Las Vegas Sands Corp. (NYSE:LVS) Stock Has Consensus Price Target of $60.16 According to Analysts

Las Vegas Sands Corp. (NYSE:LVS) has been given an average rating of “Moderate Buy” by the twenty-one brokerages that are currently covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $60.16.

LVS has been the subject of several analyst reports. Wall Street Zen cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. HSBC cut their price objective on shares of Las Vegas Sands from $78.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. The Goldman Sachs Group decreased their target price on shares of Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Jefferies Financial Group lowered their target price on shares of Las Vegas Sands from $52.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd.

Institutional Trading of Las Vegas Sands

Several large investors have recently made changes to their positions in LVS. Geneos Wealth Management Inc. boosted its stake in Las Vegas Sands by 73.4% in the first quarter. Geneos Wealth Management Inc. now owns 886 shares of the casino operator’s stock valued at $48,000 after buying an additional 375 shares in the last quarter. Root Financial Partners LLC increased its position in Las Vegas Sands by 101.3% in the 1st quarter. Root Financial Partners LLC now owns 1,556 shares of the casino operator’s stock valued at $84,000 after acquiring an additional 783 shares during the period. Covestor Ltd raised its position in Las Vegas Sands by 174.6% during the 2nd quarter. Covestor Ltd now owns 1,634 shares of the casino operator’s stock worth $75,000 after purchasing an additional 1,039 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Las Vegas Sands during the 2nd quarter worth approximately $86,000. Finally, Pension & Wealth Management Advisors Inc. raised its position in shares of Las Vegas Sands by 13.9% in the 2nd quarter. Pension & Wealth Management Advisors Inc. now owns 2,012 shares of the casino operator’s stock worth $93,000 after acquiring an additional 245 shares in the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

Shares of NYSE LVS opened at $36.13 on Friday. The company has a debt-to-equity ratio of 15.27, a current ratio of 1.00 and a quick ratio of 0.99. The stock’s fifty day moving average price is $42.37 and its two-hundred day moving average price is $47.62. Las Vegas Sands has a one year low of $35.28 and a one year high of $70.45. The firm has a market cap of $23.40 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.89 and a beta of 0.78.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the business earned $0.66 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts forecast that Las Vegas Sands will post 3.09 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio is presently 46.69%.

Las Vegas Sands Company Profile

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts that combine casino gaming with hotels, convention and exhibition facilities, retail, dining and entertainment venues. The company’s properties are designed to serve leisure travelers, business visitors and convention groups.

Las Vegas Sands operates major integrated resorts in Macau, including The Venetian Macao, The Parisian Macao, The Londoner Macao and Four Seasons Hotel Macao. In Singapore, it operates Marina Bay Sands, a large resort featuring hotel accommodations, gaming, shopping, dining, entertainment and convention facilities.