Las Vegas Sands (NYSE:LVS) Price Target Raised to $50.00 at UBS Group

Las Vegas Sands (NYSE:LVS - Free Report) had its price target hoisted by UBS Group from $49.00 to $50.00 in a report released on Tuesday morning. UBS Group currently has a neutral rating on the casino operator's stock.

A number of other research analysts also recently weighed in on LVS. StockNews.com downgraded shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Susquehanna boosted their price target on Las Vegas Sands from $51.00 to $59.00 and gave the stock a "positive" rating in a research report on Wednesday, October 16th. 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. Jefferies Financial Group decreased their target price on Las Vegas Sands from $53.00 to $47.00 and set a "hold" rating for the company in a research report on Thursday, July 11th. Finally, Stifel Nicolaus lifted their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $58.00.

Las Vegas Sands Stock Down 1.6 %

NYSE LVS traded down $0.83 during mid-day trading on Tuesday, reaching $50.34. 7,327,166 shares of the company's stock traded hands, compared to its average volume of 5,784,819. The company has a market cap of $36.50 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 1.35 and a beta of 1.11. The company has a fifty day simple moving average of $47.03 and a 200-day simple moving average of $44.49. 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 1-year low of $36.62 and a 1-year high of $55.65.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the firm posted $0.55 EPS. The company's revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts expect that Las Vegas Sands will post 2.35 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be paid a $0.20 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a yield of 1.59%. Las Vegas Sands's payout ratio is currently 39.60%.

Insiders Place Their Bets

In related news, CEO Robert G. Goldstein sold 119,221 shares of Las Vegas Sands stock in a transaction dated Tuesday, October 29th. The stock was 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 of the company's stock, valued at $4,540,776.03. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Las Vegas Sands

Several institutional investors and hedge funds have recently modified their holdings of the business. CVA Family Office LLC grew its stake in shares of Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator's stock valued at $28,000 after buying an additional 304 shares in the last quarter. Bank & Trust Co acquired a new position in shares of Las Vegas Sands during the 2nd quarter worth approximately $29,000. Ashton Thomas Securities LLC bought a new position in shares of Las Vegas Sands in the third quarter valued at about $34,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in Las Vegas Sands by 93.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator's stock worth $40,000 after acquiring an additional 437 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in Las Vegas Sands in the 1st quarter valued at $43,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

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.