Las Vegas Sands Corp. (NYSE:LVS) Receives $67.91 Consensus Price Target from Brokerages

Shares of Las Vegas Sands Corp. (NYSE:LVS) have earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $67.9063.

LVS has been the topic of several recent analyst reports. Citigroup lifted their price objective on Las Vegas Sands from $76.75 to $78.50 and gave the company a “buy” rating in a report on Monday, April 13th. Morgan Stanley lifted their price objective on Las Vegas Sands from $67.00 to $69.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. HSBC boosted their target price on Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft cut their target price on Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Weiss Ratings cut Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the transaction, the chief executive officer directly owned 511,942 shares of the company’s stock, valued at approximately $28,028,824.50. The trade was a 10.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

Institutional Trading of Las Vegas Sands

Several institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in Las Vegas Sands by 7.2% in the 1st quarter. Parallel Advisors LLC now owns 5,988 shares of the casino operator’s stock valued at $323,000 after purchasing an additional 403 shares during the period. Optiver Holding B.V. bought a new stake in Las Vegas Sands in the 1st quarter valued at $159,000. Glenmede Trust Co. NA boosted its stake in Las Vegas Sands by 147.1% in the 1st quarter. Glenmede Trust Co. NA now owns 20,237 shares of the casino operator’s stock valued at $1,090,000 after purchasing an additional 12,048 shares during the period. Groupama Asset Managment boosted its stake in Las Vegas Sands by 125.6% in the 1st quarter. Groupama Asset Managment now owns 20,418 shares of the casino operator’s stock valued at $1,100,000 after purchasing an additional 11,369 shares during the period. Finally, Edgestream Partners L.P. boosted its stake in Las Vegas Sands by 373.7% in the 1st quarter. Edgestream Partners L.P. now owns 145,011 shares of the casino operator’s stock valued at $7,813,000 after purchasing an additional 114,400 shares during the period. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Performance

Las Vegas Sands stock opened at $50.70 on Friday. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a fifty day moving average price of $52.68 and a two-hundred day moving average price of $57.40. Las Vegas Sands has a 52-week low of $40.03 and a 52-week high of $70.45. The firm has a market capitalization of $33.60 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.15 and a beta of 0.81.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.15. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 earnings per share. As a group, analysts anticipate that Las Vegas Sands will post 3.38 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Tuesday, May 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. Las Vegas Sands’s payout ratio is 44.44%.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.