Wells Fargo & Company Issues Pessimistic Forecast for Las Vegas Sands (NYSE:LVS) Stock Price

Las Vegas Sands (NYSE:LVS) had its price target decreased by Wells Fargo & Company from $65.00 to $53.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the casino operator’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 15.57% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. decreased their target price on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Wall Street Zen lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday. UBS Group set a $52.00 price objective on Las Vegas Sands in a report on Thursday, July 2nd. HSBC increased their target price on shares of Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Citigroup cut their target price on shares of Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating on the stock in a research report on Friday. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average price target of $66.06.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS opened at $45.86 on Tuesday. The firm has a market cap of $30.39 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 1.06 and a beta of 0.83. The firm’s 50 day simple moving average is $49.44 and its 200-day simple moving average is $54.41. Las Vegas Sands has a one year low of $45.12 and a one year high of $70.45. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.15. Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s revenue was up 25.3% on a year-over-year basis. As a group, equities analysts predict that Las Vegas Sands will post 3.38 EPS for the current year.

Institutional Trading of Las Vegas Sands

A number of institutional investors have recently made changes to their positions in LVS. Grove Bank & Trust purchased a new position in Las Vegas Sands during the 4th quarter worth $26,000. International Assets Investment Management LLC purchased a new stake in shares of Las Vegas Sands during the fourth quarter worth about $26,000. DV Equities LLC acquired a new position in shares of Las Vegas Sands during the fourth quarter valued at about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Las Vegas Sands in the 4th quarter valued at approximately $29,000. Finally, Wilmington Savings Fund Society FSB boosted its stake in Las Vegas Sands by 254.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Company Profile

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.