Las Vegas Sands (NYSE:LVS) Rating Lowered to Equal Weight at Morgan Stanley

Morgan Stanley cut shares of Las Vegas Sands (NYSE:LVS) from an overweight rating to an equal weight rating in a report released on Tuesday morning, BenzingaRatingsTable reports. Morgan Stanley currently has $72.00 target price on the casino operator’s stock, up from their previous target price of $65.00.

LVS has been the topic of a number of other research reports. Standpoint Research cut shares of Las Vegas Sands from a buy rating to a hold rating in a research report on Thursday, January 16th. Deutsche Bank lifted their target price on shares of Las Vegas Sands from $70.00 to $75.00 and gave the company a buy rating in a research note on Monday, December 16th. ValuEngine raised shares of Las Vegas Sands from a sell rating to a hold rating in a research note on Thursday, December 12th. Roth Capital reaffirmed a buy rating on shares of Las Vegas Sands in a research note on Thursday, October 24th. Finally, Credit Suisse Group reissued a hold rating and set a $62.00 price objective on shares of Las Vegas Sands in a research note on Monday, October 28th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $68.00.

Shares of Las Vegas Sands stock traded down $2.41 on Tuesday, hitting $67.04. 474,946 shares of the company traded hands, compared to its average volume of 3,013,923. The firm’s 50-day simple moving average is $69.52 and its 200 day simple moving average is $61.65. The company has a current ratio of 1.60, a quick ratio of 1.59 and a debt-to-equity ratio of 1.82. The company has a market cap of $53.34 billion, a P/E ratio of 27.27, a P/E/G ratio of 8.00 and a beta of 1.61. Las Vegas Sands has a 12-month low of $51.17 and a 12-month high of $74.29.

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

A number of large investors have recently bought and sold shares of the stock. State of Michigan Retirement System bought a new stake in Las Vegas Sands during the fourth quarter worth about $5,641,000. Strs Ohio raised its holdings in Las Vegas Sands by 3.8% in the fourth quarter. Strs Ohio now owns 193,903 shares of the casino operator’s stock worth $13,387,000 after buying an additional 7,160 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Las Vegas Sands by 10.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,254 shares of the casino operator’s stock worth $1,812,000 after buying an additional 2,507 shares during the last quarter. Intellectus Partners LLC purchased a new position in Las Vegas Sands in the fourth quarter worth about $839,000. Finally, Sumitomo Life Insurance Co. raised its holdings in Las Vegas Sands by 5.3% in the fourth quarter. Sumitomo Life Insurance Co. now owns 26,046 shares of the casino operator’s stock worth $1,798,000 after buying an additional 1,301 shares during the last quarter. 36.33% of the stock is currently 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 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.

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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