Las Vegas Sands (LVS) – Investment Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Las Vegas Sands (NYSE: LVS):

  • 1/25/2018 – Las Vegas Sands had its price target raised by analysts at Roth Capital from $69.00 to $85.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – Las Vegas Sands had its price target raised by analysts at Bank of America Corp from $80.00 to $85.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – Las Vegas Sands had its price target raised by analysts at Barclays PLC to $85.00. They now have an “overweight” rating on the stock.
  • 1/25/2018 – Las Vegas Sands had its price target raised by analysts at JPMorgan Chase & Co. from $63.00 to $72.00. They now have a “neutral” rating on the stock.
  • 1/25/2018 – Las Vegas Sands had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $88.00 price target on the stock, up previously from $76.00.
  • 1/25/2018 – Las Vegas Sands had its “hold” rating reaffirmed by analysts at Jefferies Group LLC.
  • 1/18/2018 – Las Vegas Sands is now covered by analysts at Jefferies Group LLC. They set a “hold” rating and a $73.00 price target on the stock.
  • 1/17/2018 – Las Vegas Sands was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $80.00 price target on the stock. According to Zacks, “Las Vegas Sands’ consistent efforts to boost tourism and traffic in Macao are yielding results. Focus on diversification and growth in the mass and non-gaming market also bode well and should aid margins. Going forward, it is particularly positive on the prospects of The Parisian Macao and expects it to deliver continued growth. The company’s planned investment of more than $1.1 billion in new capital projects in Macao over the next three years, given the continual revival of gaming revenues therein, also bodes well for long-term growth. Moreover, Las Vegas Sands’ shares have outperformed the industry in the past six months. However, fears of another corruption crackdown by the authorities may hamper the company’s performance. Even so, upward estimate revisions raise optimism. High occupancy rates at the Las Vegas properties are likely to drive growth.”
  • 1/10/2018 – Las Vegas Sands was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Las Vegas Sands’ consistent efforts to boost tourism and traffic in Macao are yielding results. Focus on diversification and growth in the mass and non-gaming market also bode well and should aid margins. Going forward, it is particularly positive on the prospects of The Parisian Macao and expects it to deliver continued growth. The company’s planned investment of more than $1.1 billion in new capital projects in Macao over the next three years, given the continual revival of gaming revenues therein, also bodes well for long-term growth. Moreover, Las Vegas Sands’ shares have outperformed the industry in the past six months. However, fears of another corruption crackdown by the authorities may hamper the company’s performance. Even so, upward estimate revisions raise optimism. High occupancy rates at the Las Vegas properties are likely to drive growth.”
  • 1/9/2018 – Las Vegas Sands had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $76.00 price target on the stock.
  • 12/26/2017 – Las Vegas Sands was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $79.00 price target on the stock. According to Zacks, “Las Vegas Sands is currently benefiting from strong gaming performance along with higher hotel occupancy and retail mall revenues. The company is positive on the prospects of The Parisian Macao and expects it to deliver continued growth in the long haul. In fact, the company’s planned investment of over $1.1 billion in new capital projects in Macao over the next three years, given the continual revival of gaming revenues therein, also bodes well for long-term growth. High occupancy rates at the Las Vegas properties are likely to further drive growth. However, fears of another corruption crackdown by the authorities, intense competition and high debt burden raise concern. Its shares have also underperformed the industry on an year to date basis.”

Las Vegas Sands Corp. (NYSE:LVS) opened at $71.00 on Monday. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $79.84. The stock has a market cap of $56,124.08, a price-to-earnings ratio of 20.06 and a beta of 1.72. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, January 24th. The casino operator reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.11. Las Vegas Sands had a net margin of 21.78% and a return on equity of 34.76%. The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. sell-side analysts expect that Las Vegas Sands Corp. will post 3.33 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be issued a dividend of $0.75 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.73. The ex-dividend date is Wednesday, March 21st. This represents a $3.00 annualized dividend and a dividend yield of 4.23%. Las Vegas Sands’s payout ratio is 82.49%.

In other news, Director George Jamieson purchased 1,000 shares of Las Vegas Sands stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $66.96 per share, with a total value of $66,960.00. Following the completion of the acquisition, the director now owns 6,488 shares in the company, valued at approximately $434,436.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 10.10% of the company’s stock.

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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