Las Vegas Sands Corp. (NYSE:LVS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Las Vegas Sands Corp. (NYSE:LVS) have earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $55.25.

Several brokerages have recently weighed in on LVS. Argus downgraded shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Susquehanna cut their target price on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a research note on Thursday, July 25th. Macquarie decreased their price target on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Wells Fargo & Company reduced their target price on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th.

Institutional Trading of Las Vegas Sands

A number of hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC raised its stake in shares of Las Vegas Sands by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock worth $1,404,000 after acquiring an additional 288 shares in the last quarter. Czech National Bank increased its position in shares of Las Vegas Sands by 0.5% during the first quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock worth $3,359,000 after purchasing an additional 319 shares in the last quarter. Western Pacific Wealth Management LP lifted its holdings in shares of Las Vegas Sands by 53.5% during the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 338 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Las Vegas Sands by 54.8% in the 4th quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock worth $50,000 after purchasing an additional 357 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Las Vegas Sands by 0.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,098 shares of the casino operator’s stock worth $2,350,000 after buying an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 3.2 %

Shares of NYSE LVS opened at $42.10 on Friday. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $55.65. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. The business’s 50 day moving average is $40.04 and its two-hundred day moving average is $44.69. The stock has a market capitalization of $31.37 billion, a P/E ratio of 20.34, a PEG ratio of 1.12 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. As a group, research analysts expect that Las Vegas Sands will post 2.46 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm 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. This represents a $0.80 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

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.