Las Vegas Sands Corp. (NYSE:LVS) Receives $58.00 Consensus PT from Analysts

Shares of Las Vegas Sands Corp. (NYSE:LVS) have received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat 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 brokerages that have updated their coverage on the stock in the last year is $58.00.

Several research firms recently weighed in on LVS. Susquehanna lifted their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. Stifel Nicolaus raised their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Macquarie dropped their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Barclays raised their target price on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Morgan Stanley raised their target price on shares of Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd.

Insider Activity

In other news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the sale, the chief executive officer now directly owns 84,511 shares in the company, valued at $4,540,776.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the transaction, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Goldstein sold 119,221 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the completion of the transaction, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at $4,540,776.03. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Las Vegas Sands

Several hedge funds and other institutional investors have recently made changes to their positions in LVS. Janney Montgomery Scott LLC boosted its position in Las Vegas Sands by 49.9% during the first quarter. Janney Montgomery Scott LLC now owns 21,317 shares of the casino operator’s stock worth $1,102,000 after purchasing an additional 7,099 shares during the period. Empirical Finance LLC boosted its position in Las Vegas Sands by 4.2% during the first quarter. Empirical Finance LLC now owns 11,548 shares of the casino operator’s stock worth $597,000 after purchasing an additional 461 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in Las Vegas Sands by 14.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,820 shares of the casino operator’s stock worth $508,000 after purchasing an additional 1,211 shares during the period. Empowered Funds LLC bought a new position in Las Vegas Sands during the first quarter worth $265,000. Finally, Forsta AP Fonden boosted its position in Las Vegas Sands by 99.9% during the first quarter. Forsta AP Fonden now owns 148,500 shares of the casino operator’s stock worth $7,677,000 after purchasing an additional 74,200 shares during the period. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Stock Up 0.5 %

Las Vegas Sands stock opened at $49.53 on Friday. The company’s 50 day simple moving average is $48.19 and its 200 day simple moving average is $44.66. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The firm has a market capitalization of $35.91 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.30 and a beta of 1.11. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the business earned $0.55 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Las Vegas Sands will post 2.33 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.62%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

About Las Vegas Sands

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.