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

Shares of Las Vegas Sands Corp. (NYSE:LVS) reached a new 52-week low on Monday . The company traded as low as $42.92 and last traded at $43.01, with a volume of 1598384 shares changing hands. The stock had previously closed at $44.25.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of recent research reports. Morgan Stanley upped their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. JPMorgan Chase & Co. decreased their target price on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Jefferies Financial Group reduced their price objective on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Finally, Stifel Nicolaus cut their target price on 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. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus 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 stock has a market capitalization of $31.96 billion, a P/E ratio of 21.38, a PEG ratio of 0.79 and a beta of 1.12. The stock’s fifty day moving average price is $45.24 and its 200 day moving average price is $48.99.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, beating 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 company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. Las Vegas Sands’s revenue for the quarter was up 34.9% compared to the same quarter last year. Research analysts forecast that Las Vegas Sands Corp. will post 2.69 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

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

Institutional Trading of Las Vegas Sands

Several institutional investors and hedge funds have recently bought and sold shares of LVS. DekaBank Deutsche Girozentrale lifted its holdings in Las Vegas Sands by 2.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 221,786 shares of the casino operator’s stock valued at $11,332,000 after purchasing an additional 5,359 shares in the last quarter. Peninsula Wealth LLC acquired a new position in Las Vegas Sands in the 1st quarter valued at $326,000. Cetera Advisors LLC acquired a new position in Las Vegas Sands during the first quarter worth about $364,000. Cetera Investment Advisers raised its holdings in Las Vegas Sands by 148.3% in the 1st quarter. Cetera Investment Advisers now owns 32,443 shares of the casino operator’s stock valued at $1,677,000 after acquiring an additional 19,376 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Las Vegas Sands during the first quarter worth approximately $734,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

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.