Las Vegas Sands Corp. (NYSE:LVS) Stock Has Average Price Target of $60.16

Las Vegas Sands Corp. (NYSE:LVS) has been given an average recommendation of “Moderate Buy” by the twenty-one analysts that are presently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $59.69.

LVS has been the subject of several research analyst reports. Stifel Nicolaus cut their target price on shares of 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. Wolfe Research started coverage on shares of Las Vegas Sands in a research note on Wednesday, September 2nd. They set a “peer perform” rating for the company. Susquehanna decreased their target price on Las Vegas Sands from $64.00 to $63.00 and set a “positive” rating for the company in a research report on Wednesday, July 22nd. Seaport Research Partners decreased their price objective on Las Vegas Sands from $69.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Barclays lowered their target price on shares of Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, October 9th.

Hedge Funds Weigh In On Las Vegas Sands

Institutional investors and hedge funds have recently modified their holdings of the business. Pension & Wealth Management Advisors Inc. increased its position in shares of Las Vegas Sands by 13.9% in the second quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator’s stock valued at $93,000 after buying an additional 245 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Las Vegas Sands by 0.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 92,093 shares of the casino operator’s stock valued at $4,921,000 after buying an additional 331 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Las Vegas Sands by 73.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator’s stock valued at $48,000 after buying an additional 375 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Las Vegas Sands by 1.0% in the 1st quarter. Janus Henderson Group PLC now owns 40,491 shares of the casino operator’s stock valued at $2,132,000 after buying an additional 397 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Las Vegas Sands by 7.2% in the 1st quarter. Parallel Advisors LLC now owns 5,988 shares of the casino operator’s stock worth $323,000 after buying an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Down 0.9%

NYSE LVS traded down $0.36 during trading hours on Friday, reaching $37.96. 8,329,365 shares of the company’s stock traded hands, compared to its average volume of 6,048,983. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a 50-day simple moving average of $41.70 and a 200 day simple moving average of $47.23. Las Vegas Sands has a 52-week low of $35.28 and a 52-week high of $70.45. The firm has a market cap of $24.58 billion, a PE ratio of 14.77, a PEG ratio of 0.94 and a beta of 0.78.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 133.90% and a net margin of 12.59%. Las Vegas Sands’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Sell-side analysts anticipate that Las Vegas Sands will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Tuesday, August 4th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 3.2%. Las Vegas Sands’s dividend payout ratio is 46.69%.

Las Vegas Sands Company Profile

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts that combine casino gaming with hotels, convention and exhibition facilities, retail, dining and entertainment venues. The company’s properties are designed to serve leisure travelers, business visitors and convention groups.

Las Vegas Sands operates major integrated resorts in Macau, including The Venetian Macao, The Parisian Macao, The Londoner Macao and Four Seasons Hotel Macao. In Singapore, it operates Marina Bay Sands, a large resort featuring hotel accommodations, gaming, shopping, dining, entertainment and convention facilities.