Las Vegas Sands (NYSE:LVS) Reaches New 52-Week Low at $42.92

Las Vegas Sands Corp. (NYSE:LVS)’s share price hit a new 52-week low on Monday . The stock traded as low as $42.92 and last traded at $43.01, with a volume of 1598384 shares. The stock had previously closed at $44.25.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LVS. Jefferies Financial Group reduced their target price on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Mizuho dropped their target price on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Stifel Nicolaus reduced their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Barclays decreased their price target on Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, June 7th. Finally, JPMorgan Chase & Co. cut their price objective on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.31.

Las Vegas Sands Trading Down 3.1 %

The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29. The company has a market capitalization of $31.96 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The firm has a fifty day moving average price of $45.24 and a 200-day moving average price of $48.99.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company posted $0.28 earnings per share. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.69 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Monday, May 6th. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Institutional Investors Weigh In On Las Vegas Sands

A number of hedge funds and other institutional investors have recently bought and sold shares of LVS. Vanguard Group Inc. boosted its position in shares of Las Vegas Sands by 0.6% in the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock valued at $1,918,472,000 after acquiring an additional 209,589 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Las Vegas Sands by 1.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock valued at $1,663,219,000 after purchasing an additional 531,799 shares during the period. Fisher Asset Management LLC grew its position in shares of Las Vegas Sands by 6.4% during the 4th quarter. Fisher Asset Management LLC now owns 11,275,127 shares of the casino operator’s stock valued at $554,849,000 after purchasing an additional 680,575 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Las Vegas Sands by 6.5% during the 1st quarter. Bank of New York Mellon Corp now owns 9,814,819 shares of the casino operator’s stock valued at $507,426,000 after purchasing an additional 600,002 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Las Vegas Sands in the fourth quarter worth $266,538,000. Institutional investors 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.