Las Vegas Sands (NYSE:LVS) Given Hold Rating at Jefferies Financial Group

Key Points

• Jefferies reiterated a "hold" on Las Vegas Sands with a $61 price target (≈12.2% upside), while the Street consensus is a "Moderate Buy" (11 Buys, 7 Holds) with an average target of $67.86.
• Las Vegas Sands beat expectations on Jan. 28, reporting $0.85 EPS vs. $0.77 expected and $3.65B revenue vs. $3.33B expected, with revenue up 26% year‑over‑year and a 12.5% net margin.
• CEO Patrick Dumont sold 60,165 shares in March for about $3.29M (a 10.5% reduction in his position); LVS trades near $54.37 with a $36.1B market cap and a 52‑week range of $30.18–$70.45.

Las Vegas Sands (NYSE:LVS - Get Free Report)'s stock had its "hold" rating restated by analysts at Jefferies Financial Group in a note issued to investors on Monday, MarketBeat reports. They presently have a $61.00 price target on the casino operator's stock. Jefferies Financial Group's target price would indicate a potential upside of 12.20% from the stock's current price.

Several other research analysts also recently commented on LVS. Wall Street Zen downgraded shares of Las Vegas Sands from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 14th. Macquarie Infrastructure reiterated an "outperform" rating and issued a $70.00 price objective on shares of Las Vegas Sands in a research report on Thursday, January 29th. The Goldman Sachs Group dropped their price objective on Las Vegas Sands from $80.00 to $73.00 and set a "buy" rating for the company in a research note on Thursday, January 29th. Argus decreased their target price on Las Vegas Sands from $80.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Las Vegas Sands from $76.00 to $77.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $67.86.

Las Vegas Sands Trading Up 0.0%

Shares of LVS opened at $54.37 on Monday. The business's 50-day moving average price is $55.56 and its 200-day moving average price is $58.81. Las Vegas Sands has a twelve month low of $30.18 and a twelve month high of $70.45. The stock has a market cap of $36.08 billion, a PE ratio of 23.23, a P/E/G ratio of 1.37 and a beta of 0.89. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 7.58.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.08. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.33 billion. Las Vegas Sands had a net margin of 12.50% and a return on equity of 91.40%. Las Vegas Sands's revenue was up 26.0% compared to the same quarter last year. During the same period last year, the business earned $0.54 earnings per share. On average, equities analysts forecast that Las Vegas Sands will post 2.6 EPS for the current fiscal year.

Insider Activity at Las Vegas Sands

In other news, CEO Patrick Dumont sold 60,165 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $54.75, for a total value of $3,294,033.75. Following the completion of the sale, the chief executive officer directly owned 511,942 shares in the company, valued at approximately $28,028,824.50. The trade was a 10.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company's stock.

Institutional Trading of Las Vegas Sands

Several hedge funds have recently added to or reduced their stakes in LVS. Allianz Asset Management GmbH lifted its position in Las Vegas Sands by 358.4% in the third quarter. Allianz Asset Management GmbH now owns 227,278 shares of the casino operator's stock valued at $12,225,000 after purchasing an additional 177,695 shares during the last quarter. Maple Rock Capital Partners Inc. raised its holdings in Las Vegas Sands by 124.4% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,003,880 shares of the casino operator's stock valued at $43,679,000 after buying an additional 556,440 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in Las Vegas Sands during the 3rd quarter valued at $2,143,000. Nordea Investment Management AB grew its holdings in Las Vegas Sands by 99.5% in the 4th quarter. Nordea Investment Management AB now owns 934,927 shares of the casino operator's stock worth $60,901,000 after acquiring an additional 466,330 shares during the last quarter. Finally, National Pension Service purchased a new position in shares of Las Vegas Sands in the third quarter valued at about $1,262,000. 39.16% of the stock is owned by institutional investors.

About Las Vegas Sands

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.

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