Las Vegas Sands (NYSE:LVS) Stock Rating Lowered by Zacks Research

Las Vegas Sands (NYSE:LVS) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

A number of other research analysts have also issued reports on LVS. JPMorgan Chase & Co. lowered their target price on shares of Las Vegas Sands from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. Wells Fargo & Company decreased their price target on shares of Las Vegas Sands from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, October 22nd. Citigroup began coverage on Las Vegas Sands in a research note on Monday, October 12th. They issued a “buy” rating and a $71.50 price objective on the stock. The Goldman Sachs Group set a $41.00 price objective on Las Vegas Sands in a research report on Thursday, October 22nd. Finally, Seaport Research Partners cut their target price on shares of Las Vegas Sands from $69.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.28.

Las Vegas Sands Trading Up 6.4%

Shares of NYSE:LVS opened at $40.70 on Tuesday. The firm has a fifty day moving average of $39.45 and a two-hundred day moving average of $48.73. The firm has a market capitalization of $25.52 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 0.89 and a beta of 0.78. Las Vegas Sands has a 12-month low of $35.03 and a 12-month high of $70.45. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 15.27.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 21st. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.14). The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.33 billion. Las Vegas Sands had a net margin of 11.85% and a return on equity of 177.43%. Las Vegas Sands’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. On average, equities analysts expect that Las Vegas Sands will post 2.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Pension & Wealth Management Advisors Inc. increased its holdings in shares of Las Vegas Sands by 13.9% in the second quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator’s stock valued at $93,000 after purchasing an additional 245 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in Las Vegas Sands by 0.4% in the first quarter. Resona Asset Management Co. Ltd. now owns 92,093 shares of the casino operator’s stock valued at $4,921,000 after acquiring an additional 331 shares during the last quarter. Center for Financial Planning Inc. grew its holdings in Las Vegas Sands by 24.2% during the 3rd quarter. Center for Financial Planning Inc. now owns 1,788 shares of the casino operator’s stock worth $68,000 after acquiring an additional 348 shares during the period. Geneos Wealth Management Inc. grew its holdings in Las Vegas Sands by 73.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator’s stock worth $48,000 after acquiring an additional 375 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Las Vegas Sands by 1.0% during the 1st quarter. Janus Henderson Group PLC now owns 40,491 shares of the casino operator’s stock worth $2,132,000 after acquiring an additional 397 shares during the period. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Company Profile

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.