Macquarie Cuts Las Vegas Sands (NYSE:LVS) Price Target to $58.00

Las Vegas Sands (NYSE:LVS) had its target price decreased by Macquarie from $60.00 to $58.00 in a report published on Tuesday morning, Benzinga reports. Macquarie currently has an outperform rating on the casino operator’s stock.

A number of other equities analysts have also weighed in on LVS. Wells Fargo & Company decreased their target price on Las Vegas Sands from $60.00 to $58.00 and set an overweight rating for the company in a research report on Tuesday, July 2nd. Jefferies Financial Group decreased their target price on Las Vegas Sands from $54.00 to $53.00 and set a hold rating for the company in a research report on Thursday, April 18th. Citigroup boosted their target price on Las Vegas Sands from $74.00 to $75.00 and gave the stock a buy rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. decreased their target price on Las Vegas Sands from $59.00 to $55.00 and set an overweight rating for the company in a research report on Thursday, April 18th. Finally, Mizuho decreased their target price on Las Vegas Sands from $70.00 to $65.00 and set a buy rating for the company in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $62.29.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $42.32 on Tuesday. Las Vegas Sands has a 1-year low of $41.17 and a 1-year high of $61.25. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29. The business has a fifty day moving average price of $44.61 and a 200-day moving average price of $48.59. The company has a market capitalization of $31.53 billion, a PE ratio of 20.44, a PEG ratio of 0.74 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the company earned $0.28 earnings per share. The company’s revenue was up 34.9% on a year-over-year basis. As a group, equities analysts expect that Las Vegas Sands will post 2.69 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.89%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank & Trust Co bought a new position in shares of Las Vegas Sands during the 2nd quarter valued at approximately $29,000. Delos Wealth Advisors LLC bought a new position in Las Vegas Sands in the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC boosted its stake in Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after purchasing an additional 409 shares during the period. Mizuho Securities Co. Ltd. bought a new position in Las Vegas Sands in the 4th quarter worth approximately $39,000. Finally, Accent Capital Management LLC bought a new position in Las Vegas Sands in the 4th quarter worth approximately $39,000. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Company Profile

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.