Research Analysts’ Recent Ratings Changes for Las Vegas Sands (LVS)

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

• 4/18/2024 – Las Vegas Sands had its price target lowered by analysts at Barclays PLC from $60.00 to $59.00. They now have an “overweight” rating on the stock.
• 4/18/2024 – Las Vegas Sands had its price target lowered by analysts at Wells Fargo & Company from $62.00 to $60.00. They now have an “overweight” rating on the stock.
• 4/18/2024 – Las Vegas Sands had its price target lowered by analysts at JPMorgan Chase & Co. from $59.00 to $55.00. They now have an “overweight” rating on the stock.
• 4/18/2024 – Las Vegas Sands had its price target lowered by analysts at Jefferies Financial Group Inc. from $54.00 to $53.00. They now have a “hold” rating on the stock.
• 4/18/2024 – Las Vegas Sands had its price target lowered by analysts at Stifel Nicolaus from $70.00 to $65.00. They now have a “buy” rating on the stock.
• 4/18/2024 – Las Vegas Sands had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $66.00 to $62.00. They now have a “buy” rating on the stock.
• 4/18/2024 – Las Vegas Sands had its price target raised by analysts at Citigroup Inc. from $74.00 to $75.00. They now have a “buy” rating on the stock.
• 4/18/2024 – Las Vegas Sands had its price target lowered by analysts at Mizuho from $70.00 to $65.00. They now have a “buy” rating on the stock.
• 4/10/2024 – Las Vegas Sands had its price target raised by analysts at Barclays PLC from $57.00 to $60.00. They now have an “overweight” rating on the stock.
• 4/10/2024 – Las Vegas Sands was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/9/2024 – Las Vegas Sands had its price target raised by analysts at Morgan Stanley from $61.00 to $62.00. They now have an “overweight” rating on the stock.
• 4/2/2024 – Las Vegas Sands was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/26/2024 – Las Vegas Sands is now covered by analysts at Mizuho. They set a “buy” rating and a $70.00 price target on the stock.
• 3/12/2024 – Las Vegas Sands was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $46.72 on Wednesday. Las Vegas Sands Corp. has a fifty-two week low of $43.77 and a fifty-two week high of $63.51. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 1.30. The company has a 50 day moving average price of $50.07 and a 200 day moving average price of $49.71. The stock has a market capitalization of $34.81 billion, a P/E ratio of 22.57, a PEG ratio of 0.87 and a beta of 1.18.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a return on equity of 42.34% and a net margin of 13.99%. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. The firm’s revenue was up 34.9% compared to the same quarter last year. Equities research analysts forecast that Las Vegas Sands Corp. will post 2.63 EPS for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, May 6th. Las Vegas Sands’s payout ratio is 38.65%.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in Las Vegas Sands in the fourth quarter valued at $266,538,000. Vanguard Group Inc. increased its holdings in Las Vegas Sands by 13.1% during the 4th quarter. Vanguard Group Inc. now owns 36,898,186 shares of the casino operator’s stock valued at $1,815,760,000 after acquiring an additional 4,264,043 shares in the last quarter. ARGA Investment Management LP raised its position in shares of Las Vegas Sands by 214.5% during the 4th quarter. ARGA Investment Management LP now owns 3,110,574 shares of the casino operator’s stock worth $153,071,000 after purchasing an additional 2,121,546 shares during the last quarter. Charles Lim Capital Ltd increased its position in Las Vegas Sands by 296.2% during the 3rd quarter. Charles Lim Capital Ltd now owns 2,575,000 shares of the casino operator’s stock worth $118,038,000 after purchasing an additional 1,925,000 shares in the last quarter. Finally, Ghisallo Capital Management LLC acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at approximately $73,815,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.