Las Vegas Sands (NYSE:LVS) Sets New 1-Year Low – What’s Next?

Las Vegas Sands Corp. (NYSE:LVS)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $36.33 and last traded at $36.43, with a volume of 1192358 shares changing hands. The stock had previously closed at $39.04.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Citigroup lifted their price target on Las Vegas Sands from $64.50 to $67.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Barclays lowered their price objective on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. Jefferies Financial Group raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $69.00 in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.42.

Las Vegas Sands Trading Down 8.3 %

The company has a fifty day moving average of $42.88 and a 200-day moving average of $47.61. The company has a market capitalization of $23.90 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.41 and a beta of 0.99. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). Las Vegas Sands had a return on equity of 45.82% and a net margin of 12.80%. As a group, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Monday, February 10th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 50.76%.

Institutional Trading of Las Vegas Sands

Several large investors have recently bought and sold shares of LVS. Capital Research Global Investors boosted its holdings in shares of Las Vegas Sands by 26.5% during the 4th quarter. Capital Research Global Investors now owns 58,824,289 shares of the casino operator’s stock worth $3,021,205,000 after purchasing an additional 12,304,533 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Las Vegas Sands by 55.7% during the fourth quarter. Janus Henderson Group PLC now owns 14,218,581 shares of the casino operator’s stock worth $730,295,000 after buying an additional 5,088,095 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Las Vegas Sands by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 13,810,351 shares of the casino operator’s stock valued at $709,300,000 after buying an additional 160,711 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Las Vegas Sands by 13.5% in the 4th quarter. Bank of New York Mellon Corp now owns 11,662,548 shares of the casino operator’s stock worth $598,988,000 after acquiring an additional 1,389,963 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Las Vegas Sands by 29.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,382,267 shares of the casino operator’s stock worth $481,873,000 after acquiring an additional 2,152,829 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

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.