Las Vegas Sands Corp. (NYSE:LVS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Las Vegas Sands Corp. (NYSE:LVS) have been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $55.25.

LVS has been the subject of several recent analyst reports. Susquehanna decreased their price objective on shares of Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating for the company in a research report on Thursday, July 25th. Wells Fargo & Company decreased their price target on Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. UBS Group lowered Las Vegas Sands from a “buy” rating to a “neutral” rating and cut their target price for the stock from $70.00 to $49.00 in a research report on Friday, August 23rd. Barclays decreased their target price on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Finally, Jefferies Financial Group dropped their price target on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th.

Institutional Investors Weigh In On Las Vegas Sands

A number of institutional investors and hedge funds have recently made changes to their positions in LVS. Bank & Trust Co acquired a new position in Las Vegas Sands in the 2nd quarter valued at about $29,000. Accent Capital Management LLC acquired a new stake in Las Vegas Sands during the 4th quarter worth approximately $39,000. Fidelis Capital Partners LLC purchased a new position in shares of Las Vegas Sands in the 1st quarter valued at approximately $43,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 437 shares during the period. Finally, Western Pacific Wealth Management LP raised its stake in shares of Las Vegas Sands by 53.5% during the first quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock worth $50,000 after purchasing an additional 338 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Price Performance

LVS stock opened at $48.39 on Friday. Las Vegas Sands has a 1 year low of $36.62 and a 1 year high of $55.65. The firm has a market capitalization of $35.64 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.20 and a beta of 1.11. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.58 and a quick ratio of 1.57. The business’s 50-day moving average is $40.10 and its two-hundred day moving average is $44.43.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts anticipate that Las Vegas Sands will post 2.45 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.65%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s payout ratio is currently 38.65%.

About Las Vegas Sands

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.