Las Vegas Sands (LVS) Upgraded to Buy by ValuEngine

ValuEngine upgraded shares of Las Vegas Sands (NYSE:LVS) from a hold rating to a buy rating in a research note released on Thursday.

LVS has been the subject of several other reports. Stifel Nicolaus reissued a buy rating and issued a $76.00 target price on shares of Las Vegas Sands in a report on Tuesday, January 9th. Morgan Stanley boosted their target price on Las Vegas Sands from $82.00 to $83.00 and gave the company a buy rating in a report on Tuesday, March 27th. Telsey Advisory Group assumed coverage on Las Vegas Sands in a report on Tuesday, March 13th. They issued a market perform rating and a $76.00 target price for the company. Jefferies Group assumed coverage on Las Vegas Sands in a report on Thursday, January 18th. They issued a hold rating and a $73.00 target price for the company. Finally, Bank of America boosted their target price on Las Vegas Sands from $80.00 to $85.00 and gave the company a buy rating in a report on Thursday, January 25th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $72.29.

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Shares of NYSE LVS opened at $71.82 on Thursday. The stock has a market cap of $57,091.37, a price-to-earnings ratio of 23.63 and a beta of 1.65. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 1.22. Las Vegas Sands has a 1 year low of $55.70 and a 1 year high of $79.84.

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, topping the Zacks’ consensus estimate of $0.77 by $0.11. The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.26 billion. Las Vegas Sands had a return on equity of 33.90% and a net margin of 21.78%. Las Vegas Sands’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 EPS. equities research analysts expect that Las Vegas Sands will post 3.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 22nd were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 4.18%. The ex-dividend date was Wednesday, March 21st. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.73. Las Vegas Sands’s payout ratio is 98.68%.

In related news, COO Robert G. Goldstein sold 39,155 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $76.00, for a total value of $2,975,780.00. Following the transaction, the chief operating officer now owns 39,155 shares in the company, valued at approximately $2,975,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of LVS. Truewealth LLC acquired a new position in Las Vegas Sands during the 4th quarter worth approximately $130,000. Bessemer Group Inc. increased its position in Las Vegas Sands by 60.5% during the 4th quarter. Bessemer Group Inc. now owns 2,067 shares of the casino operator’s stock worth $144,000 after purchasing an additional 779 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Las Vegas Sands during the 3rd quarter worth approximately $198,000. Independence Trust CO acquired a new position in Las Vegas Sands during the 4th quarter worth approximately $205,000. Finally, AE Wealth Management LLC acquired a new position in Las Vegas Sands during the 4th quarter worth approximately $222,000. Hedge funds and other institutional investors own 38.63% of the company’s stock.

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About Las Vegas Sands

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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