Las Vegas Sands Corp. (NYSE:LVS) Receives $63.46 Consensus Target Price from Brokerages

Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $63.46.

Several research analysts have recently issued reports on LVS shares. JPMorgan Chase & Co. reduced their target price on shares of Las Vegas Sands from $59.00 to $55.00 and set an "overweight" rating on the stock in a research note on Thursday, April 18th. Stifel Nicolaus reduced their target price on shares of Las Vegas Sands from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, April 18th. Barclays reduced their price objective on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating on the stock in a research note on Thursday, April 18th. Morgan Stanley lifted their price objective on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 9th. Finally, Mizuho reduced their price objective on shares of Las Vegas Sands from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, April 18th.

Las Vegas Sands Trading Down 1.2 %

Shares of LVS stock traded down $0.55 on Tuesday, reaching $46.01. 7,964,308 shares of the stock were exchanged, compared to its average volume of 4,738,979. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.31 and a quick ratio of 1.30. Las Vegas Sands has a one year low of $43.77 and a one year high of $65.58. The stock has a market cap of $34.57 billion, a PE ratio of 22.33, a P/E/G ratio of 0.84 and a beta of 1.17. The stock has a 50 day moving average price of $51.90 and a 200 day moving average price of $49.68.

Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.13. The firm had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.94 billion. Las Vegas Sands had a return on equity of 41.81% and a net margin of 13.99%. The company's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. Equities research analysts forecast that Las Vegas Sands will post 2.65 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Monday, May 6th. Las Vegas Sands's payout ratio is currently 38.65%.

Insider Activity

In other news, CEO Robert G. Goldstein sold 100,000 shares of Las Vegas Sands stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at $8,996,020.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Las Vegas Sands

Hedge funds and other institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System boosted its position in Las Vegas Sands by 4.9% during the third quarter. California Public Employees Retirement System now owns 652,220 shares of the casino operator's stock worth $29,898,000 after purchasing an additional 30,500 shares during the period. Nordea Investment Management AB boosted its position in Las Vegas Sands by 182.9% during the fourth quarter. Nordea Investment Management AB now owns 698,686 shares of the casino operator's stock worth $34,264,000 after purchasing an additional 451,710 shares during the period. DNB Asset Management AS boosted its position in Las Vegas Sands by 50.4% during the fourth quarter. DNB Asset Management AS now owns 672,905 shares of the casino operator's stock worth $33,114,000 after purchasing an additional 225,351 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in Las Vegas Sands by 15.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,195 shares of the casino operator's stock worth $467,000 after purchasing an additional 1,379 shares during the period. Finally, AM Squared Ltd bought a new stake in shares of Las Vegas Sands in the fourth quarter valued at about $3,076,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

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.