Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Las Vegas Sands (NYSE:LVS) Stock Price

Las Vegas Sands (NYSE:LVSFree Report) had its price target raised by Deutsche Bank Aktiengesellschaft from $76.00 to $77.00 in a research note published on Thursday, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the casino operator’s stock.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Las Vegas Sands from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. JPMorgan Chase & Co. raised their price objective on Las Vegas Sands from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Susquehanna upped their target price on Las Vegas Sands from $62.00 to $63.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Argus raised their price target on Las Vegas Sands from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Finally, The Goldman Sachs Group upgraded Las Vegas Sands from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $64.00 to $80.00 in a research note on Monday, December 15th. One 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 stock. Based on data from MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average target price of $70.52.

Get Our Latest Stock Report on LVS

Las Vegas Sands Stock Down 14.0%

Shares of NYSE LVS opened at $52.71 on Thursday. Las Vegas Sands has a 12-month low of $30.18 and a 12-month high of $70.45. The stock’s fifty day simple moving average is $64.09 and its two-hundred day simple moving average is $58.04. The stock has a market capitalization of $35.64 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97. 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 (NYSE:LVSGet Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The casino operator reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $0.54 EPS. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. As a group, analysts expect that Las Vegas Sands will post 2.6 EPS for the current fiscal year.

Las Vegas Sands Increases Dividend

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

Insider Buying and Selling

In other news, EVP D. Zachary Hudson sold 100,000 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $64.99, for a total value of $6,499,000.00. Following the sale, the executive vice president owned 13,735 shares in the company, valued at $892,637.65. This represents a 87.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 1,198,650 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $66.68, for a total transaction of $79,925,982.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,582,053 shares of company stock worth $238,846,399 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Las Vegas Sands

Several institutional investors and hedge funds have recently modified their holdings of LVS. Maple Rock Capital Partners Inc. grew its position in shares of Las Vegas Sands by 124.4% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,003,880 shares of the casino operator’s stock valued at $43,679,000 after purchasing an additional 556,440 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Las Vegas Sands by 7.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 644,286 shares of the casino operator’s stock worth $28,033,000 after buying an additional 42,598 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in Las Vegas Sands in the 3rd quarter valued at $2,143,000. Intech Investment Management LLC purchased a new stake in Las Vegas Sands in the 2nd quarter valued at $1,254,000. Finally, CWM LLC increased its stake in shares of Las Vegas Sands by 78.0% in the 3rd quarter. CWM LLC now owns 102,576 shares of the casino operator’s stock worth $5,518,000 after acquiring an additional 44,940 shares during the last quarter. Institutional investors and hedge funds own 39.16% of the company’s stock.

More Las Vegas Sands News

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

Las Vegas Sands Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.