UBS Group Forecasts Strong Price Appreciation for Las Vegas Sands (NYSE:LVS) Stock

Las Vegas Sands (NYSE:LVS) had its price objective increased by UBS Group from $49.00 to $50.00 in a research report report published on Tuesday morning. The firm currently has a neutral rating on the casino operator’s stock.

Several other equities analysts have also commented on LVS. JPMorgan Chase & Co. increased their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley increased their price target on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Susquehanna increased their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Finally, Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Las Vegas Sands Trading Down 1.6 %

Shares of LVS opened at $50.34 on Tuesday. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $55.65. The company has a market capitalization of $36.50 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.35 and a beta of 1.11. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The firm’s 50 day simple moving average is $47.03 and its 200 day simple moving average is $44.49.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. Sell-side analysts forecast that Las Vegas Sands will post 2.35 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, November 13th. Shareholders of record on Tuesday, November 5th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.80 annualized dividend and a yield of 1.59%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 119,221 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total value of $6,405,744.33. Following the sale, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at $4,540,776.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Las Vegas Sands

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its stake in shares of Las Vegas Sands by 49.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,317 shares of the casino operator’s stock worth $1,102,000 after buying an additional 7,099 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Las Vegas Sands in the first quarter worth $43,000. Daiwa Securities Group Inc. raised its position in shares of Las Vegas Sands by 13.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 40,747 shares of the casino operator’s stock worth $2,107,000 after purchasing an additional 4,762 shares during the last quarter. Empirical Finance LLC boosted its stake in Las Vegas Sands by 4.2% in the 1st quarter. Empirical Finance LLC now owns 11,548 shares of the casino operator’s stock worth $597,000 after purchasing an additional 461 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Las Vegas Sands by 14.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,820 shares of the casino operator’s stock valued at $508,000 after purchasing an additional 1,211 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Company Profile

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.