Las Vegas Sands Corp. (NYSE:LVS) Receives $59.80 Average Target Price from Analysts

Shares of Las Vegas Sands Corp. (NYSE:LVS) have been assigned an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $60.20.

Several equities research analysts have recently commented on the company. Macquarie upped their price target on Las Vegas Sands from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. UBS Group upped their price objective on Las Vegas Sands from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Wall Street Zen raised Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Sunday, September 7th. Argus upped their price objective on Las Vegas Sands from $60.00 to $65.00 in a report on Tuesday, September 23rd. Finally, Morgan Stanley upped their price objective on Las Vegas Sands from $50.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $52.31 on Tuesday. Las Vegas Sands has a 12 month low of $30.18 and a 12 month high of $58.05. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. The business has a 50 day simple moving average of $53.94 and a 200-day simple moving average of $45.54. The stock has a market capitalization of $35.91 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 1.84 and a beta of 1.01.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, topping the consensus estimate of $0.53 by $0.26. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. Equities analysts predict that Las Vegas Sands will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 5th. Las Vegas Sands’s dividend payout ratio is currently 50.51%.

Institutional Investors Weigh In On Las Vegas Sands

A number of hedge funds and other institutional investors have recently modified their holdings of LVS. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Las Vegas Sands during the 4th quarter valued at approximately $4,123,000. GAMMA Investing LLC grew its holdings in Las Vegas Sands by 3,318.1% in the first quarter. GAMMA Investing LLC now owns 89,042 shares of the casino operator’s stock valued at $3,440,000 after purchasing an additional 86,437 shares during the last quarter. Rhumbline Advisers grew its holdings in Las Vegas Sands by 7.7% in the first quarter. Rhumbline Advisers now owns 705,585 shares of the casino operator’s stock valued at $27,257,000 after purchasing an additional 50,646 shares during the last quarter. Czech National Bank grew its holdings in Las Vegas Sands by 4.6% in the first quarter. Czech National Bank now owns 78,928 shares of the casino operator’s stock valued at $3,049,000 after purchasing an additional 3,472 shares during the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in Las Vegas Sands in the first quarter valued at $449,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

About Las Vegas Sands

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.