Las Vegas Sands (NYSE:LVS) Price Target Raised to $61.00 at Barclays

Las Vegas Sands (NYSE:LVS) had its price objective boosted by Barclays from $58.00 to $61.00 in a research report report published on Friday,Benzinga reports. They currently have an overweight rating on the casino operator’s stock.

Several other analysts have also issued reports on LVS. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Susquehanna boosted their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Stifel Nicolaus raised their target price on Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on Las Vegas Sands from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday. Finally, UBS Group upped their price target on Las Vegas Sands from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average price target of $58.42.

Las Vegas Sands Stock Performance

LVS stock opened at $53.87 on Friday. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. Las Vegas Sands has a 1 year low of $36.62 and a 1 year high of $56.60. The company has a market cap of $39.06 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. The stock’s fifty day moving average price is $51.85 and its 200-day moving average price is $45.63.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the previous year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities analysts forecast that Las Vegas Sands will post 2.33 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio is currently 39.60%.

Insider Buying and Selling

In other news, CEO Robert G. Goldstein sold 119,221 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the sale, the chief executive officer now directly owns 84,511 shares of the company’s stock, valued at $4,540,776.03. This represents a 58.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 203,732 shares of company stock valued at $10,861,707. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in Las Vegas Sands in the third quarter worth $26,000. CVA Family Office LLC lifted its holdings in shares of Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after acquiring an additional 304 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Las Vegas Sands during the 3rd quarter worth about $34,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Las Vegas Sands by 93.2% during the 2nd 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, GAMMA Investing LLC raised its position in Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the period. 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.