Las Vegas Sands Corp. (NYSE:LVS – Get Free Report) gapped down prior to trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $70.00 to $65.00. The stock had previously closed at $50.23, but opened at $48.09. Stifel Nicolaus currently has a buy rating on the stock. Las Vegas Sands shares last traded at $46.05, with a volume of 3,403,061 shares changing hands.
LVS has been the topic of several other research reports. StockNews.com upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday. Citigroup raised 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 note on Thursday. Barclays decreased their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Mizuho decreased their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating and thirteen 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 $64.47.
Insiders Place Their Bets
In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the transaction, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.91% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LVS. Headlands Technologies LLC purchased a new position in shares of Las Vegas Sands during the 3rd quarter worth about $27,000. Western Pacific Wealth Management LP purchased a new position in shares of Las Vegas Sands during the 3rd quarter worth about $29,000. Coppell Advisory Solutions LLC purchased a new position in shares of Las Vegas Sands during the 2nd quarter worth about $29,000. Retirement Group LLC purchased a new position in shares of Las Vegas Sands during the 4th quarter worth about $31,000. Finally, CNB Bank purchased a new position in shares of Las Vegas Sands during the 3rd quarter worth about $32,000. 39.16% of the stock is currently owned by hedge funds and other institutional investors.
Las Vegas Sands Stock Performance
The firm has a market capitalization of $34.37 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 0.81 and a beta of 1.16. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.31. The company’s fifty day moving average price is $52.37 and its two-hundred day moving average price is $49.62.
Las Vegas Sands (NYSE:LVS – Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share for the quarter, topping the consensus estimate 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 11.77% and a return on equity of 34.40%. The company’s revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. As a group, equities analysts expect that Las Vegas Sands Corp. will post 2.73 earnings per share for the current year.
Las Vegas Sands Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th were issued a $0.20 dividend. The ex-dividend date was Monday, February 5th. This represents a $0.80 annualized dividend and a yield of 1.75%. Las Vegas Sands’s payout ratio is 50.00%.
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.