Las Vegas Sands (NYSE:LVS) Price Target Raised to $61.00

Las Vegas Sands (NYSE:LVS) had its price objective boosted by Barclays from $58.00 to $61.00 in a research note released on Friday,Benzinga reports. Barclays currently has an overweight rating on the casino operator’s stock.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Las Vegas Sands from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday. Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. UBS Group upped their target price on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Stifel Nicolaus raised their price target on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Mizuho boosted their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $58.42.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $53.87 on Friday. The company has a market capitalization of $39.06 billion, a P/E ratio of 26.67, a PEG ratio of 1.44 and a beta of 1.10. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a 50 day moving average price of $51.85 and a two-hundred day moving average price of $45.63.

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

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.49%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s payout ratio is currently 39.60%.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total value of $1,264,848.00. Following the sale, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 203,732 shares of company stock worth $10,861,707. 0.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LVS. Janus Henderson Group PLC raised its holdings in Las Vegas Sands by 159.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,130,486 shares of the casino operator’s stock worth $459,630,000 after acquiring an additional 5,612,975 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings 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 purchasing an additional 5,039,072 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Las Vegas Sands by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after purchasing an additional 1,536,754 shares during the last quarter. Charles Lim Capital Ltd lifted its holdings in shares of Las Vegas Sands by 178.3% during the second quarter. Charles Lim Capital Ltd now owns 1,600,000 shares of the casino operator’s stock valued at $70,800,000 after purchasing an additional 1,025,000 shares in the last quarter. Finally, ARGA Investment Management LP boosted its position in shares of Las Vegas Sands by 24.8% during the third quarter. ARGA Investment Management LP now owns 4,924,340 shares of the casino operator’s stock valued at $247,891,000 after buying an additional 977,636 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

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.