Las Vegas Sands Corp. (NYSE:LVS) Given Consensus Rating of “Hold” by Brokerages

Las Vegas Sands Corp. (NYSE:LVS) has been assigned an average rating of “Hold” from the nineteen research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $61.8750.

A number of equities research analysts have issued reports on LVS shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $62.00 target price (down from $73.00) on shares of Las Vegas Sands in a research note on Thursday, July 23rd. Bank of America reduced their price objective on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Wells Fargo & Company lowered their target price on Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Citigroup dropped their target price on Las Vegas Sands from $78.50 to $73.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Finally, Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday.

Hedge Funds Weigh In On Las Vegas Sands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Las Vegas Sands by 8.4% in the 1st 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 during the last quarter. Woodline Partners LP boosted its stake in Las Vegas Sands by 38.9% in the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock valued at $1,122,000 after buying an additional 8,132 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Las Vegas Sands by 91.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock worth $93,000 after purchasing an additional 1,027 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Las Vegas Sands during the second quarter worth about $414,000. Finally, Cerity Partners LLC increased its holdings in Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after purchasing an additional 7,243 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Down 1.7%

NYSE:LVS opened at $49.02 on Monday. The business’s fifty day moving average price is $48.13 and its 200 day moving average price is $52.75. The firm has a market capitalization of $31.75 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.31 and a beta of 0.83. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 15.27. Las Vegas Sands has a 1-year low of $44.21 and a 1-year high of $70.45.

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

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Investors 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 dividend on an annualized basis and a yield of 2.4%. Las Vegas Sands’s dividend payout ratio is currently 46.69%.

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.