Analysts Set Las Vegas Sands Corp. (NYSE:LVS) Target Price at $63.31

Shares of Las Vegas Sands Corp. (NYSE:LVS) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $63.31.

Several brokerages have issued reports on LVS. Wells Fargo & Company dropped their target price on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Citigroup lifted their price objective on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Jefferies Financial Group lowered their price objective on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Mizuho lowered their target price on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 18th.

Las Vegas Sands Price Performance

NYSE LVS opened at $43.25 on Wednesday. The business’s fifty day moving average is $46.36 and its 200 day moving average is $49.12. Las Vegas Sands has a fifty-two week low of $42.99 and a fifty-two week high of $61.25. The company has a market capitalization of $32.22 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 0.79 and a beta of 1.13. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 1.30.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.13. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The business’s revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. Sell-side analysts predict that Las Vegas Sands will post 2.63 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.80 annualized dividend and a yield of 1.85%. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LVS. Waldron Private Wealth LLC increased its holdings in Las Vegas Sands by 1.9% in the fourth quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock valued at $608,000 after buying an additional 232 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Las Vegas Sands by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock valued at $1,404,000 after purchasing an additional 288 shares during the last quarter. Czech National Bank grew its position in shares of Las Vegas Sands by 0.5% in the first quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock valued at $3,359,000 after purchasing an additional 319 shares during the last quarter. Western Pacific Wealth Management LP grew its position in shares of Las Vegas Sands by 53.5% in the first quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 338 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Las Vegas Sands by 54.8% in the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 357 shares during 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.