Las Vegas Sands (NYSE:LVS) Price Target Raised to $64.00 at Stifel Nicolaus

Las Vegas Sands (NYSE:LVS) had its target price raised by Stifel Nicolaus from $55.00 to $64.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the casino operator’s stock.

Several other analysts have also issued reports on LVS. Macquarie cut their price target on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their price target on Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Barclays boosted their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Argus cut shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Susquehanna upped their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands presently has a consensus rating of “Moderate Buy” and an average target price of $57.92.

Las Vegas Sands Price Performance

NYSE LVS traded up $0.56 on Thursday, hitting $53.03. The stock had a trading volume of 2,669,544 shares, compared to its average volume of 5,759,551. The firm has a 50-day moving average of $44.94 and a 200-day moving average of $44.40. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. Las Vegas Sands has a 52-week low of $36.62 and a 52-week high of $55.65. The company has a market capitalization of $39.51 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts expect that Las Vegas Sands will post 2.45 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Institutional Investors Weigh In On Las Vegas Sands

Several hedge funds have recently added to or reduced their stakes in LVS. GAMMA Investing LLC boosted its holdings in Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after purchasing an additional 243 shares during the last quarter. Signaturefd LLC grew its position in Las Vegas Sands by 7.8% during the third quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock valued at $177,000 after buying an additional 253 shares during the period. Waldron Private Wealth LLC increased its holdings in Las Vegas Sands by 2.2% during the third quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock valued at $628,000 after buying an additional 268 shares during the last quarter. CVA Family Office LLC raised its position in Las Vegas Sands by 118.8% in the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after acquiring an additional 304 shares during the period. Finally, Western Pacific Wealth Management LP grew its position in shares of Las Vegas Sands by 53.5% during the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after acquiring an additional 338 shares during the period. 39.16% of the stock is owned by institutional investors.

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.