Susquehanna Cuts Las Vegas Sands (NYSE:LVS) Price Target to $63.00

Las Vegas Sands (NYSE:LVS) had its target price cut by Susquehanna from $64.00 to $63.00 in a research report report published on Wednesday morning, Marketbeat reports. They currently have a positive rating on the casino operator’s stock.

A number of other equities analysts have also recently commented on LVS. Wells Fargo & Company dropped their price target on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. Stifel Nicolaus increased their price objective on shares of Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. HSBC raised their price objective on shares of Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Weiss Ratings lowered Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Finally, Barclays cut their target price on Las Vegas Sands from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.31.

Las Vegas Sands Stock Up 0.2%

Shares of LVS opened at $46.12 on Wednesday. The company has a market cap of $30.56 billion, a PE ratio of 17.95, a P/E/G ratio of 1.15 and a beta of 0.83. The business has a fifty day moving average of $48.24 and a 200 day moving average of $53.22. Las Vegas Sands has a 52-week low of $44.21 and a 52-week high of $70.45. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 117.08% and a net margin of 12.59%.The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. On average, sell-side analysts expect that Las Vegas Sands will post 3.31 EPS for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. Las Vegas Sands’s dividend payout ratio is presently 44.44%.

Institutional Investors Weigh In On Las Vegas Sands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LVS. International Assets Investment Management LLC bought a new position in Las Vegas Sands in the 4th quarter worth about $26,000. DV Equities LLC bought a new stake in shares of Las Vegas Sands during the fourth quarter valued at approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Las Vegas Sands during the fourth quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Las Vegas Sands by 254.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 400 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of Las Vegas Sands by 182.4% in the third quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 434 shares during the period. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands News Summary

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

• Positive Sentiment: Investors are still looking beyond near-term weakness because Las Vegas Sands is investing heavily in premium travel demand, including Macau property upgrades and an $8 billion Singapore expansion that could support future growth. Article Title
• Positive Sentiment: Despite the selloff after earnings, some market coverage says LVS is gaining as investors focus on the company’s long-term assets and ignore temporary headwinds. Article Title

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.