Las Vegas Sands (NYSE:LVS) Price Target Lowered to $55.00 at Deutsche Bank Aktiengesellschaft

Las Vegas Sands (NYSE:LVS) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $61.00 to $55.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a buy rating on the casino operator’s stock.

Several other brokerages also recently issued reports on LVS. Jefferies Financial Group reduced their price objective on shares of Las Vegas Sands from $53.00 to $47.00 and set a hold rating on the stock in a research note on Thursday, July 11th. Stifel Nicolaus cut their price target on shares of Las Vegas Sands from $65.00 to $55.00 and set a buy rating on the stock in a research note on Thursday. Morgan Stanley dropped their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an overweight rating for the company in a research report on Friday, July 12th. JPMorgan Chase & Co. lowered their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an overweight rating for the company in a report on Thursday, April 18th. Finally, StockNews.com raised shares of Las Vegas Sands from a hold rating to a buy rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $58.00.

Las Vegas Sands Stock Down 0.4 %

LVS stock opened at $39.18 on Thursday. The company’s 50 day simple moving average is $43.40 and its 200-day simple moving average is $47.90. The firm has a market capitalization of $29.19 billion, a PE ratio of 18.93, a P/E/G ratio of 0.90 and a beta of 1.12. Las Vegas Sands has a 12 month low of $38.92 and a 12 month high of $60.47. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.30 and a quick ratio of 1.29.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 43.61%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. Equities analysts expect that Las Vegas Sands will post 2.49 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.80 annualized dividend and a yield of 2.04%. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Institutional Trading of Las Vegas Sands

Several hedge funds have recently bought and sold shares of LVS. Bank & Trust Co bought a new stake in shares of Las Vegas Sands during the 2nd quarter worth about $29,000. Delos Wealth Advisors LLC purchased a new position in shares of Las Vegas Sands in the fourth quarter worth approximately $33,000. Venturi Wealth Management LLC increased its position in shares of Las Vegas Sands by 150.4% in the fourth quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after acquiring an additional 409 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of Las Vegas Sands during the fourth quarter worth approximately $39,000. Finally, Accent Capital Management LLC acquired a new stake in shares of Las Vegas Sands during the fourth quarter worth approximately $39,000. 39.16% of the stock is currently owned by institutional investors.

Las Vegas Sands Company Profile

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.