Las Vegas Sands Corp. (LVS) Price Target Raised to $57.00

Las Vegas Sands Corp. (NYSE:LVS) had its target price increased by Deutsche Bank AG from $54.00 to $57.00 in a report issued on Thursday. Deutsche Bank AG currently has a hold rating on the casino operator’s stock.

A number of other analysts have also commented on LVS. Stifel Nicolaus reaffirmed a buy rating and set a $66.00 target price on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th. Wells Fargo & Company reaffirmed a neutral rating on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th. CLSA reaffirmed a buy rating on shares of Las Vegas Sands Corp. in a report on Wednesday, July 5th. Morgan Stanley reaffirmed an equal weight rating and set a $62.00 target price (up previously from $58.00) on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Finally, UBS AG reaffirmed a neutral rating on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $65.04.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 0.47% during trading on Thursday, reaching $61.46. The company’s stock had a trading volume of 1,825,177 shares. The company’s 50-day moving average is $63.44 and its 200-day moving average is $61.50. Las Vegas Sands Corp. has a 12 month low of $51.35 and a 12 month high of $66.22. The company has a market capitalization of $48.68 billion, a P/E ratio of 23.91 and a beta of 1.76.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.14 billion. Las Vegas Sands Corp. had a net margin of 16.80% and a return on equity of 30.84%. Las Vegas Sands Corp.’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. On average, analysts forecast that Las Vegas Sands Corp. will post $2.85 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be given a $0.73 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 annualized dividend and a yield of 4.73%. Las Vegas Sands Corp.’s dividend payout ratio is currently 110.19%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global X Management Co. LLC lifted its position in Las Vegas Sands Corp. by 8.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock valued at $106,000 after acquiring an additional 126 shares in the last quarter. Ffcm LLC lifted its position in Las Vegas Sands Corp. by 90.9% in the 2nd quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock valued at $153,000 after acquiring an additional 1,160 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Las Vegas Sands Corp. by 24.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock valued at $166,000 after acquiring an additional 510 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Las Vegas Sands Corp. by 143.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock valued at $174,000 after acquiring an additional 1,610 shares in the last quarter. Finally, Lee Financial Co lifted its position in Las Vegas Sands Corp. by 1.4% in the 2nd quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock valued at $197,000 after acquiring an additional 43 shares in the last quarter. 38.27% of the stock is currently owned by institutional investors and hedge funds.

About Las Vegas Sands Corp.

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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