Jefferies Financial Group Trims Las Vegas Sands (NYSE:LVS) Target Price to $53.00

Las Vegas Sands (NYSE:LVS) had its price objective decreased by Jefferies Financial Group from $54.00 to $53.00 in a research note released on Thursday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the casino operator’s stock.

A number of other research analysts have also recently issued reports on LVS. Morgan Stanley raised their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an overweight rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of Las Vegas Sands from $59.00 to $55.00 and set an overweight rating for the company in a report on Thursday. Mizuho reduced their target price 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. Barclays raised their target price on shares of Las Vegas Sands from $57.00 to $60.00 and gave the stock an overweight rating in a report on Wednesday, April 10th. Finally, StockNews.com raised shares of Las Vegas Sands from a hold rating to a buy rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands has a consensus rating of Moderate Buy and an average target price of $64.47.

Las Vegas Sands Trading Down 8.7 %

NYSE LVS opened at $45.88 on Thursday. The company has a fifty day simple moving average of $52.22 and a two-hundred day simple moving average of $49.60. The stock has a market cap of $34.47 billion, a P/E ratio of 22.16, a P/E/G ratio of 0.82 and a beta of 1.16. Las Vegas Sands has a 12-month low of $43.77 and a 12-month high of $65.58. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 2.96.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. The business had revenue of $2.86 billion during 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 41.81%. The business’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. On average, analysts forecast that Las Vegas Sands will post 2.67 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the sale, the chief executive officer now owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

Institutional investors and hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in Las Vegas Sands in the 3rd quarter valued at about $27,000. Western Pacific Wealth Management LP acquired a new position in Las Vegas Sands in the 3rd quarter valued at about $29,000. Coppell Advisory Solutions LLC acquired a new position in Las Vegas Sands in the 2nd quarter valued at about $29,000. Retirement Group LLC acquired a new position in shares of Las Vegas Sands in the 4th quarter worth approximately $31,000. Finally, CNB Bank acquired a new position in shares of Las Vegas Sands in the 3rd quarter worth approximately $32,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

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.