Las Vegas Sands (NYSE:LVS) Rating Lowered to Hold at Jefferies Financial Group

Jefferies Financial Group lowered shares of Las Vegas Sands (NYSE:LVS) from a buy rating to a hold rating in a research note published on Friday, PriceTargets.com reports. Jefferies Financial Group currently has $40.00 target price on the casino operator’s stock, down from their prior target price of $60.00.

Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reiterated a buy rating and set a $73.00 price target on shares of Las Vegas Sands in a research report on Thursday, July 22nd. Wells Fargo & Company assumed coverage on Las Vegas Sands in a research note on Tuesday. They issued an equal weight rating and a $50.00 target price on the stock. Morgan Stanley lowered their price target on shares of Las Vegas Sands from $58.00 to $53.00 and set an equal weight rating for the company in a research report on Thursday, July 22nd. JPMorgan Chase & Co. cut shares of Las Vegas Sands from an overweight rating to a neutral rating and dropped their price objective for the stock from $59.00 to $38.00 in a report on Thursday. Finally, TheStreet lowered shares of Las Vegas Sands from a c- rating to a d+ rating in a research note on Friday, July 23rd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $55.96.

Shares of NYSE:LVS opened at $38.17 on Friday. The company’s fifty day moving average is $42.92 and its two-hundred day moving average is $53.09. The company has a debt-to-equity ratio of 4.88, a quick ratio of 2.19 and a current ratio of 2.19. Las Vegas Sands has a 1-year low of $36.15 and a 1-year high of $66.76. The stock has a market capitalization of $29.16 billion, a price-to-earnings ratio of -21.94 and a beta of 1.38.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Tuesday, July 20th. The casino operator reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09). Las Vegas Sands had a negative net margin of 32.53% and a negative return on equity of 35.02%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the company earned ($1.05) EPS. Las Vegas Sands’s quarterly revenue was up 1096.9% on a year-over-year basis. Sell-side analysts expect that Las Vegas Sands will post -0.75 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in Las Vegas Sands by 17.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,384,132 shares of the casino operator’s stock valued at $1,360,060,000 after buying an additional 3,393,063 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Las Vegas Sands by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 28,141,973 shares of the casino operator’s stock valued at $1,482,802,000 after purchasing an additional 1,691,201 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Las Vegas Sands by 33.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,951,420 shares of the casino operator’s stock worth $313,580,000 after purchasing an additional 1,504,746 shares during the last quarter. Boston Partners raised its holdings in shares of Las Vegas Sands by 26.9% in the 2nd quarter. Boston Partners now owns 6,823,626 shares of the casino operator’s stock worth $359,414,000 after purchasing an additional 1,445,974 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Las Vegas Sands during the first quarter valued at approximately $78,919,000. Hedge funds and other institutional investors own 36.81% of the company’s stock.

About Las Vegas Sands

Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the following geographic segments: Macao, Singapore and United States. The Macao segment handles the operations of The Venetian Macao, Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao and Sands Macao.

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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