Las Vegas Sands Corp. (NYSE:LVS) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Las Vegas Sands Corp. has an average analyst rating of "Moderate Buy", with five hold recommendations, ten buy recommendations, and one strong buy recommendation among the sixteen brokerages covering the stock.
• The company's stock price target is set at an average of $59.80, with several analysts increasing their price objectives recently, including UBS Group, which raised its target from $55.00 to $65.00.
• Las Vegas Sands reported earnings per share of $0.79 for the last quarter, exceeding estimates and marking a revenue increase of 15.0% compared to the same quarter last year.

Shares of Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) have received a consensus rating of "Moderate Buy" from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $59.80.

Several equities research analysts have recently issued reports on the company. Macquarie raised their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Wall Street Zen raised Las Vegas Sands from a "hold" rating to a "buy" rating in a research note on Sunday, September 7th. Mizuho upped their price objective on shares of Las Vegas Sands from $47.00 to $56.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. UBS Group increased their price objective on shares of Las Vegas Sands from $55.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Finally, Barclays boosted their target price on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, July 24th.

Institutional Investors Weigh In On Las Vegas Sands

A number of institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC raised its holdings in shares of Las Vegas Sands by 2.2% in the 2nd quarter. Corient Private Wealth LLC now owns 27,943 shares of the casino operator's stock worth $1,216,000 after purchasing an additional 601 shares during the period. National Wealth Management Group LLC acquired a new stake in Las Vegas Sands during the 2nd quarter worth approximately $375,000. Osaic Holdings Inc. increased its position in Las Vegas Sands by 23.0% during the 2nd quarter. Osaic Holdings Inc. now owns 145,257 shares of the casino operator's stock worth $6,298,000 after purchasing an additional 27,140 shares in the last quarter. Total Investment Management Inc. purchased a new position in Las Vegas Sands in the second quarter valued at approximately $25,000. Finally, TT Capital Management LLC acquired a new position in Las Vegas Sands during the second quarter valued at approximately $311,000. Hedge funds and other institutional investors own 39.16% of the company's stock.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $55.26 on Tuesday. The stock has a market capitalization of $37.93 billion, a P/E ratio of 27.91, a P/E/G ratio of 1.97 and a beta of 1.04. Las Vegas Sands has a 12-month low of $30.18 and a 12-month high of $58.05. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21. The firm's 50-day moving average is $53.66 and its two-hundred day moving average is $45.18.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.26. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The company's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Equities analysts predict that Las Vegas Sands will post 2.6 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Tuesday, August 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, August 5th. Las Vegas Sands's dividend payout ratio is presently 50.51%.

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.

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