Brokerages Set Las Vegas Sands Corp. (NYSE:LVS) Target Price at $62.31

Shares of Las Vegas Sands Corp. (NYSE:LVS) have earned an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $61.8750.

A number of research firms have weighed in on LVS. Wall Street Zen downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Susquehanna lowered their price objective on shares of Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating on the stock in a report on Wednesday, July 22nd. HC Wainwright lowered shares of Las Vegas Sands to a “neutral” rating in a research report on Thursday. Weiss Ratings cut shares of Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Finally, Morgan Stanley decreased their target price on shares of Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th.

Institutional Trading of Las Vegas Sands

Several institutional investors and hedge funds have recently bought and sold shares of LVS. Mackenzie Financial Corp increased its position in shares of Las Vegas Sands by 0.3% during the 3rd quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock worth $2,902,000 after purchasing an additional 156 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Las Vegas Sands by 7.8% in the 3rd quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock valued at $132,000 after buying an additional 177 shares during the last quarter. &PARTNERS boosted its holdings in shares of Las Vegas Sands by 3.2% in the 4th quarter. &PARTNERS now owns 6,930 shares of the casino operator’s stock valued at $453,000 after buying an additional 214 shares during the last quarter. United Capital Financial Advisors LLC grew its stake in shares of Las Vegas Sands by 5.5% in the third quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator’s stock valued at $266,000 after buying an additional 258 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Las Vegas Sands by 4.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 6,859 shares of the casino operator’s stock valued at $446,000 after buying an additional 279 shares in the last quarter. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $49.02 on Monday. The firm has a market cap of $31.75 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.19 and a beta of 0.83. The stock’s 50-day moving average is $48.13 and its 200-day moving average is $52.70. Las Vegas Sands has a one year low of $44.21 and a one year high of $70.45. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the business posted $0.66 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Equities analysts predict that Las Vegas Sands will post 3.12 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 46.69%.

About Las Vegas Sands

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.