Las Vegas Sands (NYSE:LVS) Sets New 52-Week Low at $38.57

Las Vegas Sands Corp. (NYSE:LVS) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $38.57 and last traded at $38.60, with a volume of 1455306 shares trading hands. The stock had previously closed at $39.67.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LVS shares. Macquarie decreased their price target on shares of Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Citigroup upped their price target on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. decreased their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Jefferies Financial Group decreased their price target on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Las Vegas Sands Trading Down 1.1 %

The firm has a market cap of $28.03 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12. The business’s 50 day moving average price is $42.73 and its 200-day moving average price is $47.56. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.29 and a current ratio of 1.58.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. Equities analysts expect that Las Vegas Sands Corp. will post 2.48 EPS for the current year.

Las Vegas Sands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.10%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 38.65%.

Institutional Investors Weigh In On Las Vegas Sands

Institutional investors and hedge funds have recently bought and sold shares of the business. Clearbridge Investments LLC raised its stake in Las Vegas Sands by 3.1% during the fourth quarter. Clearbridge Investments LLC now owns 629,182 shares of the casino operator’s stock worth $30,962,000 after acquiring an additional 19,200 shares during the period. Vanguard Group Inc. grew its position in Las Vegas Sands by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after purchasing an additional 209,589 shares during the last quarter. Nordea Investment Management AB grew its position in Las Vegas Sands by 27.6% in the 1st quarter. Nordea Investment Management AB now owns 891,796 shares of the casino operator’s stock worth $46,124,000 after purchasing an additional 193,110 shares during the last quarter. ARGA Investment Management LP grew its position in Las Vegas Sands by 6.4% in the 1st quarter. ARGA Investment Management LP now owns 3,308,987 shares of the casino operator’s stock worth $171,075,000 after purchasing an additional 198,413 shares during the last quarter. Finally, AM Squared Ltd bought a new position in Las Vegas Sands in the 4th quarter worth about $3,076,000. Institutional investors and hedge funds own 39.16% of the company’s stock.

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.