Las Vegas Sands Corp. (NYSE:LVS) Receives $55.83 Consensus Price Target from Analysts

Shares of Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen research firms that are currently covering the stock, MarketBeat Ratings 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 price target among brokers that have issued ratings on the stock in the last year is $56.25.

Several brokerages recently weighed in on LVS. Macquarie cut their price target on Las Vegas Sands from $58.00 to $56.00 and set an "outperform" rating for the company in a research note on Thursday, July 25th. Stifel Nicolaus reduced their target price on Las Vegas Sands from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday, July 25th. Argus cut shares of Las Vegas Sands from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th. Jefferies Financial Group cut their price target on shares of Las Vegas Sands from $53.00 to $47.00 and set a "hold" rating for the company in a report on Thursday, July 11th. Finally, Wells Fargo & Company increased their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st.

Hedge Funds Weigh In On Las Vegas Sands

A number of institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. grew its stake in shares of Las Vegas Sands by 14.6% in the 4th quarter. American International Group Inc. now owns 96,458 shares of the casino operator's stock valued at $4,747,000 after buying an additional 12,252 shares during the period. Wellington Management Group LLP grew its position in Las Vegas Sands by 13.4% in the fourth quarter. Wellington Management Group LLP now owns 5,356,682 shares of the casino operator's stock worth $263,602,000 after acquiring an additional 633,028 shares during the period. Vanguard Group Inc. increased its stake in Las Vegas Sands by 13.1% during the fourth quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator's stock worth $1,815,760,000 after acquiring an additional 4,264,043 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Las Vegas Sands by 45.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 39,726 shares of the casino operator's stock worth $1,955,000 after acquiring an additional 12,378 shares during the last quarter. Finally, CWM LLC raised its position in Las Vegas Sands by 44.4% in the first quarter. CWM LLC now owns 13,442 shares of the casino operator's stock valued at $695,000 after purchasing an additional 4,132 shares during the period. Hedge funds and other institutional investors own 39.16% of the company's stock.

Las Vegas Sands Stock Performance

Shares of NYSE LVS traded down $1.32 during midday trading on Tuesday, reaching $50.95. 5,008,426 shares of the stock were exchanged, compared to its average volume of 5,821,792. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. The firm has a market cap of $37.96 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.48 and a beta of 1.12. The firm has a 50-day simple moving average of $43.21 and a two-hundred day simple moving average of $44.42. Las Vegas Sands has a twelve month low of $36.62 and a twelve month high of $55.65.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. As a group, analysts anticipate that Las Vegas Sands will post 2.45 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.57%. Las Vegas Sands's dividend payout ratio is presently 38.65%.

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.