Las Vegas Sands (NYSE:LVS) Price Target Cut to $69.00 by Analysts at Seaport Research Partners

Las Vegas Sands (NYSE:LVS) had its price target trimmed by Seaport Research Partners from $72.00 to $69.00 in a research note released on Tuesday,MarketScreener reports. The brokerage currently has a buy rating on the casino operator’s stock.

LVS has been the topic of several other research reports. Stifel Nicolaus dropped their price target on Las Vegas Sands from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Barclays set a $64.00 target price on shares of Las Vegas Sands in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Las Vegas Sands from $76.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. boosted their target price on shares of Las Vegas Sands from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Las Vegas Sands in a research note on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.84.

Las Vegas Sands Price Performance

NYSE LVS opened at $57.56 on Tuesday. The stock has a market capitalization of $38.20 billion, a P/E ratio of 24.60, a P/E/G ratio of 1.44 and a beta of 0.89. Las Vegas Sands has a 1 year low of $32.83 and a 1 year high of $70.45. The business’s fifty day moving average is $55.15 and its two-hundred day moving average is $58.98. The company has a debt-to-equity ratio of 7.58, a quick ratio of 1.13 and a current ratio of 1.14.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, January 28th. The casino operator reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.08. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Las Vegas Sands had a return on equity of 91.40% and a net margin of 12.50%.The firm’s revenue was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, research analysts forecast that Las Vegas Sands will post 3.18 earnings per share for the current fiscal year.

Las Vegas Sands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Monday, February 9th were paid a dividend of $0.30 per share. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.20 annualized dividend and a yield of 2.1%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 51.28%.

Insider Transactions at Las Vegas Sands

In other Las Vegas Sands news, CEO Patrick Dumont sold 60,165 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the sale, the chief executive officer directly owned 511,942 shares of the company’s stock, valued at $28,028,824.50. The trade was a 10.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Las Vegas Sands

Hedge funds have recently modified their holdings of the stock. Grove Bank & Trust acquired a new position in shares of Las Vegas Sands in the fourth quarter worth $26,000. International Assets Investment Management LLC acquired a new position in shares of Las Vegas Sands in the fourth quarter worth $26,000. Westside Investment Management Inc. increased its stake in shares of Las Vegas Sands by 48.0% in the third quarter. Westside Investment Management Inc. now owns 512 shares of the casino operator’s stock worth $28,000 after acquiring an additional 166 shares during the last quarter. DV Equities LLC acquired a new position in shares of Las Vegas Sands in the fourth quarter worth $28,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Las Vegas Sands in the fourth quarter worth $29,000. 39.16% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Company Profile

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.