Deutsche Bank Aktiengesellschaft Cuts Las Vegas Sands (NYSE:LVS) Price Target to $62.00

Las Vegas Sands (NYSE:LVS) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $66.00 to $62.00 in a research note issued to investors on Wednesday morning. The brokerage currently has a buy rating on the casino operator’s stock.

A number of other equities analysts also recently commented on LVS. Susquehanna increased their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. Wells Fargo & Company increased their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Stifel Nicolaus upped their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $51.00 target price (down from $54.00) on shares of Las Vegas Sands in a report on Tuesday, January 14th. Finally, Mizuho upped their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.58.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $45.90 on Wednesday. The firm has a market cap of $33.28 billion, a PE ratio of 23.30, a PEG ratio of 1.00 and a beta of 1.09. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $56.60. The company has a fifty day moving average price of $49.90 and a 200 day moving average price of $46.71.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 43.76% and a net margin of 12.80%. Research analysts predict that Las Vegas Sands will post 2.76 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th will be issued a $0.25 dividend. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Monday, February 10th. Las Vegas Sands’s dividend payout ratio is currently 40.61%.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the transaction, the chief executive officer now owns 60,187 shares in the company, valued at $3,129,724. This represents a 28.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert G. Goldstein sold 60,187 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LVS. Wilmington Savings Fund Society FSB acquired a new position in shares of Las Vegas Sands during the 3rd quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Las Vegas Sands during the 4th quarter worth approximately $26,000. CVA Family Office LLC boosted its position in shares of Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after acquiring an additional 304 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Las Vegas Sands by 73.5% during the 4th quarter. UMB Bank n.a. now owns 583 shares of the casino operator’s stock worth $30,000 after acquiring an additional 247 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Las Vegas Sands during the 3rd quarter worth approximately $34,000. 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.