Las Vegas Sands Corp. (NYSE:LVS) Receives $63.46 Average PT from Brokerages

Shares of Las Vegas Sands Corp. (NYSE:LVS) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $63.46.

LVS has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 18th. StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Morgan Stanley lifted their price objective on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, April 18th.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the transaction, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Las Vegas Sands

A number of institutional investors have recently made changes to their positions in LVS. Vanguard Group Inc. lifted its holdings in Las Vegas Sands by 13.1% during the 4th quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock worth $1,815,760,000 after purchasing an additional 4,264,043 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Las Vegas Sands by 6.4% during the 4th quarter. Fisher Asset Management LLC now owns 11,275,127 shares of the casino operator’s stock worth $554,849,000 after purchasing an additional 680,575 shares in the last quarter. Bank of New York Mellon Corp grew its position in Las Vegas Sands by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 9,814,819 shares of the casino operator’s stock worth $507,426,000 after buying an additional 600,002 shares in the last quarter. Norges Bank bought a new position in shares of Las Vegas Sands in the fourth quarter worth $266,538,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Las Vegas Sands by 13.4% during the 4th 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. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Down 0.2 %

NYSE:LVS opened at $45.45 on Tuesday. The business’s 50-day simple moving average is $51.18 and its 200-day simple moving average is $49.65. Las Vegas Sands has a fifty-two week low of $43.77 and a fifty-two week high of $65.58. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $33.86 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 0.85 and a beta of 1.16.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The business’s revenue was up 34.9% on a year-over-year basis. Sell-side analysts expect that Las Vegas Sands will post 2.65 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be paid a $0.20 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.80 annualized dividend and a yield of 1.76%. Las Vegas Sands’s dividend payout ratio is 38.65%.

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.