Las Vegas Sands Corp. (NYSE:LVS) has received an average rating of “Buy” from the twenty-two brokerages that are covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $73.47.
A number of analysts have issued reports on the company. Jefferies Group reaffirmed a “hold” rating on shares of Las Vegas Sands in a report on Thursday, January 25th. Morgan Stanley set a $82.00 price target on Las Vegas Sands and gave the stock a “buy” rating in a report on Thursday, March 15th. Telsey Advisory Group assumed coverage on Las Vegas Sands in a report on Tuesday, March 13th. They set a “market perform” rating and a $76.00 price target for the company. ValuEngine raised Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Finally, Roth Capital lifted their price target on Las Vegas Sands from $69.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, January 25th.
Shares of LVS stock traded up $0.96 during midday trading on Wednesday, reaching $70.28. The company’s stock had a trading volume of 1,249,970 shares, compared to its average volume of 3,731,060. The stock has a market cap of $54,685.28, a P/E ratio of 19.77 and a beta of 1.72. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.09 and a quick ratio of 1.07. Las Vegas Sands has a 12 month low of $54.71 and a 12 month high of $79.84.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be issued a $0.75 dividend. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Wednesday, March 21st. Las Vegas Sands’s payout ratio is presently 84.75%.
In other news, COO Robert G. Goldstein sold 39,155 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $76.00, for a total value of $2,975,780.00. Following the completion of the sale, the chief operating officer now directly owns 39,155 shares of the company’s stock, valued at approximately $2,975,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.10% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. Green Square Capital LLC acquired a new position in Las Vegas Sands in the 4th quarter valued at about $7,404,000. Cambridge Investment Research Advisors Inc. increased its position in Las Vegas Sands by 51.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 29,929 shares of the casino operator’s stock valued at $2,080,000 after acquiring an additional 10,219 shares during the period. Xact Kapitalforvaltning AB increased its position in Las Vegas Sands by 15.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 36,936 shares of the casino operator’s stock valued at $2,567,000 after acquiring an additional 4,973 shares during the period. Envestnet Asset Management Inc. increased its position in Las Vegas Sands by 3.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 26,349 shares of the casino operator’s stock valued at $1,831,000 after acquiring an additional 870 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in Las Vegas Sands by 63.7% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 293,000 shares of the casino operator’s stock valued at $20,361,000 after acquiring an additional 114,000 shares during the period. Hedge funds and other institutional investors own 38.63% of the company’s stock.
About Las Vegas Sands
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.