Las Vegas Sands Corp. (NYSE:LVS) Receives $61.88 Average Target Price from Brokerages

Las Vegas Sands Corp. (NYSE:LVS) has been given a consensus rating of “Hold” by the nineteen analysts that are covering the firm, Marketbeat Ratings reports. One 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 twelve-month price objective among brokerages that have issued a report on the stock in the last year is $61.8750.

A number of brokerages have issued reports on LVS. Bank of America reduced their price objective on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Barclays decreased their target price on Las Vegas Sands from $63.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Weiss Ratings cut Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 30th. Finally, Susquehanna reduced their price target on shares of 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Las Vegas Sands by 8.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock valued at $1,207,000 after purchasing an additional 2,418 shares during the last quarter. Woodline Partners LP increased its position in Las Vegas Sands by 38.9% in the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock worth $1,122,000 after buying an additional 8,132 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Las Vegas Sands by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock worth $93,000 after buying an additional 1,027 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Las Vegas Sands in the second quarter valued at $414,000. Finally, Cerity Partners LLC raised its stake in shares of Las Vegas Sands by 70.0% in the second quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after buying an additional 7,243 shares during the period. 39.16% of the stock is owned by institutional investors.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $47.04 on Friday. The company has a market capitalization of $30.47 billion, a PE ratio of 18.30, a PEG ratio of 1.16 and a beta of 0.85. 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 stock’s 50 day moving average price is $46.69 and its 200-day moving average price is $51.37. Las Vegas Sands has a twelve month low of $44.21 and a twelve month high of $70.45.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The business had revenue of $3.15 billion for 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%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share. On average, equities analysts anticipate that Las Vegas Sands will post 3.09 EPS for the current year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 annualized dividend and a yield of 2.6%. Las Vegas Sands’s payout ratio is currently 46.69%.

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.