Las Vegas Sands Corp. (NYSE:LVS) Receives Average Rating of “Moderate Buy” from Analysts

Las Vegas Sands Corp. (NYSE:LVS) has earned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $59.00.

Several equities analysts recently commented on the stock. Citigroup restated a “buy” rating on shares of Las Vegas Sands in a research note on Wednesday, July 9th. Wall Street Zen upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Sunday. Mizuho upped their price target on shares of Las Vegas Sands from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. UBS Group upped their price target on shares of Las Vegas Sands from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Finally, Morgan Stanley upped their price target on shares of Las Vegas Sands from $47.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th.

Institutional Investors Weigh In On Las Vegas Sands

Several institutional investors and hedge funds have recently bought and sold shares of LVS. Total Investment Management Inc. bought a new stake in Las Vegas Sands during the second quarter worth about $25,000. MassMutual Private Wealth & Trust FSB lifted its position in Las Vegas Sands by 37.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator’s stock worth $38,000 after purchasing an additional 239 shares during the period. Mizuho Securities Co. Ltd. bought a new stake in Las Vegas Sands during the second quarter worth about $41,000. Center for Financial Planning Inc. acquired a new position in Las Vegas Sands during the first quarter valued at approximately $42,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Las Vegas Sands during the second quarter valued at approximately $42,000. Institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $53.99 on Friday. The stock has a market cap of $37.06 billion, a P/E ratio of 27.27, a PEG ratio of 1.96 and a beta of 1.04. The stock has a 50 day simple moving average of $52.42 and a 200 day simple moving average of $44.31. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 6.53. Las Vegas Sands has a 1-year low of $30.18 and a 1-year high of $58.05.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 23rd. The casino operator reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.26. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $0.55 EPS. Research analysts anticipate that Las Vegas Sands will post 2.6 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Tuesday, August 5th were paid a $0.25 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. Las Vegas Sands’s dividend payout ratio is 50.51%.

About Las Vegas Sands

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.