Las Vegas Sands Corp. (NYSE:LVS) Given Consensus Rating of "Moderate Buy" by Brokerages

Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $56.75.

LVS has been the topic of a number of research reports. Mizuho set a $47.00 price objective on Las Vegas Sands in a report on Thursday, April 24th. Barclays dropped their target price on Las Vegas Sands from $58.00 to $53.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Macquarie dropped their target price on Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Hsbc Global Res raised Las Vegas Sands to a "strong-buy" rating in a report on Thursday, April 24th. Finally, Morgan Stanley lowered their price target on Las Vegas Sands from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th.

Hedge Funds Weigh In On Las Vegas Sands

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC lifted its position in shares of Las Vegas Sands by 15.6% in the first quarter. Voya Investment Management LLC now owns 1,322,538 shares of the casino operator's stock valued at $51,090,000 after acquiring an additional 178,526 shares in the last quarter. IFM Investors Pty Ltd lifted its position in Las Vegas Sands by 6.1% during the first quarter. IFM Investors Pty Ltd now owns 62,448 shares of the casino operator's stock worth $2,412,000 after buying an additional 3,588 shares in the last quarter. Belpointe Asset Management LLC lifted its position in Las Vegas Sands by 3.7% during the first quarter. Belpointe Asset Management LLC now owns 15,006 shares of the casino operator's stock worth $580,000 after buying an additional 537 shares in the last quarter. Optimize Financial Inc lifted its position in Las Vegas Sands by 16.7% during the first quarter. Optimize Financial Inc now owns 15,490 shares of the casino operator's stock worth $598,000 after buying an additional 2,212 shares in the last quarter. Finally, Woodline Partners LP lifted its position in Las Vegas Sands by 38.9% during the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator's stock worth $1,122,000 after buying an additional 8,132 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company's stock.

Las Vegas Sands Trading Down 0.1%

LVS opened at $41.75 on Friday. The stock has a fifty day moving average price of $39.17 and a 200-day moving average price of $42.86. Las Vegas Sands has a 12 month low of $30.18 and a 12 month high of $56.61. The firm has a market cap of $29.50 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.49 and a beta of 1.03. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.58.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). Las Vegas Sands had a net margin of 11.64% and a return on equity of 44.91%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The company's quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that Las Vegas Sands will post 2.6 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Tuesday, May 6th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $1.00 annualized dividend and a dividend yield of 2.40%. Las Vegas Sands's dividend payout ratio (DPR) is presently 55.56%.

Las Vegas Sands declared that its board has authorized a stock repurchase plan on Wednesday, April 23rd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the casino operator to buy up to 8.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

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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