Las Vegas Sands Corp. (NYSE:LVS) Receives $68.61 Consensus PT from Analysts

Shares of Las Vegas Sands Corp. (NYSE:LVS) have earned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $68.6094.

A number of brokerages have commented on LVS. Wells Fargo & Company lifted their price objective on shares of Las Vegas Sands from $67.00 to $68.00 and gave the stock an “equal weight” rating in a report on Thursday, January 29th. Jefferies Financial Group reduced their price target on Las Vegas Sands from $78.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Las Vegas Sands in a report on Monday, December 29th. Seaport Research Partners cut their price target on shares of Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, January 14th. Finally, Argus cut their price objective on Las Vegas Sands from $80.00 to $60.00 and set a “buy” rating for the company in a report on Friday, January 30th.

Insiders Place Their Bets

In related news, EVP D. Zachary Hudson sold 53,257 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $70.37, for a total value of $3,747,695.09. Following the completion of the sale, the executive vice president directly owned 13,735 shares in the company, valued at $966,531.95. This trade represents a 79.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert G. Goldstein sold 1,198,650 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $66.68, for a total value of $79,925,982.00. The SEC filing for this sale provides additional information. Insiders sold a total of 3,082,053 shares of company stock worth $207,130,199 over the last ninety days. 1.20% of the stock is owned by company insiders.

Institutional Trading of Las Vegas Sands

Several institutional investors have recently modified their holdings of the stock. Grove Bank & Trust acquired a new position in shares of Las Vegas Sands in the 4th quarter valued at $26,000. International Assets Investment Management LLC acquired a new position in Las Vegas Sands in the fourth quarter valued at $26,000. Westside Investment Management Inc. boosted its stake in shares of Las Vegas Sands by 48.0% during the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after buying an additional 166 shares during the period. Total Investment Management Inc. acquired a new stake in shares of Las Vegas Sands during the second quarter worth about $25,000. Finally, Root Financial Partners LLC purchased a new position in shares of Las Vegas Sands during the third quarter worth about $33,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $57.83 on Monday. The company has a market cap of $39.10 billion, a P/E ratio of 24.71, a P/E/G ratio of 1.37 and a beta of 0.93. Las Vegas Sands has a 12 month low of $30.18 and a 12 month high of $70.45. The business’s 50 day moving average is $62.80 and its two-hundred day moving average is $58.34. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 7.42.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.08. Las Vegas Sands had a net margin of 12.50% and a return on equity of 87.01%. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the previous year, the company posted $0.54 EPS. Las Vegas Sands’s revenue was up 26.0% on a year-over-year basis. On average, equities analysts expect that Las Vegas Sands will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, February 9th. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.1%. Las Vegas Sands’s payout ratio is 42.74%.

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.