Analysts Set Las Vegas Sands Corp. (NYSE:LVS) Price Target at $58.00

Las Vegas Sands Corp. (NYSE:LVS) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $58.00.

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Mizuho increased their price target on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays increased their price target on Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. increased their price target on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus increased their price target on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th.

Las Vegas Sands Trading Down 1.2 %

Shares of LVS stock opened at $47.96 on Friday. The stock has a 50-day simple moving average of $48.56 and a 200 day simple moving average of $44.72. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $55.65. The stock has a market capitalization of $34.77 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.31 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 3.09.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the business earned $0.55 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, sell-side analysts expect that Las Vegas Sands will post 2.33 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 39.60%.

Insider Transactions at Las Vegas Sands

In other news, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at $3,129,724. This trade represents a 28.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Las Vegas Sands

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC raised its stake in shares of Las Vegas Sands by 3.6% during the 3rd quarter. Empowered Funds LLC now owns 6,050 shares of the casino operator’s stock worth $305,000 after purchasing an additional 213 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Las Vegas Sands by 4.7% during the 3rd quarter. Raymond James Trust N.A. now owns 5,062 shares of the casino operator’s stock worth $255,000 after purchasing an additional 229 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 243 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Las Vegas Sands by 7.8% during the 3rd quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock valued at $177,000 after acquiring an additional 253 shares during the last quarter. Finally, Waldron Private Wealth LLC increased its holdings in shares of Las Vegas Sands by 2.2% during the 3rd quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock valued at $628,000 after acquiring an additional 268 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

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.