Argus trims Las Vegas Sands stock target price due to possible challenges

Las Vegas Sands had its target price cut by stock analysts at Argus from $72 to $68, on potential challenges to profitability.

In a research note issued to investors, Argus justified the downward revision by considering multiple factors that impact Las Vegas Sands’ financial performance.
According to the analysts, despite considerable year-over-year growth in revenue of 143.3 percent in the second quarter of this year, LVS reported a negative return on equity of 10.21 percent and a negative net margin of 10.42 percent. 
Such data was said to demonstrate potential challenges facing the company in terms of profitability.
The gaming group has been the target of previous share price downgrades, with Barclays having dropped their target price $70 to $69 last week, and with Jefferies Financial Group citing its rating from "buy" to “hold", and lowering their target price for the stock from $69 to $65.
Sell-side analysts also anticipate that Las Vegas Sands will have post earnings per share of 1.79 for the current fiscal year, a cautiously optimistic approach that shows potential concern over hurdles that may impact overall financial success.

Bricks & Mortar Stock Forecast Stock price LVS Sands China

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