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

Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating 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.

LVS has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Barclays lowered their price objective on shares of Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped 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 report on Wednesday, January 29th.

Las Vegas Sands Trading Up 1.1 %

Las Vegas Sands stock traded up $0.48 during mid-day trading on Friday, hitting $43.67. The company's stock had a trading volume of 4,600,873 shares, compared to its average volume of 5,641,783. The business has a 50 day moving average price of $44.64 and a 200-day moving average price of $47.65. 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 has a 12 month low of $36.62 and a 12 month high of $56.61. The stock has a market cap of $31.26 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07.

Remove Ads

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast that Las Vegas Sands will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Monday, February 10th. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. Las Vegas Sands's payout ratio is 50.76%.

Institutional Investors Weigh In On Las Vegas Sands

Several large investors have recently added to or reduced their stakes in LVS. Empowered Funds LLC lifted its holdings in Las Vegas Sands by 3.6% during the third quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator's stock worth $305,000 after buying an additional 213 shares during the period. Raymond James Trust N.A. grew its position 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. Oppenheimer & Co. Inc. raised its stake in shares of Las Vegas Sands by 3.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,505 shares of the casino operator's stock worth $334,000 after acquiring an additional 231 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Las Vegas Sands by 45.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 760 shares of the casino operator's stock valued at $39,000 after acquiring an additional 238 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock worth $30,000 after purchasing an additional 247 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

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.