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

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

Other research analysts also recently issued reports about the stock. Citigroup upped their target price on shares of Las Vegas Sands from $74.00 to $75.00 and gave the company a buy rating in a research note on Thursday, April 18th. Mizuho decreased their target price on shares of Las Vegas Sands from $70.00 to $65.00 and set a buy rating for the company in a research note on Thursday, April 18th. Barclays decreased their target price on shares of Las Vegas Sands from $57.00 to $52.00 and set an overweight rating for the company in a research note on Thursday. Susquehanna decreased their target price on shares of Las Vegas Sands from $59.00 to $51.00 and set a positive rating for the company in a research note on Thursday. Finally, Morgan Stanley reduced their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an overweight rating on the stock in a research note on Friday, July 12th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $58.00.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $39.65 on Thursday. Las Vegas Sands has a 52-week low of $39.25 and a 52-week high of $60.47. The firm has a fifty day moving average of $43.56 and a 200-day moving average of $48.02. The firm has a market capitalization of $29.54 billion, a P/E ratio of 19.00, a PEG ratio of 0.74 and a beta of 1.12. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 2.96.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 24th. The casino operator reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 43.61%. Las Vegas Sands’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 earnings per share. As a group, analysts predict that Las Vegas Sands will post 2.64 EPS for the current year.

Las Vegas Sands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.02%. Las Vegas Sands’s payout ratio is currently 38.65%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bank & Trust Co bought a new position in shares of Las Vegas Sands in the 2nd quarter worth about $29,000. Delos Wealth Advisors LLC bought a new position in shares of Las Vegas Sands in the 4th quarter worth about $33,000. Venturi Wealth Management LLC lifted its position in shares of Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after buying an additional 409 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Las Vegas Sands in the 4th quarter worth about $39,000. Finally, Accent Capital Management LLC bought a new position in shares of Las Vegas Sands in the 4th quarter worth about $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.