Las Vegas Sands (NYSE:LVS) Given New $73.00 Price Target at HSBC

Las Vegas Sands (NYSE:LVSFree Report) had its target price increased by HSBC from $67.50 to $73.00 in a research report report published on Thursday,MarketScreener reports. The brokerage currently has a buy rating on the casino operator’s stock.

LVS has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft raised their target price on Las Vegas Sands from $76.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday. Susquehanna raised their price objective on Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Morgan Stanley boosted their target price on Las Vegas Sands from $63.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, January 16th. The Goldman Sachs Group raised Las Vegas Sands from a “neutral” rating to a “buy” rating and increased their price objective for the company from $64.00 to $80.00 in a report on Monday, December 15th. Finally, Wall Street Zen raised shares of Las Vegas Sands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.23.

Read Our Latest Stock Analysis on Las Vegas Sands

Las Vegas Sands Stock Up 1.1%

Shares of NYSE:LVS traded up $0.56 during trading on Thursday, hitting $53.27. The company’s stock had a trading volume of 1,169,722 shares, compared to its average volume of 6,903,998. The business has a 50 day moving average price of $64.09 and a two-hundred day moving average price of $58.04. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.88 and a current ratio of 0.89. Las Vegas Sands has a fifty-two week low of $30.18 and a fifty-two week high of $70.45. The company has a market capitalization of $36.02 billion, a PE ratio of 22.88, a P/E/G ratio of 1.46 and a beta of 0.97.

Las Vegas Sands (NYSE:LVSGet Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.08. Las Vegas Sands had a return on equity of 87.01% and a net margin of 12.50%.The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the business posted $0.54 EPS. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. As a group, research analysts expect that Las Vegas Sands will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.3%. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 9th. Las Vegas Sands’s dividend payout ratio is 45.25%.

Insider Activity at Las Vegas Sands

In other news, COO Patrick Dumont sold 135,603 shares of Las Vegas Sands stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $67.96, for a total value of $9,215,579.88. Following the completion of the transaction, the chief operating officer owned 446,608 shares in the company, valued at approximately $30,351,479.68. This trade represents a 23.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Miriam Adelson sold 77,991 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $67.56, for a total value of $5,269,071.96. Following the completion of the sale, the insider directly owned 23,333,441 shares in the company, valued at $1,576,407,273.96. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 3,582,053 shares of company stock valued at $238,846,399. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

Several institutional investors have recently bought and sold shares of LVS. Mackenzie Financial Corp grew its holdings in Las Vegas Sands by 0.3% in the 3rd quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock valued at $2,902,000 after buying an additional 156 shares during the last quarter. Westside Investment Management Inc. grew its position in Las Vegas Sands by 48.0% during the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after acquiring an additional 166 shares during the last quarter. Parallel Advisors LLC increased its position in Las Vegas Sands by 7.8% in the 3rd quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock valued at $132,000 after acquiring an additional 177 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Las Vegas Sands by 2.4% during the third quarter. Alps Advisors Inc. now owns 8,528 shares of the casino operator’s stock worth $459,000 after acquiring an additional 197 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its stake in shares of Las Vegas Sands by 0.3% during the second quarter. Horizon Kinetics Asset Management LLC now owns 61,993 shares of the casino operator’s stock worth $2,697,000 after buying an additional 213 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Key Headlines Impacting Las Vegas Sands

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About Las Vegas Sands

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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.

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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