Las Vegas Sands Corp. (NYSE:LVS) Receives $59.80 Average Target Price from Analysts

Shares of Las Vegas Sands Corp. (NYSE:LVS) have been given an average recommendation of “Moderate Buy” by the seventeen ratings firms that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $60.20.

LVS has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Barclays increased their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Argus increased their price objective on shares of Las Vegas Sands from $60.00 to $65.00 in a research report on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Las Vegas Sands in a research report on Saturday, September 27th. Finally, The Goldman Sachs Group cut their price objective on shares of Las Vegas Sands from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday.

Institutional Investors Weigh In On Las Vegas Sands

A number of institutional investors and hedge funds have recently made changes to their positions in LVS. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Las Vegas Sands in the 4th quarter worth about $4,123,000. GAMMA Investing LLC raised its holdings in shares of Las Vegas Sands by 3,318.1% in the 1st quarter. GAMMA Investing LLC now owns 89,042 shares of the casino operator’s stock worth $3,440,000 after acquiring an additional 86,437 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Las Vegas Sands by 7.7% in the 1st quarter. Rhumbline Advisers now owns 705,585 shares of the casino operator’s stock worth $27,257,000 after acquiring an additional 50,646 shares during the last quarter. Czech National Bank raised its holdings in shares of Las Vegas Sands by 4.6% in the 1st quarter. Czech National Bank now owns 78,928 shares of the casino operator’s stock worth $3,049,000 after acquiring an additional 3,472 shares during the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Las Vegas Sands in the 1st quarter worth about $449,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of LVS opened at $51.07 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. The stock has a market capitalization of $35.05 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 1.84 and a beta of 1.01. The firm’s fifty day simple moving average is $53.95 and its two-hundred day simple moving average is $45.45. Las Vegas Sands has a 12 month low of $30.18 and a 12 month high of $58.05.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.26. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. As a group, analysts predict that Las Vegas Sands will post 2.6 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, August 5th. Las Vegas Sands’s dividend payout ratio is currently 50.51%.

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.