Las Vegas Sands (NYSE:LVS) Rating Increased to Buy at HSBC

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HSBC upgraded shares of Las Vegas Sands (NYSE:LVS) from a hold rating to a buy rating in a research report report published on Monday, October 15th, Marketbeat reports. The firm currently has $69.00 target price on the casino operator’s stock.

Several other equities analysts have also commented on LVS. Zacks Investment Research lowered shares of Las Vegas Sands from a strong-buy rating to a hold rating in a research report on Monday, June 18th. ValuEngine lowered shares of Las Vegas Sands from a buy rating to a hold rating in a research report on Monday, July 2nd. Stifel Nicolaus lowered their price objective on shares of Las Vegas Sands from $88.00 to $86.00 and set a buy rating for the company in a research report on Thursday, July 26th. Morgan Stanley increased their price objective on shares of Las Vegas Sands from $85.00 to $86.00 and gave the company an overweight rating in a research report on Tuesday, June 26th. Finally, Nomura lowered their price objective on shares of Las Vegas Sands from $76.00 to $72.00 and set a neutral rating for the company in a research report on Monday, July 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $73.50.

Shares of NYSE:LVS traded down $1.62 during midday trading on Monday, reaching $52.09. 4,707,973 shares of the company were exchanged, compared to its average volume of 6,205,871. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.92 and a current ratio of 1.93. Las Vegas Sands has a one year low of $49.28 and a one year high of $81.45. The firm has a market cap of $44.33 billion, a price-to-earnings ratio of 17.13 and a beta of 1.59.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 24th. The casino operator reported $0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.04). Las Vegas Sands had a return on equity of 34.18% and a net margin of 27.71%. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.41 billion. As a group, research analysts predict that Las Vegas Sands will post 3.4 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Tuesday, December 18th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Monday, December 17th. Las Vegas Sands’s dividend payout ratio is currently 98.68%.

In other news, EVP Lawrence A. Jacobs sold 66,667 shares of the stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $60.95, for a total value of $4,063,353.65. Following the sale, the executive vice president now owns 66,667 shares of the company’s stock, valued at $4,063,353.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in LVS. Blair William & Co. IL raised its stake in shares of Las Vegas Sands by 14.0% in the first quarter. Blair William & Co. IL now owns 6,817 shares of the casino operator’s stock valued at $490,000 after acquiring an additional 838 shares during the period. Natixis purchased a new position in Las Vegas Sands in the 1st quarter worth about $1,215,000. Element Capital Management LLC purchased a new position in Las Vegas Sands in the 1st quarter worth about $507,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Las Vegas Sands by 10.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,862 shares of the casino operator’s stock worth $3,293,000 after buying an additional 4,183 shares during the period. Finally, LPL Financial LLC increased its stake in Las Vegas Sands by 4.2% in the 1st quarter. LPL Financial LLC now owns 121,169 shares of the casino operator’s stock worth $8,712,000 after buying an additional 4,901 shares during the period. 38.70% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

See Also: Outstanding Shares

Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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