Las Vegas Sands Corp. (NYSE:LVS) Receives $61.88 Consensus PT from Brokerages

Shares of Las Vegas Sands Corp. (NYSE:LVS) have been given an average rating of “Hold” by the nineteen ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $61.8750.

Several research firms have recently weighed in on LVS. Stifel Nicolaus cut their price target on Las Vegas Sands from $74.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Morgan Stanley dropped their price objective on shares of Las Vegas Sands from $68.00 to $61.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. JPMorgan Chase & Co. cut their target price on shares of Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Wells Fargo & Company reduced their target price on shares of Las Vegas Sands from $65.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. Finally, Barclays cut their price objective on shares of Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd.

Las Vegas Sands Trading Up 0.7%

Shares of LVS stock opened at $47.31 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. The firm has a market cap of $30.65 billion, a P/E ratio of 18.41, a PEG ratio of 1.16 and a beta of 0.85. The company has a 50 day moving average of $46.61 and a 200-day moving average of $51.23. Las Vegas Sands has a 12-month low of $44.21 and a 12-month high of $70.45.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. Las Vegas Sands’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 EPS. Sell-side analysts anticipate that Las Vegas Sands will post 3.09 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. Las Vegas Sands’s dividend payout ratio is currently 46.69%.

Hedge Funds Weigh In On Las Vegas Sands

Several hedge funds have recently made changes to their positions in LVS. International Assets Investment Management LLC purchased a new position in Las Vegas Sands during the fourth quarter valued at approximately $26,000. DV Equities LLC bought a new stake in Las Vegas Sands during the 4th quarter worth approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Las Vegas Sands in the 4th quarter worth approximately $29,000. Wilmington Savings Fund Society FSB lifted its stake in Las Vegas Sands by 254.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 557 shares of the casino operator’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in Las Vegas Sands by 182.4% in the 3rd quarter. IFP Advisors Inc now owns 672 shares of the casino operator’s stock valued at $36,000 after purchasing an additional 434 shares during the period. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

About Las Vegas Sands

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.