Las Vegas Sands Corp. (NYSE:LVS) Receives $55.67 Consensus Price Target from Analysts

Las Vegas Sands Corp. (NYSE:LVS) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $55.67.

A number of analysts have commented on LVS shares. StockNews.com cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Stifel Nicolaus decreased their target price on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Wells Fargo & Company cut their price target on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. UBS Group downgraded Las Vegas Sands from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $70.00 to $49.00 in a research note on Friday, August 23rd. Finally, Morgan Stanley cut their price objective on 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LVS. Bank & Trust Co purchased a new stake in shares of Las Vegas Sands in the second quarter worth about $29,000. Delos Wealth Advisors LLC bought a new stake in Las Vegas Sands in the fourth quarter worth $33,000. Accent Capital Management LLC purchased a new stake in Las Vegas Sands during the fourth quarter valued at $39,000. Fidelis Capital Partners LLC purchased a new stake in Las Vegas Sands during the first quarter valued at $43,000. Finally, Vestor Capital LLC purchased a new position in shares of Las Vegas Sands in the 4th quarter worth $42,000. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of LVS opened at $38.99 on Monday. Las Vegas Sands has a one year low of $36.62 and a one year high of $55.73. The business has a fifty day moving average of $40.85 and a 200 day moving average of $45.94. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. The firm has a market capitalization of $28.71 billion, a P/E ratio of 18.84, a PEG ratio of 1.07 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (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 44.41%. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Las Vegas Sands will post 2.45 EPS for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were issued a $0.20 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.05%. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

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.