Brokerages Set Las Vegas Sands Corp. (NYSE:LVS) PT at $59.84

Shares of Las Vegas Sands Corp. (NYSE:LVS) have been assigned an average rating of “Hold” from the twenty ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $59.8438.

LVS has been the subject of a number of research analyst reports. HSBC lowered their target price on Las Vegas Sands from $78.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Mizuho cut their price target on shares of Las Vegas Sands from $67.00 to $61.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Bank of America reduced their price target on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. The Goldman Sachs Group lowered their price objective on shares of Las Vegas Sands from $63.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Zacks Research cut shares of Las Vegas Sands from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd.

Institutional Trading of Las Vegas Sands

A number of large investors have recently modified their holdings of LVS. Norges Bank acquired a new stake in shares of Las Vegas Sands in the 4th quarter valued at $364,892,000. Bamco Inc. NY purchased a new stake in shares of Las Vegas Sands during the 2nd quarter worth $174,796,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Las Vegas Sands by 58.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,186,257 shares of the casino operator’s stock worth $532,843,000 after purchasing an additional 3,018,704 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Las Vegas Sands during the second quarter worth $107,407,000. Finally, Legal & General Group Plc acquired a new position in shares of Las Vegas Sands during the second quarter worth $83,696,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Down 1.0%

Shares of NYSE LVS opened at $40.64 on Tuesday. The firm has a market cap of $26.33 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.01 and a beta of 0.83. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. Las Vegas Sands has a 52-week low of $40.63 and a 52-week high of $70.45. The business’s 50 day moving average is $45.39 and its two-hundred day moving average is $49.62.

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

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, August 4th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, August 4th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 46.69%.

About Las Vegas Sands

Las Vegas Sands Corp. (NYSE: LVS) develops and operates integrated resorts that combine casino gaming with hotels, convention and meeting facilities, dining, retail, entertainment and other leisure offerings. The company primarily serves international tourism, business travel and premium gaming markets.

Las Vegas Sands’ principal properties are Marina Bay Sands in Singapore and a portfolio of integrated resorts in Macao, including The Venetian Macao, The Londoner Macao, The Parisian Macao and Four Seasons Hotel Macao.