Las Vegas Sands Corp. (NYSE:LVS) Receives $68.55 Average Target Price from Analysts

Las Vegas Sands Corp. (NYSE:LVS) has been given a consensus rating of “Moderate Buy” by the eighteen research firms that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $68.5469.

A number of equities research analysts have recently commented on the stock. HSBC raised their price objective on shares of Las Vegas Sands from $67.50 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Las Vegas Sands from $76.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Seaport Research Partners dropped their price target on shares of Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $70.00 price objective on shares of Las Vegas Sands in a research report on Thursday, January 29th. Finally, UBS Group increased their target price on shares of Las Vegas Sands from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th.

Insider Buying and Selling at Las Vegas Sands

In other news, major shareholder Miriam Adelson sold 77,991 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $67.56, for a total value of $5,269,071.96. Following the completion of the sale, the insider directly owned 23,333,441 shares in the company, valued at $1,576,407,273.96. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert G. Goldstein sold 1,198,650 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $66.68, for a total value of $79,925,982.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,630,946 shares of company stock valued at $175,735,901. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Las Vegas Sands by 8.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after purchasing an additional 2,418 shares in the last quarter. Woodline Partners LP increased its stake in Las Vegas Sands by 38.9% during the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after buying an additional 8,132 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in Las Vegas Sands during the 2nd quarter worth approximately $299,000. Brighton Jones LLC acquired a new position in shares of Las Vegas Sands during the second quarter valued at approximately $206,000. Finally, Wealthfront Advisers LLC raised its holdings in shares of Las Vegas Sands by 1.5% during the second quarter. Wealthfront Advisers LLC now owns 18,189 shares of the casino operator’s stock valued at $791,000 after acquiring an additional 273 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Price Performance

Shares of LVS opened at $56.67 on Friday. The business’s 50-day moving average is $59.81 and its two-hundred day moving average is $58.93. The company has a market capitalization of $38.08 billion, a P/E ratio of 24.22, a P/E/G ratio of 1.45 and a beta of 0.88. Las Vegas Sands has a fifty-two week low of $30.18 and a fifty-two week high of $70.45. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.14.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, January 28th. The casino operator reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. Las Vegas Sands had a return on equity of 91.40% and a net margin of 12.50%.The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s revenue was up 26.0% compared to the same quarter last year. Research analysts predict that Las Vegas Sands will post 2.6 earnings per share for the current year.

Las Vegas Sands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th were given a dividend of $0.30 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, February 9th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 51.28%.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.