Las Vegas Sands (NYSE:LVS) Price Target Lowered to $55.00 at Deutsche Bank Aktiengesellschaft

Las Vegas Sands (NYSE:LVS) had its price target decreased by Deutsche Bank Aktiengesellschaft from $61.00 to $55.00 in a report released on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the casino operator’s stock.

A number of other equities analysts have also recently commented on the company. Morgan Stanley decreased their price target on Las Vegas Sands from $59.00 to $55.00 and set an overweight rating on the stock in a research note on Friday, July 12th. JPMorgan Chase & Co. decreased their price target on Las Vegas Sands from $59.00 to $55.00 and set an overweight rating on the stock in a research note on Thursday, April 18th. Macquarie decreased their price target on Las Vegas Sands from $60.00 to $58.00 and set an outperform rating on the stock in a research note on Tuesday, July 9th. Susquehanna decreased their price target on Las Vegas Sands from $59.00 to $51.00 and set a positive rating on the stock in a research note on Thursday. Finally, Citigroup lifted their price target on Las Vegas Sands from $74.00 to $75.00 and gave the stock a buy rating in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $58.00.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $39.18 on Thursday. The stock has a market cap of $29.19 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 0.90 and a beta of 1.12. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.96. Las Vegas Sands has a 1-year low of $38.92 and a 1-year high of $60.47. The stock’s 50-day moving average is $43.40 and its 200 day moving average is $47.90.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 43.61%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. On average, sell-side analysts anticipate that Las Vegas Sands will post 2.49 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 2.04%. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Institutional Investors Weigh In On Las Vegas Sands

Hedge funds have recently made changes to their positions in the company. Clearbridge Investments LLC boosted its position in shares of Las Vegas Sands by 3.1% during the fourth quarter. Clearbridge Investments LLC now owns 629,182 shares of the casino operator’s stock valued at $30,962,000 after purchasing an additional 19,200 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Las Vegas Sands by 27.6% in the first quarter. Nordea Investment Management AB now owns 891,796 shares of the casino operator’s stock worth $46,124,000 after acquiring an additional 193,110 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Las Vegas Sands by 0.6% in the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after acquiring an additional 209,589 shares in the last quarter. ARGA Investment Management LP boosted its holdings in Las Vegas Sands by 6.4% in the first quarter. ARGA Investment Management LP now owns 3,308,987 shares of the casino operator’s stock worth $171,075,000 after acquiring an additional 198,413 shares in the last quarter. Finally, AM Squared Ltd bought a new stake in Las Vegas Sands in the fourth quarter worth $3,076,000. 39.16% of the stock is currently owned by institutional investors.

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.