Las Vegas Sands (LVS) Earns Buy Rating from Morgan Stanley

Morgan Stanley reiterated their buy rating on shares of Las Vegas Sands (NYSE:LVS) in a research note issued to investors on Monday morning.

Several other research analysts have also recently issued reports on the stock. HSBC raised shares of Las Vegas Sands from a hold rating to a buy rating and set a $69.00 price target for the company in a report on Monday, October 15th. ValuEngine cut shares of Las Vegas Sands from a hold rating to a sell rating in a report on Wednesday, September 12th. Goldman Sachs Group cut shares of Las Vegas Sands from a conviction-buy rating to a buy rating in a report on Friday, October 19th. Zacks Investment Research cut shares of Las Vegas Sands from a hold rating to a sell rating in a report on Friday, September 28th. Finally, Sanford C. Bernstein started coverage on shares of Las Vegas Sands in a report on Thursday, November 15th. They set an outperform rating and a $81.45 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $74.03.

NYSE LVS opened at $58.34 on Monday. The stock has a market cap of $43.05 billion, a P/E ratio of 16.02 and a beta of 1.61. Las Vegas Sands has a 52-week low of $48.64 and a 52-week high of $81.45. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.93 and a quick ratio of 1.92.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, October 24th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.04). The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Las Vegas Sands had a return on equity of 34.18% and a net margin of 27.71%. As a group, sell-side analysts predict that Las Vegas Sands will post 3.4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Tuesday, December 18th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $3.00 annualized dividend and a yield of 5.14%. Las Vegas Sands’s payout ratio is currently 98.68%.

In other Las Vegas Sands news, EVP Lawrence A. Jacobs sold 66,667 shares of the company’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $60.95, for a total transaction of $4,063,353.65. Following the transaction, the executive vice president now directly owns 66,667 shares in the company, valued at $4,063,353.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Carnegie Capital Asset Management LLC grew its position in Las Vegas Sands by 38.0% during the third quarter. Carnegie Capital Asset Management LLC now owns 49,085 shares of the casino operator’s stock worth $2,642,000 after buying an additional 13,529 shares during the period. Legal & General Group Plc grew its position in Las Vegas Sands by 3.1% during the third quarter. Legal & General Group Plc now owns 1,571,883 shares of the casino operator’s stock worth $93,285,000 after buying an additional 46,575 shares during the period. Impala Asset Management LLC acquired a new position in Las Vegas Sands during the third quarter worth about $5,790,000. Griffin Asset Management Inc. acquired a new position in Las Vegas Sands during the third quarter worth about $337,000. Finally, NorthCoast Asset Management LLC acquired a new position in Las Vegas Sands during the third quarter worth about $1,926,000. Institutional investors own 37.08% 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 Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, 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 iconic Marina Bay Sands in Singapore.

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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