Barclays Increases Las Vegas Sands (NYSE:LVS) Price Target to $58.00

Las Vegas Sands (NYSE:LVS) had its price objective increased by Barclays from $52.00 to $58.00 in a report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the casino operator’s stock.

Several other equities analysts have also recently issued reports on the company. StockNews.com cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Stifel Nicolaus reduced their target price on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, Wells Fargo & Company boosted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and a consensus price target of $57.42.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock opened at $51.55 on Thursday. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. The business’s 50 day simple moving average is $44.20 and its two-hundred day simple moving average is $44.37. The stock has a market capitalization of $38.41 billion, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12. Las Vegas Sands has a one year low of $36.62 and a one year high of $55.65.

Las Vegas Sands (NYSE:LVS) last announced 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). The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. Las Vegas Sands’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. Analysts forecast that Las Vegas Sands will post 2.45 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CVA Family Office LLC increased its position in shares of Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 304 shares in the last quarter. Bank & Trust Co bought a new stake in shares of Las Vegas Sands in the 2nd quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after purchasing an additional 437 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Las Vegas Sands during the first quarter valued at $43,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares in the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

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.