Analysts Set Las Vegas Sands Corp. (NYSE:LVS) Target Price at $59.42

Shares of Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $59.42.

A number of equities research analysts have weighed in on the stock. Macquarie lifted their price target on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Citigroup upped their target price on shares of Las Vegas Sands from $64.50 to $67.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Morgan Stanley cut their price target on shares of Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Finally, Wells Fargo & Company lowered their price objective on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LVS. Wilmington Savings Fund Society FSB acquired a new stake in Las Vegas Sands in the 3rd quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Las Vegas Sands during the fourth quarter valued at approximately $26,000. UMB Bank n.a. increased its holdings in shares of Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock valued at $30,000 after purchasing an additional 247 shares in the last quarter. Optiver Holding B.V. bought a new position in Las Vegas Sands in the 4th quarter worth approximately $32,000. Finally, Brown Brothers Harriman & Co. bought a new position in Las Vegas Sands in the 4th quarter worth approximately $36,000. 39.16% of the stock is owned by institutional investors.

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Las Vegas Sands Stock Performance

Shares of NYSE LVS traded up $0.34 during mid-day trading on Tuesday, hitting $32.06. The company had a trading volume of 5,115,165 shares, compared to its average volume of 6,084,359. Las Vegas Sands has a 12 month low of $30.18 and a 12 month high of $56.61. The firm has a market cap of $22.65 billion, a P/E ratio of 16.27, a PEG ratio of 1.41 and a beta of 0.99. The business's 50-day simple moving average is $41.09 and its 200-day simple moving average is $47.11. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.74 and a quick ratio of 0.73.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. As a group, analysts predict that Las Vegas Sands will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 3.12%. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's payout ratio is currently 50.76%.

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.