Las Vegas Sands (NYSE:LVS) Given New $47.00 Price Target at Jefferies Financial Group

Las Vegas Sands (NYSE:LVSFree Report) had its price target trimmed by Jefferies Financial Group from $53.00 to $47.00 in a report issued on Thursday, Benzinga reports. The firm currently has a hold rating on the casino operator’s stock.

A number of other analysts have also weighed in on LVS. Morgan Stanley upped their target price on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an overweight rating in a report on Tuesday, April 9th. StockNews.com raised shares of Las Vegas Sands from a hold rating to a buy rating in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Las Vegas Sands from $62.00 to $61.00 and set a buy rating on the stock in a report on Tuesday, July 9th. Macquarie decreased their price target on shares of Las Vegas Sands from $60.00 to $58.00 and set an outperform rating on the stock in a report on Tuesday, July 9th. Finally, Barclays decreased their price target on shares of Las Vegas Sands from $59.00 to $57.00 and set an overweight rating on the stock in a report on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $61.79.

View Our Latest Stock Report on LVS

Las Vegas Sands Stock Performance

Las Vegas Sands stock opened at $42.73 on Thursday. The firm’s 50 day simple moving average is $44.52 and its 200 day simple moving average is $48.54. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of $31.84 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. Las Vegas Sands has a 1-year low of $41.17 and a 1-year high of $61.25.

Las Vegas Sands (NYSE:LVSGet Free Report) last posted its 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. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 42.34%. Las Vegas Sands’s revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, analysts expect that Las Vegas Sands will post 2.68 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were paid 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 dividend yield of 1.87%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Institutional Investors Weigh In On Las Vegas Sands

Several institutional investors have recently added to or reduced their stakes in LVS. Bank & Trust Co purchased a new stake in Las Vegas Sands during the 2nd quarter valued at $29,000. Delos Wealth Advisors LLC purchased a new stake in Las Vegas Sands during the 4th quarter valued at $33,000. Venturi Wealth Management LLC boosted its position in Las Vegas Sands by 150.4% during the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock valued at $34,000 after buying an additional 409 shares during the period. Mizuho Securities Co. Ltd. purchased a new stake in Las Vegas Sands during the 4th quarter valued at $39,000. Finally, Accent Capital Management LLC purchased a new stake in Las Vegas Sands during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Las Vegas Sands Company Profile

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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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