Las Vegas Sands Corp. (NYSE:LVS) Receives Consensus Rating of “Moderate Buy” from Analysts

Las Vegas Sands Corp. (NYSE:LVS) has been given a consensus recommendation of “Moderate Buy” by the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $67.2812.

Several analysts recently commented on LVS shares. Stifel Nicolaus raised their price target on shares of Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Wells Fargo & Company dropped their price objective on shares of Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. JPMorgan Chase & Co. lowered their price target on shares of Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Finally, Jefferies Financial Group upped their price target on shares of Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $46.16 on Thursday. The company has a market capitalization of $30.59 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.04 and a beta of 0.83. Las Vegas Sands has a 1-year low of $45.62 and a 1-year high of $70.45. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 8.64. The stock’s fifty day simple moving average is $49.91 and its 200-day simple moving average is $54.84.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. The firm had revenue of $3.58 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 quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the company posted $0.59 EPS. On average, sell-side analysts predict that Las Vegas Sands will post 3.38 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, May 5th. Las Vegas Sands’s payout ratio is presently 44.44%.

Institutional Investors Weigh In On Las Vegas Sands

A number of large investors have recently added to or reduced their stakes in LVS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Las Vegas Sands by 8.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after purchasing an additional 2,418 shares during the period. Woodline Partners LP boosted its stake in Las Vegas Sands by 38.9% during the 1st quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock valued at $1,122,000 after purchasing an additional 8,132 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Las Vegas Sands by 91.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock valued at $93,000 after purchasing an additional 1,027 shares during the period. Flow Traders U.S. LLC acquired a new stake in Las Vegas Sands in the 2nd quarter valued at approximately $414,000. Finally, Cerity Partners LLC increased its position in Las Vegas Sands by 70.0% in the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock worth $766,000 after buying an additional 7,243 shares during the period. Institutional investors own 39.16% of the company’s stock.

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.