Las Vegas Sands (NYSE:LVS) PT Lowered to $61.00 at Deutsche Bank Aktiengesellschaft

Las Vegas Sands (NYSE:LVS) had its price target cut by Deutsche Bank Aktiengesellschaft from $62.00 to $61.00 in a research note released on Tuesday, Benzinga reports. They currently have a buy rating on the casino operator’s stock.

LVS has been the topic of a number of other reports. Barclays lowered their price objective on Las Vegas Sands from $59.00 to $57.00 and set an overweight rating on the stock in a research note on Friday, June 7th. Jefferies Financial Group lowered their price objective on Las Vegas Sands from $54.00 to $53.00 and set a hold rating on the stock in a research note on Thursday, April 18th. StockNews.com upgraded Las Vegas Sands from a hold rating to a buy rating in a research report on Wednesday, April 10th. Citigroup upped their price target on Las Vegas Sands from $74.00 to $75.00 and gave the company a buy rating in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an overweight rating on the stock in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $62.29.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $42.32 on Tuesday. The company’s 50-day moving average is $44.61 and its 200 day moving average is $48.59. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 1.30. The company has a market capitalization of $31.53 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 0.74 and a beta of 1.12. Las Vegas Sands has a fifty-two week low of $41.17 and a fifty-two week high of $61.25.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the firm earned $0.28 EPS. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. On average, equities research analysts forecast that Las Vegas Sands will post 2.69 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.89%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Hedge Funds Weigh In On Las Vegas Sands

A number of institutional investors have recently added to or reduced their stakes in the company. Waldron Private Wealth LLC raised its holdings in Las Vegas Sands by 1.9% in the fourth quarter. Waldron Private Wealth LLC now owns 12,361 shares of the casino operator’s stock worth $608,000 after purchasing an additional 232 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Las Vegas Sands by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 28,532 shares of the casino operator’s stock valued at $1,404,000 after acquiring an additional 288 shares in the last quarter. Czech National Bank increased its holdings in shares of Las Vegas Sands by 0.5% during the first quarter. Czech National Bank now owns 64,974 shares of the casino operator’s stock valued at $3,359,000 after acquiring an additional 319 shares in the last quarter. Western Pacific Wealth Management LP increased its holdings in shares of Las Vegas Sands by 53.5% during the first quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock valued at $50,000 after acquiring an additional 338 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Las Vegas Sands by 54.8% during the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after acquiring an additional 357 shares in the last quarter. 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.