Las Vegas Sands Corp. (NYSE:LVS) Receives $63.46 Average PT from Analysts

Las Vegas Sands Corp. (NYSE:LVS) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $63.46.

LVS has been the topic of several research analyst reports. StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Morgan Stanley lifted their target price on Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lowered their target price on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Citigroup lifted their target price on Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Wells Fargo & Company lowered their target price on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th.

Las Vegas Sands Trading Down 0.7 %

Shares of LVS opened at $45.87 on Friday. The business’s 50-day moving average price is $48.85 and its 200 day moving average price is $49.62. The stock has a market capitalization of $34.18 billion, a P/E ratio of 22.16, a P/E/G ratio of 0.87 and a beta of 1.18. Las Vegas Sands has a 1-year low of $43.77 and a 1-year high of $61.25. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.96.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. Las Vegas Sands’s revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. Analysts expect that Las Vegas Sands will post 2.63 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the transaction, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Waldron Private Wealth LLC lifted its holdings in shares of Las Vegas Sands by 1.9% during the fourth quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock worth $608,000 after buying an additional 232 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Las Vegas Sands by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock worth $1,404,000 after buying an additional 288 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Las Vegas Sands by 0.7% during the third quarter. New York Life Investment Management LLC now owns 47,237 shares of the casino operator’s stock worth $2,165,000 after buying an additional 306 shares during the last quarter. Czech National Bank lifted its holdings in shares of Las Vegas Sands by 0.5% during the first quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock worth $3,359,000 after buying an additional 319 shares during the last quarter. Finally, Western Pacific Wealth Management LP increased its position in shares of Las Vegas Sands by 53.5% during the first quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 338 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

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.