Las Vegas Sands Corp. (NYSE:LVS) Receives $58.42 Average Price Target from Analysts

Las Vegas Sands Corp. (NYSE:LVS) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $58.42.

Several brokerages have issued reports on LVS. JPMorgan Chase & Co. upped their price objective on Las Vegas Sands from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Morgan Stanley raised their price objective on Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus lifted their price objective on shares of Las Vegas Sands from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Wells Fargo & Company increased their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, UBS Group lifted their price target on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th.

Las Vegas Sands Stock Up 1.3 %

LVS stock opened at $51.36 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The firm has a 50 day simple moving average of $51.84 and a 200-day simple moving average of $46.28. The company has a market capitalization of $37.24 billion, a P/E ratio of 25.43, a PEG ratio of 1.43 and a beta of 1.10. Las Vegas Sands has a twelve month low of $36.62 and a twelve month high of $56.60.

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

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.56%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 24,324 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the sale, the chief executive officer now owns 60,187 shares of the company’s stock, valued at $3,129,724. This represents a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were 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. Insiders sold 203,732 shares of company stock valued at $10,861,707 in the last three months. 0.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Las Vegas Sands

Institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Las Vegas Sands in the 3rd quarter worth $26,000. CVA Family Office LLC raised its position in Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after acquiring an additional 304 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Las Vegas Sands in the 3rd quarter valued at about $34,000. Capital Performance Advisors LLP bought a new position in shares of Las Vegas Sands during the 3rd quarter valued at about $43,000. Finally, GAMMA Investing LLC grew its stake in shares of 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 last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

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.