Las Vegas Sands (NYSE:LVS) Price Target Lowered to $52.00 at Barclays

Las Vegas Sands (NYSE:LVS) had its target price decreased by Barclays from $57.00 to $52.00 in a report issued on Thursday morning, Benzinga reports. Barclays currently has an overweight rating on the casino operator’s stock.

Several other analysts have also weighed in on the stock. Morgan Stanley lowered their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an overweight rating for the company in a research note on Friday, July 12th. Wells Fargo & Company lowered their price objective on shares of Las Vegas Sands from $60.00 to $58.00 and set an overweight rating for the company in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set a buy rating for the company in a research note on Tuesday, July 9th. Jefferies Financial Group lowered their price objective on shares of Las Vegas Sands from $53.00 to $47.00 and set a hold rating for the company in a research note on Thursday, July 11th. Finally, Stifel Nicolaus reduced their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a buy rating for the company in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $58.00.

Las Vegas Sands Stock Down 2.4 %

Las Vegas Sands stock opened at $39.34 on Thursday. 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 has a 52-week low of $39.25 and a 52-week high of $60.47. The firm has a 50 day moving average price of $43.56 and a two-hundred day moving average price of $48.02. The firm has a market cap of $29.31 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 0.74 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 43.61%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. Equities analysts predict that Las Vegas Sands will post 2.64 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio is 38.65%.

Hedge Funds Weigh In On Las Vegas Sands

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Las Vegas Sands by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after buying an additional 209,589 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Las Vegas Sands by 1.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock worth $1,663,219,000 after buying an additional 531,799 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Las Vegas Sands by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after buying an additional 1,536,754 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Las Vegas Sands by 6.4% in the 4th quarter. Fisher Asset Management LLC now owns 11,275,127 shares of the casino operator’s stock worth $554,849,000 after buying an additional 680,575 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Las Vegas Sands in the 4th quarter worth about $266,538,000. 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.