Las Vegas Sands Corp. (NYSE:LVS) has been given a consensus rating of “Hold” by the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $68.42.
A number of equities research analysts recently issued reports on the company. Morgan Stanley set a $14.00 target price on Secureworks and gave the company a “hold” rating in a research report on Thursday, June 6th. Goldman Sachs Group raised Las Vegas Sands to a “buy” rating in a research report on Tuesday, June 11th. Telsey Advisory Group reissued a “market perform” rating and issued a $64.00 target price (up previously from $58.00) on shares of Las Vegas Sands in a research report on Thursday, April 18th. Stifel Nicolaus lifted their target price on Las Vegas Sands from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Zacks Investment Research lowered Horiba from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd.
A number of hedge funds have recently bought and sold shares of the business. Ridgewood Investments LLC boosted its stake in shares of Las Vegas Sands by 8.3% during the 2nd quarter. Ridgewood Investments LLC now owns 6,879 shares of the casino operator’s stock worth $406,000 after acquiring an additional 526 shares during the period. Windward Capital Management Co. CA boosted its stake in shares of Las Vegas Sands by 0.5% during the 2nd quarter. Windward Capital Management Co. CA now owns 36,627 shares of the casino operator’s stock worth $2,164,000 after acquiring an additional 188 shares during the period. Boston Private Wealth LLC boosted its stake in shares of Las Vegas Sands by 3,350.3% during the 2nd quarter. Boston Private Wealth LLC now owns 183,039 shares of the casino operator’s stock worth $10,816,000 after acquiring an additional 177,734 shares during the period. Advisory Services Network LLC boosted its stake in shares of Las Vegas Sands by 119.1% during the 1st quarter. Advisory Services Network LLC now owns 4,149 shares of the casino operator’s stock worth $253,000 after acquiring an additional 2,255 shares during the period. Finally, Allstate Corp boosted its stake in shares of Las Vegas Sands by 14.0% during the 1st quarter. Allstate Corp now owns 51,834 shares of the casino operator’s stock worth $3,160,000 after acquiring an additional 6,370 shares during the period. Hedge funds and other institutional investors own 36.37% of the company’s stock.
Shares of NYSE LVS traded up $0.63 during mid-day trading on Tuesday, reaching $63.23. 2,052,077 shares of the company’s stock were exchanged, compared to its average volume of 3,317,038. The stock has a market capitalization of $48.86 billion, a price-to-earnings ratio of 19.05 and a beta of 1.52. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.73 and a quick ratio of 1.72. The firm’s fifty day moving average is $58.51. Las Vegas Sands has a twelve month low of $47.39 and a twelve month high of $76.10.
Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.48 billion. Las Vegas Sands had a return on equity of 34.52% and a net margin of 11.15%. Las Vegas Sands’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. As a group, research analysts predict that Las Vegas Sands will post 3.59 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Wednesday, June 19th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Tuesday, June 18th. Las Vegas Sands’s dividend payout ratio is presently 92.77%.
About Las Vegas Sands
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.
Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.