Las Vegas Sands Corp. (NYSE:LVS) Given Average Recommendation of “Moderate Buy” by Analysts

Las Vegas Sands Corp. (NYSE:LVSGet Free Report) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $68.82.

Several research firms have recently commented on LVS. Morgan Stanley raised their price objective on shares of Las Vegas Sands from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. StockNews.com lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Stifel Nicolaus lifted their price objective on shares of Las Vegas Sands from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Susquehanna began coverage on shares of Las Vegas Sands in a research report on Friday, December 15th. They issued a “positive” rating and a $59.00 price objective on the stock. Finally, UBS Group boosted their target price on shares of Las Vegas Sands from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th.

Get Our Latest Stock Report on Las Vegas Sands

Insider Activity

In other news, major shareholder Miriam Adelson sold 12,253,628 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $43.23, for a total transaction of $529,724,338.44. Following the completion of the transaction, the insider now owns 41,134,164 shares of the company’s stock, valued at approximately $1,778,229,909.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Spire Wealth Management increased its stake in shares of Las Vegas Sands by 197.4% during the 2nd quarter. Spire Wealth Management now owns 452 shares of the casino operator’s stock valued at $26,000 after acquiring an additional 300 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new position in shares of Las Vegas Sands during the 2nd quarter valued at about $29,000. Capital Advisors Ltd. LLC increased its stake in shares of Las Vegas Sands by 434.7% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 524 shares of the casino operator’s stock valued at $30,000 after acquiring an additional 426 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Las Vegas Sands by 95.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 546 shares of the casino operator’s stock worth $32,000 after purchasing an additional 266 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Las Vegas Sands during the 3rd quarter worth about $27,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

LVS opened at $54.46 on Thursday. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.31 and a quick ratio of 1.30. Las Vegas Sands has a 1 year low of $43.77 and a 1 year high of $65.58. The firm has a fifty day moving average price of $49.42 and a 200 day moving average price of $49.69. The stock has a market cap of $41.04 billion, a P/E ratio of 34.04, a P/E/G ratio of 2.87 and a beta of 1.16.

Las Vegas Sands (NYSE:LVSGet Free Report) last announced its earnings results on Wednesday, January 24th. The casino operator reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.04). The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Las Vegas Sands had a return on equity of 34.40% and a net margin of 11.77%. The company’s quarterly revenue was up 161.0% compared to the same quarter last year. During the same period last year, the business earned ($0.19) EPS. Equities research analysts anticipate that Las Vegas Sands will post 2.74 earnings per share for the current year.

Las Vegas Sands declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 18th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the casino operator to buy up to 5.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.47%. The ex-dividend date is Monday, February 5th. Las Vegas Sands’s payout ratio is 50.00%.

Las Vegas Sands Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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