Las Vegas Sands Corp. (LVS) Receives Average Rating of “Hold” from Analysts

Las Vegas Sands Corp. (NYSE:LVS) has received a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $76.73.

LVS has been the subject of a number of recent research reports. Nomura dropped their price objective on shares of Las Vegas Sands from $76.00 to $72.00 and set a “neutral” rating for the company in a research note on Monday, July 9th. Credit Suisse Group initiated coverage on shares of Las Vegas Sands in a research note on Tuesday, August 14th. They issued a “neutral” rating and a $72.00 price objective for the company. Zacks Investment Research cut shares of Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 18th. ValuEngine cut shares of Las Vegas Sands from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Morgan Stanley increased their target price on shares of Las Vegas Sands from $85.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 26th.

In other news, COO Robert G. Goldstein bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was acquired at an average price of $71.13 per share, for a total transaction of $711,300.00. Following the transaction, the chief operating officer now directly owns 10,000 shares of the company’s stock, valued at approximately $711,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lawrence A. Jacobs sold 66,667 shares of the stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $60.95, for a total transaction of $4,063,353.65. Following the sale, the executive vice president now directly owns 66,667 shares in the company, valued at approximately $4,063,353.65. The disclosure for this sale can be found here. Company insiders own 10.20% of the company’s stock.

Large investors have recently modified their holdings of the business. Centaurus Financial Inc. bought a new stake in Las Vegas Sands during the 1st quarter worth about $117,000. Point72 Asia Hong Kong Ltd bought a new stake in Las Vegas Sands during the 1st quarter worth about $118,000. Flagship Harbor Advisors LLC bought a new stake in Las Vegas Sands during the 2nd quarter worth about $135,000. Synovus Financial Corp bought a new stake in Las Vegas Sands during the 1st quarter worth about $152,000. Finally, Parallel Advisors LLC grew its holdings in Las Vegas Sands by 297.0% during the 1st quarter. Parallel Advisors LLC now owns 2,354 shares of the casino operator’s stock worth $169,000 after acquiring an additional 1,761 shares during the last quarter. 38.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LVS stock traded up $0.74 during mid-day trading on Wednesday, reaching $61.24. The company’s stock had a trading volume of 6,287,300 shares, compared to its average volume of 3,735,863. Las Vegas Sands has a 1-year low of $59.11 and a 1-year high of $81.45. The stock has a market cap of $47.77 billion, a price-to-earnings ratio of 20.14 and a beta of 1.62. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.68 and a current ratio of 1.70.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings data on Wednesday, July 25th. The casino operator reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.06). Las Vegas Sands had a net margin of 28.06% and a return on equity of 35.22%. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the company posted $0.73 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. sell-side analysts predict that Las Vegas Sands will post 3.52 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Wednesday, September 19th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend is Tuesday, September 18th. Las Vegas Sands’s dividend payout ratio (DPR) is currently 98.68%.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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