Morgan Stanley Cuts Las Vegas Sands (NYSE:LVS) Price Target to $50.00

Las Vegas Sands (NYSE:LVS) had its price target trimmed by Morgan Stanley from $55.00 to $50.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an overweight rating on the casino operator’s stock.

Other equities research analysts have also issued research reports about the stock. UBS Group lowered shares of Las Vegas Sands from a buy rating to a neutral rating and decreased their price objective for the company from $70.00 to $49.00 in a research note on Friday, August 23rd. Argus lowered shares of Las Vegas Sands from a buy rating to a hold rating in a research note on Thursday, August 15th. Barclays decreased their price target on shares of Las Vegas Sands from $57.00 to $52.00 and set an overweight rating for the company in a research note on Thursday, July 25th. StockNews.com lowered shares of Las Vegas Sands from a buy rating to a hold rating in a research note on Thursday, July 25th. Finally, Macquarie decreased their price target on shares of Las Vegas Sands from $58.00 to $56.00 and set an outperform rating for the company in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Las Vegas Sands currently has a consensus rating of Moderate Buy and an average price target of $55.25.

Las Vegas Sands Trading Down 0.7 %

LVS opened at $39.70 on Wednesday. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. The firm has a market capitalization of $29.58 billion, a PE ratio of 19.18, a P/E/G ratio of 1.07 and a beta of 1.11. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The company’s 50-day moving average is $40.37 and its 200 day moving average is $45.52.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. As a group, research analysts predict that Las Vegas Sands will post 2.45 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.02%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank & Trust Co bought a new position in Las Vegas Sands in the 2nd quarter worth approximately $29,000. Accent Capital Management LLC bought a new position in Las Vegas Sands in the 4th quarter valued at $39,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Las Vegas Sands by 93.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 437 shares during the period. Vestor Capital LLC bought a new position in Las Vegas Sands in the 4th quarter valued at $42,000. Finally, Fidelis Capital Partners LLC bought a new position in Las Vegas Sands in the 1st quarter valued at $43,000. 39.16% of the stock is owned by institutional investors.

About Las Vegas Sands

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.