Las Vegas Sands (NYSE:LVS) Stock Gets Price Target Reduction from Jefferies Financial Group

Las Vegas Sands (NYSE:LVS) had its price target cut by Jefferies Financial Group from $40.00 to $37.00 in a report released on Thursday,Benzinga reports. They currently have a hold rating on the casino operator’s stock.

Several other research analysts have also recently issued reports on LVS. HC Wainwright cut shares of Las Vegas Sands to a “neutral” rating in a report on Thursday, July 30th. Seaport Research Partners lowered their price objective on Las Vegas Sands from $69.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Barclays dropped their target price on Las Vegas Sands from $57.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. cut their target price on Las Vegas Sands from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, October 20th. Finally, UBS Group set a $52.00 target price on Las Vegas Sands in a research note on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.28.

Las Vegas Sands Stock Down 2.4%

Shares of Las Vegas Sands stock opened at $35.64 on Thursday. Las Vegas Sands has a one year low of $35.03 and a one year high of $70.45. The company has a market cap of $23.08 billion, a P/E ratio of 14.61, a PEG ratio of 0.96 and a beta of 0.78. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a fifty day moving average of $40.84 and a two-hundred day moving average of $46.65.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 21st. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.14). Las Vegas Sands had a net margin of 11.85% and a return on equity of 129.62%. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the firm earned $0.78 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. On average, analysts forecast that Las Vegas Sands will post 2.90 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, November 2nd. Las Vegas Sands’s payout ratio is presently 49.18%.

Hedge Funds Weigh In On Las Vegas Sands

Large investors have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new stake in shares of Las Vegas Sands in the third quarter valued at about $32,000. Geneos Wealth Management Inc. boosted its holdings in Las Vegas Sands by 73.4% during the first quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator’s stock worth $48,000 after buying an additional 375 shares in the last quarter. Covestor Ltd boosted its holdings in Las Vegas Sands by 174.6% during the second quarter. Covestor Ltd now owns 1,634 shares of the casino operator’s stock worth $75,000 after buying an additional 1,039 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Las Vegas Sands during the second quarter worth about $86,000. Finally, Pension & Wealth Management Advisors Inc. grew its position in Las Vegas Sands by 13.9% during the second quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator’s stock worth $93,000 after buying an additional 245 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands News Roundup

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: The board raised its 2027 dividend by 20%, while the company continues returning capital through repurchases. Buybacks have reduced the share count by roughly 19% over the past 12 quarters. LVS 3Q net income dips 27pct y-o-y, board ups 2027 dividend by 20pct
• Positive Sentiment: Las Vegas Sands reported that its Macao mass-gaming market share reached 26.1%, supporting the company’s strategy of investing further in Macao. Its stake in Sands China has risen above 75.5%. Las Vegas Sands: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Management characterized the quarter as potentially “aberrational” and remained upbeat about the longer-term outlook, including recovery potential in high-end play and continued global demand. LVS chairman Dumont calls 3Q aberrational
• Neutral Sentiment: Analyst sentiment is mixed. Mizuho kept an “outperform” rating despite cutting its price target to $54, while Bank of America lowered its target to $45 and maintained “neutral.” Jefferies reduced its target to $37 and kept a “hold” rating. BofA Securities Adjusts Las Vegas Sands Price Target
• Negative Sentiment: Third-quarter revenue was $3.22 billion, below the $3.33 billion FactSet consensus, while adjusted earnings of $0.54 per share missed estimates near $0.68–$0.71. Revenue declined 3.5% year over year. LVS Earnings Flash
• Negative Sentiment: Net income fell 27% year over year as soft premium gaming in Macao and Singapore, along with higher costs, pressured profitability. JPMorgan also reduced its fourth-quarter forecasts, citing uncertainty around a high-end recovery. LVS Q3 Earnings and Revenues Miss

About Las Vegas Sands

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.