Las Vegas Sands (LVS) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Las Vegas Sands (NYSE:LVS) in a report released on Tuesday morning. Stifel Nicolaus currently has a $76.00 target price on the casino operator’s stock.

Several other analysts have also issued reports on the company. Zacks Investment Research raised Las Vegas Sands from a hold rating to a buy rating and set a $79.00 target price on the stock in a report on Tuesday, December 26th. Barclays increased their target price on Las Vegas Sands from $69.00 to $75.00 and gave the stock an overweight rating in a report on Thursday, December 7th. Morgan Stanley raised Las Vegas Sands from an equal weight rating to an overweight rating and set a $65.00 target price on the stock in a report on Monday, November 6th. Roth Capital started coverage on Las Vegas Sands in a report on Wednesday, October 25th. They set a buy rating and a $69.00 target price on the stock. Finally, Nomura increased their target price on Las Vegas Sands from $54.00 to $57.00 and gave the stock a neutral rating in a report on Thursday, October 26th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $66.19.

Las Vegas Sands (NYSE LVS) traded up $0.39 during mid-day trading on Tuesday, reaching $71.02. The company’s stock had a trading volume of 2,912,556 shares, compared to its average volume of 2,800,000. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. The company has a market cap of $56,140.00, a PE ratio of 26.80 and a beta of 1.80. Las Vegas Sands has a 1 year low of $51.35 and a 1 year high of $72.20.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.10. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Las Vegas Sands had a return on equity of 31.11% and a net margin of 16.80%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 EPS. equities research analysts expect that Las Vegas Sands will post 2.9 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, December 21st were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Wednesday, December 20th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 110.19%.

In other Las Vegas Sands news, Director George Jamieson acquired 1,000 shares of Las Vegas Sands stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average cost of $66.96 per share, with a total value of $66,960.00. Following the completion of the purchase, the director now directly owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in LVS. Janus Henderson Group PLC boosted its stake in Las Vegas Sands by 183.0% in the second quarter. Janus Henderson Group PLC now owns 3,241,450 shares of the casino operator’s stock valued at $207,090,000 after buying an additional 2,095,879 shares in the last quarter. Investec Asset Management LTD boosted its stake in shares of Las Vegas Sands by 90.9% during the third quarter. Investec Asset Management LTD now owns 3,437,448 shares of the casino operator’s stock valued at $220,547,000 after purchasing an additional 1,637,248 shares in the last quarter. Capital World Investors boosted its stake in shares of Las Vegas Sands by 14.5% during the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after purchasing an additional 1,263,000 shares in the last quarter. Maverick Capital Ltd. boosted its stake in shares of Las Vegas Sands by 169.2% during the second quarter. Maverick Capital Ltd. now owns 1,369,589 shares of the casino operator’s stock valued at $87,503,000 after purchasing an additional 860,856 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in shares of Las Vegas Sands by 49.4% during the third quarter. Alyeska Investment Group L.P. now owns 1,859,527 shares of the casino operator’s stock valued at $119,307,000 after purchasing an additional 614,622 shares in the last quarter. 37.37% of the stock is currently owned by institutional investors and hedge funds.

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About Las Vegas Sands

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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