Las Vegas Sands Corp. (NYSE:LVS) Receives $59.00 Average Price Target from Analysts

Shares of Las Vegas Sands Corp. (NYSE:LVS) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $59.00.

A number of research analysts have weighed in on LVS shares. Morgan Stanley raised their price target on Las Vegas Sands from $47.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group initiated coverage on shares of Las Vegas Sands in a research note on Monday, July 7th. They issued a “neutral” rating and a $52.00 price target for the company. Argus upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Monday, July 28th. Susquehanna cut their price target on shares of Las Vegas Sands from $59.00 to $58.00 and set a “positive” rating for the company in a research note on Monday, July 21st. Finally, Mizuho increased their price target on shares of Las Vegas Sands from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th.

Las Vegas Sands Stock Up 0.4%

Las Vegas Sands stock opened at $53.99 on Friday. The company has a market cap of $37.06 billion, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 1.96 and a beta of 1.04. Las Vegas Sands has a 1-year low of $30.18 and a 1-year high of $58.05. The company has a fifty day simple moving average of $52.42 and a 200 day simple moving average of $44.31. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.26. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. Research analysts anticipate that Las Vegas Sands will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Tuesday, August 5th were paid a $0.25 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 50.51%.

Institutional Trading of Las Vegas Sands

Large investors have recently added to or reduced their stakes in the company. Total Investment Management Inc. acquired a new stake in Las Vegas Sands in the second quarter valued at $25,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Las Vegas Sands by 37.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock valued at $38,000 after purchasing an additional 239 shares during the period. Mizuho Securities Co. Ltd. bought a new position in shares of Las Vegas Sands in the second quarter valued at about $41,000. Center for Financial Planning Inc. bought a new position in shares of Las Vegas Sands in the first quarter valued at about $42,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Las Vegas Sands in the second quarter valued at about $42,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.