Las Vegas Sands (NYSE:LVS) Price Target Lowered to $63.00 at Barclays

Las Vegas Sands (NYSE:LVS) had its target price trimmed by Barclays from $65.00 to $63.00 in a research note released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the casino operator’s stock.

A number of other equities analysts have also recently commented on the stock. Morgan Stanley boosted their price target on shares of Las Vegas Sands from $67.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Seaport Research Partners lowered their price objective on shares of Las Vegas Sands from $72.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Wall Street Zen raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Wells Fargo & Company cut their target price on shares of Las Vegas Sands from $68.00 to $65.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Finally, Citigroup increased their target price on Las Vegas Sands from $76.75 to $78.50 and gave the company a “buy” rating in a research note on Monday, April 13th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.16.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $46.45 on Thursday. The stock has a market cap of $30.78 billion, a P/E ratio of 17.20, a PEG ratio of 1.05 and a beta of 0.83. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 8.64. The business’s 50-day moving average price is $49.75 and its two-hundred day moving average price is $54.69. Las Vegas Sands has a twelve month low of $45.12 and a twelve month high of $70.45.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, topping the consensus estimate of $0.76 by $0.15. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.32 billion. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.Las Vegas Sands’s revenue was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. As a group, equities analysts predict that Las Vegas Sands will post 3.38 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Tuesday, May 5th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, May 5th. Las Vegas Sands’s payout ratio is presently 44.44%.

Institutional Investors Weigh In On Las Vegas Sands

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Las Vegas Sands by 222.7% during the fourth quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator’s stock valued at $592,223,000 after acquiring an additional 6,279,390 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Las Vegas Sands by 4.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 8,582,962 shares of the casino operator’s stock worth $462,450,000 after purchasing an additional 396,705 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Las Vegas Sands by 18.7% during the 4th quarter. Bank of New York Mellon Corp now owns 7,893,031 shares of the casino operator’s stock valued at $513,757,000 after purchasing an additional 1,246,206 shares during the period. Norges Bank purchased a new position in Las Vegas Sands during the 4th quarter valued at about $364,892,000. Finally, Dimensional Fund Advisors LP raised its position in Las Vegas Sands by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,780,266 shares of the casino operator’s stock valued at $203,616,000 after purchasing an additional 90,690 shares during the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

About Las Vegas Sands

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.