Las Vegas Sands Corp. (LVS) – What Are Brokerages Saying About This Stock?

Shares of Las Vegas Sands Corp. (NYSE:LVS) have received an average rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the firm, MarketBeat Ratings reports. Ten 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 target among analysts that have covered the stock in the last year is $59.69.

LVS has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $62.00 price target (down from $73.00) on shares of Las Vegas Sands in a research note on Thursday, July 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. HC Wainwright lowered shares of Las Vegas Sands to a “neutral” rating in a research note on Thursday, July 30th. Jefferies Financial Group dropped their target price on shares of Las Vegas Sands from $52.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Finally, Wells Fargo & Company cut their target price on shares of Las Vegas Sands from $53.00 to $48.00 and set an “equal weight” rating for the company in a research note on Monday, July 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Krilogy Financial LLC grew its stake in Las Vegas Sands by 11.4% in the 3rd quarter. Krilogy Financial LLC now owns 17,003 shares of the casino operator’s stock valued at $615,000 after buying an additional 1,734 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in Las Vegas Sands during the third quarter worth approximately $213,000. GAMMA Investing LLC lifted its position in Las Vegas Sands by 37.5% during the third quarter. GAMMA Investing LLC now owns 9,569 shares of the casino operator’s stock worth $362,000 after acquiring an additional 2,609 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Las Vegas Sands by 118.7% during the third quarter. Farther Finance Advisors LLC now owns 7,448 shares of the casino operator’s stock worth $282,000 after acquiring an additional 4,042 shares during the last quarter. Finally, Gradient Investments LLC bought a new stake in shares of Las Vegas Sands during the third quarter worth approximately $1,037,000. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Stock Down 0.0%

LVS stock opened at $37.02 on Friday. The company has a market cap of $23.98 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 0.91 and a beta of 0.78. Las Vegas Sands has a twelve month low of $35.28 and a twelve month high of $70.45. The business has a 50 day moving average price of $42.01 and a two-hundred day moving average price of $47.39. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a net margin of 12.59% and a return on equity of 133.90%. Las Vegas Sands’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 earnings per share. Analysts anticipate that Las Vegas Sands will post 3.09 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $1.20 annualized dividend and a yield of 3.2%. Las Vegas Sands’s dividend payout ratio is currently 46.69%.

About Las Vegas Sands

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts that combine casino gaming with hotels, convention and exhibition facilities, retail, dining and entertainment venues. The company’s properties are designed to serve leisure travelers, business visitors and convention groups.

Las Vegas Sands operates major integrated resorts in Macau, including The Venetian Macao, The Parisian Macao, The Londoner Macao and Four Seasons Hotel Macao. In Singapore, it operates Marina Bay Sands, a large resort featuring hotel accommodations, gaming, shopping, dining, entertainment and convention facilities.