Las Vegas Sands Corp. (NYSE:LVS) Receives $55.25 Average PT from Brokerages

Las Vegas Sands Corp. (NYSE:LVS) has earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $55.25.

A number of research firms have recently issued reports on LVS. Wells Fargo & Company reduced their price target on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Jefferies Financial Group decreased their target price on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Stifel Nicolaus cut their price target on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, Morgan Stanley lowered their price objective on Las Vegas Sands from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th.

Las Vegas Sands Price Performance

Shares of LVS stock opened at $41.98 on Friday. The firm has a fifty day moving average of $40.02 and a two-hundred day moving average of $44.55. The firm has a market cap of $31.28 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.12 and a beta of 1.11. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $55.65. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Las Vegas Sands will post 2.46 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.91%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s payout ratio is currently 38.65%.

Hedge Funds Weigh In On Las Vegas Sands

Institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Las Vegas Sands by 987.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,549,615 shares of the casino operator’s stock worth $245,570,000 after acquiring an additional 5,039,072 shares during the period. Vanguard Group Inc. boosted its stake in Las Vegas Sands by 13.1% during the 4th quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock valued at $1,815,760,000 after purchasing an additional 4,264,043 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Las Vegas Sands by 58.6% during the 1st quarter. Janus Henderson Group PLC now owns 5,330,023 shares of the casino operator’s stock valued at $275,559,000 after purchasing an additional 1,968,941 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Las Vegas Sands by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after buying an additional 1,536,754 shares in the last quarter. Finally, Ghisallo Capital Management LLC bought a new stake in shares of Las Vegas Sands in the 4th quarter worth $73,815,000. Institutional investors own 39.16% of the company’s stock.

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.