Morgan Stanley Cuts Las Vegas Sands (NYSE:LVS) Price Target to $55.00

Las Vegas Sands (NYSE:LVS) had its price objective decreased by Morgan Stanley from $59.00 to $55.00 in a report released on Friday, Benzinga reports. Morgan Stanley currently has an overweight rating on the casino operator’s stock.

LVS has been the topic of a number of other reports. Stifel Nicolaus cut their price target on Las Vegas Sands from $70.00 to $65.00 and set a buy rating on the stock in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft cut their price target on Las Vegas Sands from $62.00 to $61.00 and set a buy rating on the stock in a research note on Tuesday, July 9th. Jefferies Financial Group cut their price target on Las Vegas Sands from $53.00 to $47.00 and set a hold rating on the stock in a research note on Thursday. Wells Fargo & Company cut their price target on Las Vegas Sands from $60.00 to $58.00 and set an overweight rating on the stock in a research note on Tuesday, July 2nd. Finally, Mizuho lowered their price objective on Las Vegas Sands from $70.00 to $65.00 and set a buy rating for the company in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Las Vegas Sands currently has an average rating of Moderate Buy and an average price target of $61.79.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $42.73 on Friday. The stock’s 50-day simple moving average is $44.52 and its 200 day simple moving average is $48.54. The firm has a market capitalization of $31.84 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96. Las Vegas Sands has a twelve month low of $41.17 and a twelve month high of $61.25.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.13. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. Las Vegas Sands’s revenue was up 34.9% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. On average, analysts anticipate that Las Vegas Sands will post 2.68 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Monday, May 6th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 38.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank & Trust Co acquired a new position in Las Vegas Sands during the second quarter worth $29,000. Delos Wealth Advisors LLC bought a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC lifted its position in shares of Las Vegas Sands by 150.4% during the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after buying an additional 409 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $39,000. Finally, Accent Capital Management LLC bought a new stake in shares of Las Vegas Sands in the 4th quarter worth approximately $39,000. Institutional investors own 39.16% 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 Macao and Singapore. 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.