Las Vegas Sands (NYSE:LVS) had its price target boosted by Stifel Nicolaus from $72.00 to $80.00 in a research report report published on Thursday, The Fly reports. They currently have a buy rating on the casino operator’s stock.

LVS has been the subject of a number of other research reports. Zacks Investment Research upgraded Las Vegas Sands from a hold rating to a buy rating and set a $74.00 target price for the company in a research report on Tuesday, April 9th. Deutsche Bank boosted their target price on Las Vegas Sands to $60.00 and gave the stock a buy rating in a research report on Thursday, January 24th. HSBC downgraded Las Vegas Sands from a buy rating to a hold rating in a research report on Wednesday. They noted that the move was a valuation call. Morgan Stanley boosted their target price on Las Vegas Sands from $64.00 to $66.00 and gave the stock an overweight rating in a research report on Wednesday, March 6th. Finally, Bank of America restated a neutral rating and issued a $70.00 target price (up previously from $64.00) on shares of Las Vegas Sands in a research report on Wednesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $68.89.

NYSE:LVS opened at $68.22 on Thursday. The company has a market capitalization of $52.72 billion, a P/E ratio of 20.55 and a beta of 1.40. Las Vegas Sands has a 1-year low of $47.39 and a 1-year high of $81.45. The company has a quick ratio of 1.75, a current ratio of 1.76 and a debt-to-equity ratio of 1.76.

Las Vegas Sands (NYSE:LVS) last released its earnings results on Wednesday, April 17th. The casino operator reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.48 billion. Las Vegas Sands had a return on equity of 33.30% and a net margin of 11.15%. Las Vegas Sands’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS. On average, equities analysts forecast that Las Vegas Sands will post 3.23 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Wednesday, June 19th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $3.08 dividend on an annualized basis and a yield of 4.51%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 92.77%.

A number of institutional investors have recently made changes to their positions in LVS. American International Group Inc. purchased a new position in Las Vegas Sands in the 4th quarter worth approximately $359,921,000. Boston Partners increased its stake in Las Vegas Sands by 598.6% in the 4th quarter. Boston Partners now owns 5,170,019 shares of the casino operator’s stock worth $269,099,000 after purchasing an additional 4,429,990 shares during the period. Norges Bank purchased a new position in Las Vegas Sands in the 4th quarter worth approximately $229,684,000. Oregon Public Employees Retirement Fund increased its stake in Las Vegas Sands by 4,563.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,242,730 shares of the casino operator’s stock worth $43,000 after purchasing an additional 2,194,636 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in Las Vegas Sands by 103.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 37,100 shares of the casino operator’s stock worth $2,201,000 after purchasing an additional 1,187,100 shares during the period. 36.81% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile

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.

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The Fly

Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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