Las Vegas Sands (NYSE:LVS) Price Target Raised to $61.00 at Barclays

Las Vegas Sands (NYSE:LVS) had its target price increased by Barclays from $58.00 to $61.00 in a research note released on Friday morning,Benzinga reports. They currently have an overweight rating on the casino operator’s stock.

A number of other research analysts have also recently weighed in on the company. Mizuho lifted their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on Las Vegas Sands from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley increased their price objective on shares of Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Company upped their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, Stifel Nicolaus lifted their price target on shares of Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus price target of $58.42.

Las Vegas Sands Price Performance

Shares of LVS opened at $53.87 on Friday. The firm has a market cap of $39.06 billion, a PE ratio of 26.67, a P/E/G ratio of 1.44 and a beta of 1.10. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $56.60. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The firm has a fifty day simple moving average of $51.85 and a two-hundred day simple moving average of $45.61.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a net margin of 13.29% and a return on equity of 44.26%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 EPS. On average, equities analysts anticipate that Las Vegas Sands will post 2.33 EPS for the current year.

Las Vegas Sands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 annualized dividend and a yield of 1.49%. Las Vegas Sands’s payout ratio is currently 39.60%.

Insider Buying and Selling at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now directly owns 60,187 shares in the company, valued at $3,129,724. This trade represents a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 203,732 shares of company stock worth $10,861,707 over the last ninety days. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new position in Las Vegas Sands during the 3rd quarter valued at $26,000. CVA Family Office LLC boosted its stake in shares of Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after purchasing an additional 304 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Las Vegas Sands in the third quarter worth about $34,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after buying an additional 437 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after buying an additional 243 shares during the period. 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.