Las Vegas Sands Corp. (NYSE:LVS) Receives $63.73 Consensus PT from Brokerages

Shares of Las Vegas Sands Corp. (NYSE:LVS) have received a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $63.7333.

LVS has been the subject of a number of research analyst reports. UBS Group lifted their price objective on shares of Las Vegas Sands from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Mizuho boosted their price target on shares of Las Vegas Sands from $56.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Argus boosted their price target on shares of Las Vegas Sands from $60.00 to $65.00 in a research note on Tuesday, September 23rd. Bank of America boosted their price target on shares of Las Vegas Sands from $52.50 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Zacks Research raised shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th.

Las Vegas Sands Stock Up 3.0%

Shares of NYSE:LVS opened at $59.34 on Friday. The firm has a fifty day moving average price of $53.49 and a two-hundred day moving average price of $47.11. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. Las Vegas Sands has a one year low of $30.18 and a one year high of $59.66. The company has a market cap of $40.74 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.65 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 22nd. The casino operator reported $0.78 EPS for the quarter, beating the consensus estimate of $0.62 by $0.16. Las Vegas Sands had a net margin of 12.69% and a return on equity of 66.94%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period last year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. Analysts anticipate that Las Vegas Sands will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Tuesday, November 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 4th. Las Vegas Sands’s dividend payout ratio is 45.25%.

Hedge Funds Weigh In On Las Vegas Sands

Hedge funds and other institutional investors have recently modified their holdings of the stock. Total Investment Management Inc. purchased a new position in shares of Las Vegas Sands during the second quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in Las Vegas Sands by 37.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock worth $38,000 after purchasing an additional 239 shares during the period. Mizuho Securities Co. Ltd. purchased a new stake in Las Vegas Sands in the second quarter worth about $41,000. CYBER HORNET ETFs LLC purchased a new stake in Las Vegas Sands in the second quarter worth about $42,000. Finally, FNY Investment Advisers LLC purchased a new stake in Las Vegas Sands in the second quarter worth about $43,000. Hedge funds and other institutional investors 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.