Las Vegas Sands (NYSE:LVS) PT Lowered to $53.00 at Morgan Stanley

Las Vegas Sands (NYSE:LVS) had its target price lowered by stock analysts at Morgan Stanley from $58.00 to $53.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the casino operator’s stock. Morgan Stanley’s target price suggests a potential upside of 7.24% from the stock’s current price.

LVS has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Las Vegas Sands from a “sell” rating to a “hold” rating and set a $63.00 price objective for the company in a research note on Tuesday, March 30th. Jefferies Financial Group raised their price objective on shares of Las Vegas Sands from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, April 19th. Finally, Credit Suisse Group raised their price objective on shares of Las Vegas Sands from $58.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, April 22nd. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Las Vegas Sands has an average rating of “Buy” and an average target price of $61.32.

Shares of Las Vegas Sands stock opened at $49.42 on Thursday. The company has a debt-to-equity ratio of 4.52, a quick ratio of 2.27 and a current ratio of 2.28. The stock has a 50-day simple moving average of $54.10. The company has a market cap of $37.76 billion, a price-to-earnings ratio of -19.30 and a beta of 1.42. Las Vegas Sands has a 1 year low of $42.58 and a 1 year high of $66.76.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Tuesday, July 20th. The casino operator reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.09). The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.39 billion. Las Vegas Sands had a negative return on equity of 47.40% and a negative net margin of 64.84%. The firm’s revenue was up 1096.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.05) earnings per share. Equities analysts anticipate that Las Vegas Sands will post -0.12 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley boosted its holdings in shares of Las Vegas Sands by 103.3% in the fourth quarter. Morgan Stanley now owns 2,251,211 shares of the casino operator’s stock worth $134,172,000 after buying an additional 1,143,970 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Las Vegas Sands in the first quarter worth approximately $41,979,000. UBS Asset Management Americas Inc. lifted its holdings in Las Vegas Sands by 43.2% during the first quarter. UBS Asset Management Americas Inc. now owns 1,912,914 shares of the casino operator’s stock valued at $116,229,000 after purchasing an additional 576,642 shares in the last quarter. Boston Private Wealth LLC lifted its holdings in Las Vegas Sands by 4.8% during the first quarter. Boston Private Wealth LLC now owns 250,423 shares of the casino operator’s stock valued at $15,215,000 after purchasing an additional 11,469 shares in the last quarter. Finally, Long Pond Capital LP lifted its holdings in Las Vegas Sands by 46.3% during the first quarter. Long Pond Capital LP now owns 1,942,612 shares of the casino operator’s stock valued at $118,033,000 after purchasing an additional 614,694 shares in the last quarter. 38.15% of the stock is currently 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 Londoner Macao, 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 Marina Bay Sands in Singapore.

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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