Sterne Agee Reiterates “Buy” Rating for Las Vegas Sands Corp. (LVS)
Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “buy” rating reiterated by Sterne Agee in a research note issued on Friday. They currently have a $84.00 target price on the stock, down from their previous target price of $92.00. Sterne Agee’s price target would suggest a potential upside of 22.47% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Craig Hallum upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $83.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Las Vegas Sands Corp. in a research note on Monday, July 21st. They now have a $87.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Friday, July 18th. They now have a $77.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $82.57.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 0.25% on Friday, hitting $68.42. 3,120,218 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a 52-week low of $54.36 and a 52-week high of $88.28. The stock has a 50-day moving average of $73.32 and a 200-day moving average of $76.84. The company has a market cap of $55.218 billion and a P/E ratio of 21.18.
Las Vegas Sands Corp. (NYSE:LVS) last announced its earnings results on Wednesday, July 16th. The company reported $0.85 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.91 by $0.06. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts predict that Las Vegas Sands Corp. will post $3.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, September 18th.
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.