Las Vegas Sands (NYSE:LVS) Reaches New 1-Year Low – Here’s Why

Las Vegas Sands Corp. (NYSE:LVS) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $45.62 and last traded at $45.84, with a volume of 140510 shares trading hands. The stock had previously closed at $46.19.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Weiss Ratings downgraded Las Vegas Sands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on Las Vegas Sands from $77.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Barclays boosted their price objective on Las Vegas Sands from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. lowered their target price on Las Vegas Sands from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Finally, Stifel Nicolaus increased their target price on Las Vegas Sands from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.91.

Las Vegas Sands Stock Performance

The company has a 50-day moving average of $50.94 and a 200-day moving average of $55.68. The company has a market cap of $30.45 billion, a PE ratio of 16.98, a PEG ratio of 1.05 and a beta of 0.81. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the firm posted $0.59 EPS. Las Vegas Sands’s quarterly revenue was up 25.3% compared to the same quarter last year. As a group, analysts anticipate that Las Vegas Sands Corp. will post 3.38 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, May 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 44.44%.

Institutional Investors Weigh In On Las Vegas Sands

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

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.