Las Vegas Sands (NYSE:LVS) Price Target Raised to $61.00 at Barclays

Las Vegas Sands (NYSE:LVS - Free Report) had its target price boosted by Barclays from $58.00 to $61.00 in a report published on Friday,Benzinga reports. They currently have an overweight rating on the casino operator's stock.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company raised their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price objective on shares of Las Vegas Sands from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday. UBS Group upped their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Stifel Nicolaus raised their target price on Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Susquehanna boosted their price target on Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $58.42.

Las Vegas Sands Stock Up 0.1 %

Shares of LVS stock traded up $0.07 during trading on Friday, hitting $53.87. 3,378,846 shares of the company were exchanged, compared to its average volume of 5,686,731. The business's 50-day simple moving average is $51.85 and its 200 day simple moving average is $45.61. Las Vegas Sands has a twelve month low of $36.62 and a twelve month high of $56.60. The firm has a market capitalization of $39.06 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.44 and a beta of 1.10. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period last year, the business earned $0.55 EPS. The company's quarterly revenue was down 4.0% on a year-over-year basis. As a group, analysts forecast that Las Vegas Sands will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.49%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands's payout ratio is currently 39.60%.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert G. Goldstein sold 24,324 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the transaction, the chief executive officer now directly owns 60,187 shares of the company's stock, valued at $3,129,724. The trade was a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 203,732 shares of company stock valued at $10,861,707 in the last ninety days. Company insiders own 0.91% of the company's stock.

Institutional Trading of Las Vegas Sands

Several institutional investors have recently bought and sold shares of LVS. Franklin Resources Inc. lifted its holdings in shares of Las Vegas Sands by 10.8% during the third quarter. Franklin Resources Inc. now owns 115,803 shares of the casino operator's stock valued at $6,053,000 after acquiring an additional 11,261 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Las Vegas Sands during the 3rd quarter valued at about $26,000. World Investment Advisors LLC bought a new position in Las Vegas Sands during the 3rd quarter valued at about $1,953,000. Sanctuary Advisors LLC boosted its position in Las Vegas Sands by 62.2% in the third quarter. Sanctuary Advisors LLC now owns 22,082 shares of the casino operator's stock valued at $1,106,000 after buying an additional 8,466 shares in the last quarter. Finally, LRI Investments LLC grew its stake in Las Vegas Sands by 604.5% during the third quarter. LRI Investments LLC now owns 1,881 shares of the casino operator's stock worth $91,000 after buying an additional 1,614 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company's stock.

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.