Analysts Set Las Vegas Sands Corp. (NYSE:LVS) PT at $58.42

Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) has received an average rating of "Moderate Buy" from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $58.42.

LVS has been the subject of several research reports. Wells Fargo & Company increased their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. UBS Group upped their price target on Las Vegas Sands from $49.00 to $50.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Las Vegas Sands from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Susquehanna upped their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a "positive" rating in a report on Wednesday, October 16th. Finally, Mizuho lifted their target price on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $53.73, for a total value of $6,405,744.33. Following the completion of the transaction, the chief executive officer now owns 84,511 shares of the company's stock, valued at $4,540,776.03. The trade was a 58.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 203,732 shares of company stock valued at $10,861,707. Company insiders own 0.91% of the company's stock.

Institutional Investors Weigh In On Las Vegas Sands

Several hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in shares of Las Vegas Sands by 3.6% during the 3rd quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator's stock valued at $305,000 after buying an additional 213 shares in the last quarter. Raymond James Trust N.A. grew its position in Las Vegas Sands by 4.7% during the third quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator's stock valued at $255,000 after acquiring an additional 229 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Las Vegas Sands by 40.1% during the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator's stock worth $43,000 after acquiring an additional 243 shares in the last quarter. Signaturefd LLC raised its stake in shares of Las Vegas Sands by 7.8% during the third quarter. Signaturefd LLC now owns 3,510 shares of the casino operator's stock worth $177,000 after acquiring an additional 253 shares in the last quarter. Finally, Waldron Private Wealth LLC lifted its holdings in shares of Las Vegas Sands by 2.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator's stock worth $628,000 after acquiring an additional 268 shares during the last quarter. Institutional investors own 39.16% of the company's stock.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS traded down $0.11 during midday trading on Friday, reaching $51.86. The company had a trading volume of 1,747,749 shares, compared to its average volume of 5,638,649. The stock has a market cap of $37.60 billion, a P/E ratio of 25.67, a P/E/G ratio of 1.43 and a beta of 1.10. The company's 50 day moving average price is $51.86 and its 200 day moving average price is $46.18. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. Las Vegas Sands has a 52-week low of $36.62 and a 52-week high of $56.60.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share 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 during the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The firm's revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Las Vegas Sands will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a $0.20 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.54%. Las Vegas Sands's dividend payout ratio (DPR) is presently 39.60%.

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.