Las Vegas Sands (NYSE:LVS - Free Report) had its price target lowered by Stifel Nicolaus from $70.00 to $65.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a buy rating on the casino operator's stock.
A number of other brokerages have also recently commented on LVS. JPMorgan Chase & Co. dropped 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 report on Thursday. Barclays decreased their target price on Las Vegas Sands from $60.00 to $59.00 and set an overweight rating for the company in a research report on Thursday. Citigroup upped their price target on shares of Las Vegas Sands from $74.00 to $75.00 and gave the company a buy rating in a research report on Thursday. StockNews.com upgraded shares of Las Vegas Sands from a hold rating to a buy rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company cut their target price on shares of Las Vegas Sands from $62.00 to $60.00 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 given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $64.47.
View Our Latest Report on LVS
Las Vegas Sands Price Performance
Shares of LVS stock traded down $4.35 during trading hours on Thursday, reaching $45.88. The stock had a trading volume of 21,469,890 shares, compared to its average volume of 4,610,430. The stock's fifty day simple moving average is $52.37 and its 200 day simple moving average is $49.62. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 2.96. Las Vegas Sands has a 12 month low of $43.77 and a 12 month high of $65.58. The firm has a market capitalization of $34.47 billion, a PE ratio of 28.48, a PEG 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 EPS for the quarter, topping the consensus estimate of $0.62 by $0.13. Las Vegas Sands had a net margin of 11.77% and a return on equity of 34.40%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the firm posted $0.28 earnings per share. The business's revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts predict that Las Vegas Sands will post 2.73 EPS for the current year.
Las Vegas Sands Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.74%. The ex-dividend date was Monday, February 5th. Las Vegas Sands's payout ratio is currently 50.00%.
Insider Transactions at Las Vegas Sands
In other news, CEO Robert G. Goldstein sold 100,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.91% of the company's stock.
Hedge Funds Weigh In On Las Vegas Sands
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC bought a new position in Las Vegas Sands in the 2nd quarter worth approximately $29,000. Headlands Technologies LLC bought a new position in Las Vegas Sands in the 3rd quarter worth approximately $27,000. Western Pacific Wealth Management LP bought a new position in Las Vegas Sands in the 3rd quarter worth approximately $29,000. Retirement Group LLC bought a new position in Las Vegas Sands in the 4th quarter worth approximately $31,000. Finally, Delos Wealth Advisors LLC bought a new position in Las Vegas Sands during the 4th quarter valued at $33,000. 39.16% of the stock is owned by institutional investors.
About Las Vegas Sands
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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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