Las Vegas Sands Corp. (NYSE:LVS) Stock Rated “Hold” by Sell-Side Analysts

Shares of Las Vegas Sands Corp. (NYSE:LVS) have received a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $53.28.

A number of brokerages have recently commented on LVS. Susquehanna set a $47.00 price objective on shares of Las Vegas Sands in a research note on Thursday, October 22nd. Weiss Ratings cut Las Vegas Sands from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, October 19th. JPMorgan Chase & Co. decreased their price target on shares of Las Vegas Sands from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $62.00 price objective (down from $73.00) on shares of Las Vegas Sands in a research note on Thursday, July 23rd. Finally, Citigroup started coverage on Las Vegas Sands in a report on Monday, October 12th. They issued a “buy” rating and a $71.50 target price for the company.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp grew its stake in Las Vegas Sands by 6.5% during the 2nd quarter. State Street Corp now owns 15,159,570 shares of the casino operator’s stock worth $700,221,000 after purchasing an additional 919,452 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Las Vegas Sands by 4.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator’s stock worth $462,450,000 after acquiring an additional 396,705 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Las Vegas Sands by 36.9% in the 2nd quarter. Allianz Asset Management GmbH now owns 4,617,148 shares of the casino operator’s stock valued at $213,266,000 after purchasing an additional 1,244,943 shares during the last quarter. Bamco Inc. NY purchased a new position in Las Vegas Sands in the second quarter valued at $174,796,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Las Vegas Sands by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,780,266 shares of the casino operator’s stock worth $203,616,000 after acquiring an additional 90,690 shares in the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Las Vegas Sands Stock Performance

Shares of LVS opened at $40.76 on Wednesday. The stock has a 50-day moving average of $39.12 and a two-hundred day moving average of $48.35. The stock has a market cap of $25.56 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.95 and a beta of 0.78. Las Vegas Sands has a one year low of $35.03 and a one year high of $70.45. The company has a debt-to-equity ratio of 15.27, a quick ratio of 0.82 and a current ratio of 0.83.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, October 21st. The casino operator reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.14). Las Vegas Sands had a return on equity of 177.43% and a net margin of 11.85%. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the business posted $0.78 earnings per share. Las Vegas Sands’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, research analysts predict that Las Vegas Sands will post 2.81 EPS for the current year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Monday, November 2nd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, November 2nd. Las Vegas Sands’s payout ratio is presently 49.18%.

Las Vegas Sands Company Profile

Las Vegas Sands is a global developer and operator of integrated resorts, combining casino gaming with hotels, dining, shopping, entertainment and convention facilities. The company’s properties include Marina Bay Sands in Singapore and several resorts in Macau, such as The Venetian Macao, The Londoner Macao and The Parisian Macao. Founded by Sheldon Adelson, the company helped popularize the integrated-resort model with The Venetian Resort in Las Vegas, which opened in 1999. Las Vegas Sands sold its Las Vegas properties in 2022 and now focuses its resort operations on Macau and Singapore.