Las Vegas Sands (NYSE:LVS) Price Target Lowered to $58.00 at Macquarie

Las Vegas Sands (NYSE:LVS) had its target price reduced by Macquarie from $60.00 to $58.00 in a report published on Tuesday morning, Benzinga reports. They currently have an outperform rating on the casino operator’s stock.

LVS has been the topic of a number of other reports. Morgan Stanley lifted their price target on Las Vegas Sands from $61.00 to $62.00 and gave the stock an overweight rating in a research note on Tuesday, April 9th. Stifel Nicolaus reduced their price objective 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. Citigroup lifted their price objective on Las Vegas Sands from $74.00 to $75.00 and gave the stock a buy rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Barclays reduced their price objective on Las Vegas Sands from $59.00 to $57.00 and set an overweight rating on the stock in a research report on Friday, June 7th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands presently has a consensus rating of Moderate Buy and a consensus target price of $62.29.

Las Vegas Sands Stock Performance

Shares of NYSE:LVS opened at $42.32 on Tuesday. 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 business’s 50 day moving average price is $44.61 and its 200-day moving average price is $48.59. The firm has a market capitalization of $31.53 billion, a PE ratio of 20.44, a P/E/G ratio of 0.74 and a beta of 1.12. Las Vegas Sands has a 1 year low of $41.17 and a 1 year high of $61.25.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results 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. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The business’s revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. As a group, equities research analysts expect that Las Vegas Sands will post 2.69 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were issued a $0.20 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.89%. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Institutional Investors Weigh In On Las Vegas Sands

Several institutional investors and hedge funds have recently modified their holdings of the company. Waldron Private Wealth LLC raised its holdings in shares of Las Vegas Sands by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock valued at $608,000 after buying an additional 232 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Las Vegas Sands by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock valued at $1,404,000 after buying an additional 288 shares during the period. Czech National Bank raised its holdings in shares of Las Vegas Sands by 0.5% in the 1st quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock valued at $3,359,000 after buying an additional 319 shares during the period. Western Pacific Wealth Management LP raised its holdings in shares of Las Vegas Sands by 53.5% in the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after buying an additional 338 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Las Vegas Sands by 54.8% in the 4th quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after buying an additional 357 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

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.