Las Vegas Sands Corp. Receives Overweight Rating from Morgan Stanley (LVS)
Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “overweight” rating reiterated by analysts at Morgan Stanley in a research report issued to clients and investors on Monday, AnalystRatings.Net reports. They currently have a $89.00 target price on the stock. Morgan Stanley’s price objective indicates a potential upside of 16.31% from the stock’s previous close.
The analysts wrote, “We continue to view LVS as best positioned in Macau and see upside in 2014 driven by i) continued ~30% growth in the mass market and LVS’ ability to improve its mass table efficiency, ii) mgmt’s additional proactive efforts to optimize table mix (new premium mass area at Cotai Central in 2H14), and iii) the company’s ability to cater to improving mass customer mix given its hotel room footprint. Our year-end ’14 price target remains at $89 based on a blended 13.7x 2015e EBITDA + $6/share for Parisian. Adding in the $2/share recurring dividend implies a 19% total return.”
A number of other firms have also recently commented on LVS. Analysts at Zacks reiterated an “outperform” rating on shares of Las Vegas Sands Corp. in a research note to investors on Thursday. They now have a $89.00 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Las Vegas Sands Corp. to $88.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Las Vegas Sands Corp. from $87.00 to $85.00 in a research note to investors on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating to the company’s stock. Las Vegas Sands Corp. presently has a consensus rating of “Buy” and a consensus target price of $78.92.
In other Las Vegas Sands Corp. news, COO Michael Leven sold 88,866 shares of the stock on the open market in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $75.39, for a total transaction of $6,699,607.74. Following the sale, the chief operating officer now directly owns 416,151 shares in the company, valued at approximately $31,373,624. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Las Vegas Sands Corp. (NYSE:LVS) opened at 76.52 on Monday. Las Vegas Sands Corp. has a 1-year low of $47.95 and a 1-year high of $82.48. The stock has a 50-day moving average of $78.2 and a 200-day moving average of $67.89. The company has a market cap of $62.642 billion and a price-to-earnings ratio of 27.43.
Las Vegas Sands Corp. (NYSE:LVS) last released its earnings data on Wednesday, January 29th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.02. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. Analysts expect that Las Vegas Sands Corp. will post $3.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 31st. Shareholders of record on Friday, March 21st will be given a dividend of 0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Wednesday, March 19th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.