Las Vegas Sands (NYSE:LVS) Price Target Raised to $50.00

Las Vegas Sands (NYSE:LVS) had its price target raised by UBS Group from $49.00 to $50.00 in a research note published on Tuesday. UBS Group currently has a neutral rating on the casino operator’s stock.

Several other research firms also recently issued reports on LVS. Argus downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Macquarie cut their target price on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. StockNews.com downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Morgan Stanley increased their target price on Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus upped their target price on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Las Vegas Sands Trading Down 2.2 %

Shares of NYSE:LVS traded down $1.14 during midday trading on Tuesday, reaching $50.32. 1,857,536 shares of the company’s stock were exchanged, compared to its average volume of 5,770,247. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a market cap of $36.48 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 1.35 and a beta of 1.11. The firm’s 50 day simple moving average is $47.26 and its two-hundred day simple moving average is $44.54. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $55.65.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the business earned $0.55 earnings per share. Las Vegas Sands’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Las Vegas Sands will post 2.35 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.59%. The ex-dividend date is Tuesday, November 5th. Las Vegas Sands’s dividend payout ratio is presently 39.60%.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 119,221 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $53.73, for a total transaction of $6,405,744.33. Following the transaction, the chief executive officer now owns 84,511 shares of the company’s stock, valued at approximately $4,540,776.03. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Las Vegas Sands

Hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its position in shares of Las Vegas Sands by 49.9% during the first quarter. Janney Montgomery Scott LLC now owns 21,317 shares of the casino operator’s stock worth $1,102,000 after buying an additional 7,099 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Las Vegas Sands in the 1st quarter worth approximately $43,000. Daiwa Securities Group Inc. increased its holdings in shares of Las Vegas Sands by 13.2% during the first quarter. Daiwa Securities Group Inc. now owns 40,747 shares of the casino operator’s stock valued at $2,107,000 after purchasing an additional 4,762 shares during the period. Empirical Finance LLC raised its position in shares of Las Vegas Sands by 4.2% during the 1st quarter. Empirical Finance LLC now owns 11,548 shares of the casino operator’s stock worth $597,000 after buying an additional 461 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Las Vegas Sands by 14.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,820 shares of the casino operator’s stock valued at $508,000 after purchasing an additional 1,211 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

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.