Las Vegas Sands (NYSE:LVS) Price Target Cut to $51.00

Las Vegas Sands (NYSE:LVS) had its target price trimmed by Susquehanna from $59.00 to $51.00 in a report issued on Thursday morning, Benzinga reports. The firm currently has a positive rating on the casino operator’s stock.

Several other research firms have also issued reports on LVS. Jefferies Financial Group lowered their price target on shares of Las Vegas Sands from $53.00 to $47.00 and set a hold rating for the company in a report on Thursday, July 11th. Citigroup upped their price target on shares of Las Vegas Sands from $74.00 to $75.00 and gave the company a buy rating in a research report on Thursday, April 18th. Morgan Stanley lowered their price objective on Las Vegas Sands from $59.00 to $55.00 and set an overweight rating for the company in a research report on Friday, July 12th. Mizuho cut their target price on Las Vegas Sands from $70.00 to $65.00 and set a buy rating on the stock in a research report on Thursday, April 18th. Finally, StockNews.com upgraded Las Vegas Sands from a hold rating to a buy rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $58.00.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $39.18 on Thursday. The stock has a market cap of $29.19 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 0.72 and a beta of 1.12. Las Vegas Sands has a twelve month low of $38.92 and a twelve month high of $60.47. The company’s fifty day moving average is $43.40 and its 200 day moving average is $47.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a net margin of 14.08% and a return on equity of 43.61%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Las Vegas Sands will post 2.49 EPS for the current year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Waldron Private Wealth LLC increased its position in shares of Las Vegas Sands by 1.9% during the fourth quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock worth $608,000 after acquiring an additional 232 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Las Vegas Sands by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock worth $1,404,000 after purchasing an additional 288 shares in the last quarter. Czech National Bank increased its holdings in Las Vegas Sands by 0.5% during the 1st quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock worth $3,359,000 after purchasing an additional 319 shares in the last quarter. Western Pacific Wealth Management LP raised its stake 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 worth $50,000 after purchasing an additional 338 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings 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 in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

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.