Stifel Nicolaus Increases Las Vegas Sands Corp. Price Target to $84.00 (LVS)
Equities research analysts at Stifel Nicolaus raised their target price on shares of Las Vegas Sands Corp. (NYSE:LVS) from $76.00 to $84.00 in a research note issued to investors on Friday, ARN reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 18.36% from the company’s current price.
The analysts wrote, “Reported adjusted EBITDAR of $1.28B (+46%) versus $877M last year and ahead of our consensus-matching $1.22B estimate. The relative outperformance was largely a function of better than anticipated Macau results, partially offsetting modest EBITDAR underperformance in Singapore and Las Vegas. LVS remains committed to returning excess cash to shareholders, as evidenced by the announced 43% increase in its 2014 dividend to $0.50/quarter and stated commitment to repurchasing $75M of common stock per month going forward.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Craig Hallum downgraded shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday. Separately, analysts at Nomura reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research note to investors on Friday. They now have a $80.00 price target on the stock, up previously from $77.00. Finally, analysts at RBC Capital raised their price target on shares of Las Vegas Sands Corp. from $65.00 to $75.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $70.14.
Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 70.97 on Friday. Las Vegas Sands Corp. has a 52 week low of $40.28 and a 52 week high of $71.00. The stock has a 50-day moving average of $64.44 and a 200-day moving average of $57.89. The company has a market cap of $58.477 billion and a P/E ratio of 31.13. Las Vegas Sands Corp. also saw unusually large options trading on Tuesday. Stock traders purchased 79,902 call options on the stock. This represents an increase of approximately 243% compared to the typical daily volume of 23,306 call options.
Las Vegas Sands Corp. (NYSE:LVS) last released its earnings data on Thursday, October 17th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.08. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the company posted $0.46 earnings per share. Las Vegas Sands Corp.’s revenue was up 31.7% compared to the same quarter last year. Analysts expect that Las Vegas Sands Corp. will post $2.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.97%.
Las Vegas Sands Corp. is a developer of destination properties (NYSE:LVS) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.
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