Wells Fargo & Company Issues Positive Forecast for Las Vegas Sands (NYSE:LVS) Stock Price

Las Vegas Sands (NYSE:LVSFree Report) had its price target increased by Wells Fargo & Company from $67.00 to $68.00 in a report released on Thursday,Benzinga reports. They currently have an equal weight rating on the casino operator’s stock.

Other equities analysts have also recently issued reports about the company. Zacks Research cut Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Morgan Stanley lifted their price target on shares of Las Vegas Sands from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, January 16th. The Goldman Sachs Group raised Las Vegas Sands from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $64.00 to $80.00 in a research report on Monday, December 15th. Susquehanna raised their target price on shares of Las Vegas Sands from $62.00 to $63.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Finally, Citigroup lifted their target price on Las Vegas Sands from $75.50 to $76.75 and gave the company a “buy” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average target price of $70.52.

Check Out Our Latest Report on Las Vegas Sands

Las Vegas Sands Stock Performance

NYSE LVS opened at $52.71 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 7.42. Las Vegas Sands has a 12-month low of $30.18 and a 12-month high of $70.45. The stock has a market capitalization of $35.64 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.46 and a beta of 0.97. The business’s 50 day moving average is $64.09 and its two-hundred day moving average is $58.04.

Las Vegas Sands (NYSE:LVSGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.08. Las Vegas Sands had a return on equity of 87.01% and a net margin of 12.50%.The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the prior year, the business posted $0.54 earnings per share. Las Vegas Sands’s revenue was up 26.0% compared to the same quarter last year. Research analysts expect that Las Vegas Sands will post 2.6 EPS for the current year.

Las Vegas Sands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th will be paid a dividend of $0.30 per share. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, February 9th. This represents a $1.20 dividend on an annualized basis and a yield of 2.3%. Las Vegas Sands’s payout ratio is 45.25%.

Insider Activity at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 1,198,650 shares of Las Vegas Sands stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $66.68, for a total value of $79,925,982.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Miriam Adelson sold 77,991 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $67.56, for a total transaction of $5,269,071.96. Following the transaction, the insider directly owned 23,333,441 shares of the company’s stock, valued at approximately $1,576,407,273.96. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,582,053 shares of company stock worth $238,846,399 over the last three months. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Mackenzie Financial Corp raised its position in shares of Las Vegas Sands by 0.3% during the 3rd quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock worth $2,902,000 after purchasing an additional 156 shares during the period. Westside Investment Management Inc. lifted its position in Las Vegas Sands by 48.0% in the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after purchasing an additional 166 shares during the period. Parallel Advisors LLC boosted its stake in Las Vegas Sands by 7.8% during the third quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock valued at $132,000 after buying an additional 177 shares in the last quarter. Alps Advisors Inc. lifted its holdings in Las Vegas Sands by 2.4% in the 3rd quarter. Alps Advisors Inc. now owns 8,528 shares of the casino operator’s stock valued at $459,000 after acquiring an additional 197 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its stake in Las Vegas Sands by 0.3% during the second quarter. Horizon Kinetics Asset Management LLC now owns 61,993 shares of the casino operator’s stock valued at $2,697,000 after purchasing an additional 213 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors.

Key Las Vegas Sands News

Here are the key news stories impacting Las Vegas Sands this week:

Las Vegas Sands Company Profile

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Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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