Las Vegas Sands (NYSE:LVS) Given New $58.00 Price Target at Wells Fargo & Company

Las Vegas Sands (NYSE:LVS) had its price objective decreased by Wells Fargo & Company from $60.00 to $58.00 in a report issued on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the casino operator’s stock.

Several other research analysts have also commented on the stock. Mizuho decreased their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a buy rating for the company in a report on Thursday, April 18th. Citigroup boosted their price target on shares of Las Vegas Sands from $74.00 to $75.00 and gave the company a buy rating in a report on Thursday, April 18th. Morgan Stanley boosted their price target on Las Vegas Sands from $61.00 to $62.00 and gave the stock an overweight rating in a research report on Tuesday, April 9th. Jefferies Financial Group reduced their price objective on shares of Las Vegas Sands from $54.00 to $53.00 and set a hold rating for the company in a report on Thursday, April 18th. Finally, Stifel Nicolaus lowered their target price on shares of Las Vegas Sands from $70.00 to $65.00 and set a buy rating on the stock in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Las Vegas Sands presently has an average rating of Moderate Buy and a consensus price target of $63.15.

Las Vegas Sands Trading Down 1.4 %

NYSE LVS opened at $42.30 on Tuesday. The company has a market capitalization of $31.52 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29. Las Vegas Sands has a 12 month low of $42.24 and a 12 month high of $61.25. The company’s fifty day moving average price is $45.16 and its two-hundred day moving average price is $48.95.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping the consensus estimate of $0.62 by $0.13. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. As a group, research analysts predict that Las Vegas Sands will post 2.69 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Monday, May 6th. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Hedge Funds Weigh In On Las Vegas Sands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LVS. Delos Wealth Advisors LLC purchased a new position in Las Vegas Sands during the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC increased its holdings in Las Vegas Sands by 150.4% in the fourth quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after buying an additional 409 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in Las Vegas Sands during the fourth quarter valued at approximately $39,000. Accent Capital Management LLC acquired a new stake in Las Vegas Sands in the fourth quarter valued at approximately $39,000. Finally, Vestor Capital LLC acquired a new position in Las Vegas Sands during the fourth quarter worth $42,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.