Las Vegas Sands Corp. (NYSE:LVS) Receives Average Rating of “Hold” from Brokerages

Shares of Las Vegas Sands Corp. (NYSE:LVS) have been given a consensus recommendation of “Hold” by the twenty brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $59.8438.

LVS has been the topic of several research reports. UBS Group set a $52.00 target price on Las Vegas Sands in a research report on Thursday, July 2nd. HSBC dropped their price target on Las Vegas Sands from $78.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. reduced their price objective on Las Vegas Sands from $64.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group decreased their target price on Las Vegas Sands from $52.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, July 23rd.

Las Vegas Sands Stock Up 0.9%

NYSE:LVS opened at $40.33 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27. Las Vegas Sands has a twelve month low of $39.53 and a twelve month high of $70.45. The company has a market cap of $26.12 billion, a PE ratio of 15.69, a P/E/G ratio of 0.99 and a beta of 0.83. The company’s 50 day moving average is $45.14 and its two-hundred day moving average is $49.39.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.31 billion. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. Analysts anticipate 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 dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 3.0%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 46.69%.

Institutional Trading of Las Vegas Sands

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC increased its stake in shares of Las Vegas Sands by 27.1% in the second quarter. Sequoia Financial Advisors LLC now owns 9,430 shares of the casino operator’s stock worth $436,000 after acquiring an additional 2,009 shares during the period. Tidal Investments LLC lifted its position in Las Vegas Sands by 50.0% during the second quarter. Tidal Investments LLC now owns 70,778 shares of the casino operator’s stock valued at $3,269,000 after purchasing an additional 23,597 shares during the period. National Pension Service boosted its holdings in Las Vegas Sands by 5.2% in the second quarter. National Pension Service now owns 378,405 shares of the casino operator’s stock valued at $17,479,000 after purchasing an additional 18,593 shares during the last quarter. Arizona State Retirement System boosted its holdings in Las Vegas Sands by 3.5% in the second quarter. Arizona State Retirement System now owns 85,620 shares of the casino operator’s stock valued at $3,955,000 after purchasing an additional 2,930 shares during the last quarter. Finally, Empirical Finance LLC grew its position in Las Vegas Sands by 103.7% during the 2nd quarter. Empirical Finance LLC now owns 23,058 shares of the casino operator’s stock worth $1,065,000 after purchasing an additional 11,739 shares during the period. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile

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.