Brokerages Set Las Vegas Sands Corp. (NYSE:LVS) Target Price at $63.46

Las Vegas Sands Corp. (NYSE:LVS) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $63.46.

A number of equities analysts have recently issued reports on LVS shares. Barclays reduced their price target on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Citigroup raised their target price on Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Morgan Stanley upped their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th.

Insider Activity

In related news, CEO Robert G. Goldstein sold 100,000 shares of Las Vegas Sands stock in a transaction dated Friday, March 15th. The stock was 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 in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Las Vegas Sands

Several hedge funds have recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Las Vegas Sands in the third quarter valued at approximately $27,000. Western Pacific Wealth Management LP acquired a new stake in shares of Las Vegas Sands during the third quarter worth $29,000. Delos Wealth Advisors LLC purchased a new stake in shares of Las Vegas Sands in the fourth quarter valued at $33,000. Venturi Wealth Management LLC increased its stake in Las Vegas Sands by 150.4% in the fourth quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock valued at $34,000 after purchasing an additional 409 shares during the last quarter. Finally, CNB Bank purchased a new position in Las Vegas Sands during the third quarter worth about $32,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Stock Up 0.7 %

Shares of Las Vegas Sands stock opened at $45.78 on Tuesday. Las Vegas Sands has a one year low of $43.77 and a one year high of $65.58. The company has a market cap of $34.11 billion, a P/E ratio of 22.12, a PEG ratio of 0.84 and a beta of 1.17. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 1.30. The firm has a fifty day moving average of $51.00 and a two-hundred day moving average of $49.67.

Las Vegas Sands (NYSE:LVS) last issued 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 for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The business’s revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. On average, analysts forecast that Las Vegas Sands will post 2.65 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Monday, May 6th. Las Vegas Sands’s payout ratio is 38.65%.

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.