Las Vegas Sands (NYSE:LVS) Rating Lowered to Sell at ValuEngine

Las Vegas Sands (NYSE:LVS) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday, ValuEngine reports.

A number of other analysts also recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Las Vegas Sands from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Tuesday, September 17th. UBS Group dropped their target price on shares of Las Vegas Sands from $63.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. JPMorgan Chase & Co. dropped their target price on shares of Las Vegas Sands from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Standpoint Research started coverage on shares of Las Vegas Sands in a research report on Wednesday, September 4th. They set a “buy” rating for the company. Finally, Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $68.22.

LVS traded up $0.27 on Friday, reaching $64.08. 2,280,596 shares of the company’s stock were exchanged, compared to its average volume of 4,306,754. The company’s 50 day moving average is $58.59 and its 200-day moving average is $59.26. The company has a market cap of $49.01 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 5.93 and a beta of 1.61. Las Vegas Sands has a twelve month low of $47.39 and a twelve month high of $69.60. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.59 and a current ratio of 1.60.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 23rd. The casino operator reported $0.75 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.75. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.30 billion. Las Vegas Sands had a net margin of 13.86% and a return on equity of 37.04%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Sell-side analysts forecast that Las Vegas Sands will post 3.15 EPS for the current year.

In other Las Vegas Sands news, General Counsel Kathleen Bender Patton sold 2,008 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $35.60, for a total value of $71,484.80. Also, EVP Lawrence A. Jacobs sold 66,667 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $60.16, for a total transaction of $4,010,686.72. Following the completion of the sale, the executive vice president now directly owns 66,667 shares of the company’s stock, valued at approximately $4,010,686.72. The disclosure for this sale can be found here. 10.50% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of LVS. Manchester Financial Inc. purchased a new position in shares of Las Vegas Sands during the 2nd quarter valued at approximately $26,000. Venturi Wealth Management LLC purchased a new position in shares of Las Vegas Sands during the 3rd quarter valued at approximately $27,000. Manchester Capital Management LLC boosted its stake in shares of Las Vegas Sands by 164.8% during the 2nd quarter. Manchester Capital Management LLC now owns 482 shares of the casino operator’s stock valued at $28,000 after buying an additional 300 shares during the last quarter. Lenox Wealth Advisors LLC boosted its stake in shares of Las Vegas Sands by 247.1% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 486 shares of the casino operator’s stock valued at $28,000 after buying an additional 346 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Las Vegas Sands by 195.6% during the 3rd quarter. Allworth Financial LP now owns 538 shares of the casino operator’s stock valued at $31,000 after buying an additional 356 shares during the last quarter. 36.94% of the stock is owned by institutional investors.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

Featured Article: Are FAANG stocks a good investment?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.