Las Vegas Sands (NYSE:LVS) Trading Down 1.5%

Las Vegas Sands Corp. (NYSE:LVS)’s share price traded down 1.5% during trading on Friday . The stock traded as low as $40.30 and last traded at $40.44. 622,866 shares were traded during mid-day trading, a decline of 89% from the average session volume of 5,455,816 shares. The stock had previously closed at $41.07.

Analyst Ratings Changes

LVS has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Stifel Nicolaus decreased their price objective on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Barclays cut their target price on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Morgan Stanley decreased their target price on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Finally, Susquehanna cut their price target on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.67.

Las Vegas Sands Trading Down 1.1 %

The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.29. The firm has a market capitalization of $30.25 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12. The business’s 50 day moving average price is $41.38 and its 200-day moving average price is $46.49.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the company posted $0.46 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that Las Vegas Sands Corp. will post 2.48 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.97%. Las Vegas Sands’s payout ratio is currently 38.65%.

Hedge Funds Weigh In On Las Vegas Sands

A number of large investors have recently made changes to their positions in LVS. Bank & Trust Co purchased a new position in Las Vegas Sands in the second quarter valued at about $29,000. Delos Wealth Advisors LLC purchased a new position in Las Vegas Sands in the 4th quarter valued at approximately $33,000. Accent Capital Management LLC acquired a new position in Las Vegas Sands during the fourth quarter worth $39,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 437 shares during the last quarter. Finally, Vestor Capital LLC purchased a new position in shares of Las Vegas Sands in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Company Profile

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.