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

Shares of Las Vegas Sands Corp. (NYSE:LVS) have been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $55.25.

Several research analysts have issued reports on the company. UBS Group cut Las Vegas Sands from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $49.00 in a research report on Friday, August 23rd. Wells Fargo & Company reduced their price objective on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Macquarie dropped their target price on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Susquehanna decreased their price target on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a research note on Thursday, July 25th.

Institutional Trading of Las Vegas Sands

Large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new stake in shares of Las Vegas Sands during the 2nd quarter worth about $619,000. Clearbridge Investments LLC boosted its position in Las Vegas Sands by 29.9% during the second quarter. Clearbridge Investments LLC now owns 833,487 shares of the casino operator’s stock worth $36,882,000 after acquiring an additional 191,805 shares during the last quarter. Quarry LP grew its stake in Las Vegas Sands by 346.4% in the 2nd quarter. Quarry LP now owns 2,692 shares of the casino operator’s stock worth $119,000 after acquiring an additional 2,089 shares during the period. Creative Planning raised its holdings in Las Vegas Sands by 2.7% in the 2nd quarter. Creative Planning now owns 83,838 shares of the casino operator’s stock valued at $3,710,000 after acquiring an additional 2,242 shares during the last quarter. Finally, Long Focus Capital Management LLC lifted its stake in shares of Las Vegas Sands by 1,695.0% during the 2nd quarter. Long Focus Capital Management LLC now owns 359,000 shares of the casino operator’s stock worth $15,886,000 after purchasing an additional 339,000 shares during the period. Institutional investors and hedge funds own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 8.0 %

NYSE LVS opened at $48.39 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. The stock 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. Las Vegas Sands has a 52-week low of $36.62 and a 52-week high of $55.65. The firm has a 50-day moving average price of $40.10 and a 200 day moving average price of $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 (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. Equities research analysts expect that Las Vegas Sands will post 2.45 EPS for the current year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were given a $0.20 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.65%. Las Vegas Sands’s dividend 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.