quarter. Manchester Capital Management LLC now owns 482 shares of the casino operator’s stock valued at $28,000 after buying an additional 300 shares during the period. Lenox Wealth Advisors LLC grew its stake in shares of Las Vegas Sands by 247.1% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 486 shares of the casino operator’s stock valued at $28,000 after buying an additional 346 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Las Vegas Sands by 195.6% during the 3rd quarter. Allworth Financial LP now owns 538 shares of the casino operator’s stock valued at $31,000 after buying an additional 356 shares during the period. 36.94% of the stock is owned by institutional investors.

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.

Further Reading: What are Institutional Investors?

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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