Las Vegas Sands Corp. (NYSE:LVS) Receives $58.00 Consensus Target Price from Brokerages

Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirteen research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $58.00.

A number of research analysts recently commented on the stock. UBS Group upped their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Barclays lifted their price target on Las Vegas Sands from $52.00 to $58.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Mizuho upped their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Finally, Susquehanna boosted their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a "positive" rating in a research report on Wednesday, October 16th.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 60,187 shares of the business's stock in a transaction that occurred 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 filing with the SEC, which is accessible through the SEC website. Also, CEO Robert G. Goldstein sold 24,324 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the transaction, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 203,732 shares of company stock worth $10,861,707. Insiders own 1.20% of the company's stock.

Institutional Trading of Las Vegas Sands

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

Las Vegas Sands Stock Performance

Shares of NYSE LVS traded up $0.52 during midday trading on Wednesday, hitting $54.42. 1,472,264 shares of the company's stock were exchanged, compared to its average volume of 5,727,431. Las Vegas Sands has a 12 month low of $36.62 and a 12 month high of $55.65. The company's 50 day moving average price is $51.21 and its 200 day moving average price is $45.12. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09. The firm has a market capitalization of $39.46 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.45 and a beta of 1.10.

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

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders 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 yield of 1.47%. Las Vegas Sands's dividend payout ratio is currently 39.60%.

Las Vegas Sands Company Profile

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.