Brokerages Set Las Vegas Sands Corp. (NYSE:LVS) PT at $68.90

Las Vegas Sands Corp. (NYSE:LVSGet Free Report) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $68.90.

Several research analysts have recently issued reports on LVS shares. Susquehanna started coverage on shares of Las Vegas Sands in a report on Friday, December 15th. They set a “positive” rating and a $59.00 price objective on the stock. StockNews.com raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Tuesday, March 12th. Mizuho assumed coverage on shares of Las Vegas Sands in a research note on Tuesday, March 26th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Morgan Stanley upped their target price on shares of Las Vegas Sands from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th.

Read Our Latest Stock Analysis on LVS

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the transaction, the chief executive officer now owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Las Vegas Sands

A number of hedge funds have recently bought and sold shares of LVS. California Public Employees Retirement System increased its position in shares of Las Vegas Sands by 4.9% during the 3rd quarter. California Public Employees Retirement System now owns 652,220 shares of the casino operator’s stock valued at $29,898,000 after purchasing an additional 30,500 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Las Vegas Sands by 182.9% during the 4th quarter. Nordea Investment Management AB now owns 698,686 shares of the casino operator’s stock valued at $34,264,000 after purchasing an additional 451,710 shares during the last quarter. DNB Asset Management AS increased its position in shares of Las Vegas Sands by 50.4% during the 4th quarter. DNB Asset Management AS now owns 672,905 shares of the casino operator’s stock valued at $33,114,000 after purchasing an additional 225,351 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Las Vegas Sands by 15.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,195 shares of the casino operator’s stock valued at $467,000 after purchasing an additional 1,379 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Las Vegas Sands during the 3rd quarter valued at about $386,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $51.70 on Friday. The firm’s 50-day moving average is $51.92 and its 200-day moving average is $49.18. Las Vegas Sands has a 52-week low of $43.77 and a 52-week high of $65.58. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.31. The company has a market cap of $38.96 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 0.65 and a beta of 1.17.

Las Vegas Sands (NYSE:LVSGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The casino operator reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.04). Las Vegas Sands had a return on equity of 34.40% and a net margin of 11.77%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the firm posted ($0.19) EPS. The business’s revenue for the quarter was up 161.0% compared to the same quarter last year. Equities research analysts anticipate that Las Vegas Sands will post 2.74 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Monday, February 5th. Las Vegas Sands’s dividend payout ratio is presently 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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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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