Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) shares gapped down prior to trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $70.00 to $65.00. The stock had previously closed at $50.23, but opened at $48.09. Stifel Nicolaus currently has a buy rating on the stock. Las Vegas Sands shares last traded at $46.05, with a volume of 3,403,061 shares traded.
LVS has been the subject of a number of other research reports. Jefferies Financial Group decreased their target price on shares of Las Vegas Sands from $54.00 to $53.00 and set a "hold" rating for the company in a research report on Thursday. Barclays decreased their target price on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a research report on Thursday. Morgan Stanley increased their target price on shares of Las Vegas Sands from $61.00 to $62.00 and gave the company an "overweight" rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of "Moderate Buy" and an average target price of $64.47.
Read Our Latest Research Report on LVS
Insider Transactions at Las Vegas Sands
In other news, CEO Robert G. Goldstein sold 100,000 shares of the stock in a transaction 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 owns 172,801 shares in the company, valued at $8,996,020.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.91% of the company's stock.
Institutional Trading of Las Vegas Sands
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Las Vegas Sands during the third quarter valued at $27,000. Western Pacific Wealth Management LP purchased a new position in Las Vegas Sands during the third quarter valued at $29,000. Coppell Advisory Solutions LLC purchased a new position in Las Vegas Sands during the second quarter valued at $29,000. Retirement Group LLC purchased a new position in shares of Las Vegas Sands in the fourth quarter worth about $31,000. Finally, CNB Bank purchased a new position in shares of Las Vegas Sands in the third quarter worth about $32,000. Institutional investors and hedge funds own 39.16% of the company's stock.
Las Vegas Sands Trading Down 8.7 %
The company's 50 day moving average price is $52.37 and its two-hundred day moving average price is $49.62. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.31 and a quick ratio of 1.30. The stock has a market capitalization of $34.47 billion, a PE ratio of 28.48, a P/E/G ratio of 0.81 and a beta of 1.16.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $2.94 billion. Las Vegas Sands had a net margin of 11.77% and a return on equity of 34.40%. The company's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. As a group, analysts expect that Las Vegas Sands Corp. will post 2.73 earnings per share for the current year.
Las Vegas Sands Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Monday, February 5th. Las Vegas Sands's dividend payout ratio is currently 50.00%.
About Las Vegas Sands
(
Get Free Report)
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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