Morgan Stanley Issues Pessimistic Forecast for Las Vegas Sands (NYSE:LVS) Stock Price

Las Vegas Sands (NYSE:LVS) had its price objective reduced by stock analysts at Morgan Stanley from $51.00 to $49.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the casino operator’s stock. Morgan Stanley’s price objective would indicate a potential upside of 10.33% from the stock’s current price.

Several other research firms also recently weighed in on LVS. JPMorgan Chase & Co. decreased their price target on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Barclays reduced their target price on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Citigroup raised their price target on shares of Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Macquarie increased their price objective on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.42.

Las Vegas Sands Stock Down 1.5 %

LVS opened at $44.41 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. Las Vegas Sands has a twelve month low of $36.62 and a twelve month high of $56.60. The company has a market cap of $31.80 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.41 and a beta of 1.08. The company has a 50-day moving average price of $46.43 and a 200 day moving average price of $47.26.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. Sell-side analysts expect that Las Vegas Sands will post 2.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new position in Las Vegas Sands in the third quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Las Vegas Sands during the 4th quarter worth about $26,000. UMB Bank n.a. increased its holdings in shares of Las Vegas Sands by 73.5% in the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock valued at $30,000 after acquiring an additional 247 shares during the last quarter. Optiver Holding B.V. acquired a new stake in shares of Las Vegas Sands during the 4th quarter worth about $32,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Las Vegas Sands during the 3rd quarter worth about $34,000. 39.16% of the stock is owned by institutional investors and hedge funds.

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.