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

Las Vegas Sands Corp. (NYSE:LVS) has been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $55.25.

Several research firms have recently issued reports on LVS. Deutsche Bank Aktiengesellschaft decreased their price objective on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. UBS Group cut Las Vegas Sands from a “buy” rating to a “neutral” rating and lowered their price target for the company from $70.00 to $49.00 in a report on Friday, August 23rd. Jefferies Financial Group cut their price objective on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Susquehanna lowered their target price on shares of Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating for the company in a report on Thursday, July 25th. Finally, Macquarie cut their price target on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th.

Institutional Investors Weigh In On Las Vegas Sands

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Las Vegas Sands by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after acquiring an additional 209,589 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Las Vegas Sands by 1.7% in the first 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. Bank of New York Mellon Corp grew its holdings in Las Vegas Sands by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock valued at $502,307,000 after purchasing an additional 1,536,754 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Las Vegas Sands by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 11,263,604 shares of the casino operator’s stock valued at $554,282,000 after purchasing an additional 669,052 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in Las Vegas Sands by 0.8% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,500,248 shares of the casino operator’s stock worth $376,136,000 after buying an additional 68,568 shares during the period. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Trading Up 5.3 %

Las Vegas Sands stock opened at $44.38 on Friday. The stock has a 50-day moving average price of $40.05 and a 200 day moving average price of $44.43. Las Vegas Sands has a 52 week low of $36.62 and a 52 week high of $55.65. The stock has a market cap of $33.07 billion, a PE ratio of 21.44, a P/E/G ratio of 1.12 and a beta of 1.11. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. Equities research analysts predict that Las Vegas Sands will post 2.46 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.80%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 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.