Las Vegas Sands Corp. (NYSE:LVS) Receives $58.00 Average PT from Analysts

Shares of Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $58.00.

A number of equities analysts recently commented on LVS shares. Macquarie decreased their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an "outperform" rating on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Mizuho upped their price target on shares of Las Vegas Sands from $52.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Barclays raised their price target on shares of Las Vegas Sands from $52.00 to $58.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Finally, Argus downgraded shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th.

Las Vegas Sands Price Performance

Shares of Las Vegas Sands stock traded down $1.08 on Friday, hitting $50.38. 8,699,094 shares of the company traded hands, compared to its average volume of 5,206,704. Las Vegas Sands has a 12-month low of $36.62 and a 12-month high of $55.65. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The company has a market cap of $36.53 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.33 and a beta of 1.11. The firm's 50-day simple moving average is $47.75 and its 200 day simple moving average is $44.61.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm's revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. Analysts expect that Las Vegas Sands will post 2.35 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, November 5th. Las Vegas Sands's dividend payout ratio is currently 39.60%.

Insider Activity

In related news, CEO Robert G. Goldstein sold 119,221 shares of the stock in a transaction dated 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 directly owns 84,511 shares in the company, valued at $4,540,776.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.91% of the company's stock.

Institutional Trading of Las Vegas Sands

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CVA Family Office LLC boosted its holdings in Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator's stock worth $28,000 after acquiring an additional 304 shares in the last quarter. Bank & Trust Co bought a new position in Las Vegas Sands in the 2nd quarter worth about $29,000. Ashton Thomas Securities LLC bought a new position in Las Vegas Sands in the 3rd quarter worth about $34,000. Migdal Insurance & Financial Holdings Ltd. grew its position in Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator's stock valued at $40,000 after purchasing an additional 437 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Las Vegas Sands by 40.1% during 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 in the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.

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.