Las Vegas Sands Corp. (NYSE:LVS) Receives $68.28 Average PT from Analysts

Shares of Las Vegas Sands Corp. (NYSE:LVS) have been given an average rating of “Moderate Buy” by the eighteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $68.2813.

A number of research firms recently issued reports on LVS. Jefferies Financial Group boosted their price objective on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. HSBC boosted their price objective on Las Vegas Sands from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Morgan Stanley boosted their price objective on Las Vegas Sands from $67.00 to $69.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Wall Street Zen cut shares of Las Vegas Sands from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Mizuho increased their price objective on shares of Las Vegas Sands from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd.

Las Vegas Sands Price Performance

LVS stock opened at $51.18 on Wednesday. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92. Las Vegas Sands has a 1 year low of $39.29 and a 1 year high of $70.45. The firm has a market cap of $33.92 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 1.15 and a beta of 0.85. The stock has a 50-day simple moving average of $53.95 and a 200-day simple moving average of $59.14.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, April 22nd. The casino operator reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.15. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The company’s revenue was up 25.3% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. On average, equities analysts predict that Las Vegas Sands will post 3.38 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, May 13th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. Las Vegas Sands’s dividend payout ratio (DPR) is 44.44%.

Insider Transactions at Las Vegas Sands

In other news, CEO Patrick Dumont sold 60,165 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the completion of the sale, the chief executive officer directly owned 511,942 shares of the company’s stock, valued at $28,028,824.50. This represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Grove Bank & Trust bought a new position in shares of Las Vegas Sands in the 4th quarter valued at approximately $26,000. International Assets Investment Management LLC bought a new position in shares of Las Vegas Sands in the 4th quarter valued at approximately $26,000. DV Equities LLC bought a new stake in shares of Las Vegas Sands during the 4th quarter worth $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Las Vegas Sands during the 4th quarter worth $29,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of Las Vegas Sands by 48.0% during the 3rd quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after buying an additional 166 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

About Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.