Las Vegas Sands Corp. Given Consensus Recommendation of “Buy” by Brokerages (NYSE:LVS)
Shares of Las Vegas Sands Corp. (NYSE:LVS) have been given an average recommendation of “Buy” by the twenty-three ratings firms that are currently covering the stock, Stock Ratings News reports. Five equities research analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $82.57.
Las Vegas Sands Corp. (NYSE:LVS) opened at 69.48 on Monday. Las Vegas Sands Corp. has a 52-week low of $54.36 and a 52-week high of $88.28. The stock’s 50-day moving average is $71.94 and its 200-day moving average is $76.57. The company has a market cap of $56.073 billion and a P/E ratio of 21.37.
Las Vegas Sands Corp. (NYSE:LVS) last announced its earnings results on Wednesday, July 16th. The company reported $0.85 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.65 earnings per share. Las Vegas Sands Corp.’s revenue was up 11.8% compared to the same quarter last year. Analysts expect that Las Vegas Sands Corp. will post $3.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, September 18th.
A number of research firms have recently commented on LVS. Analysts at Sterne Agee reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Friday, August 15th. They now have a $84.00 price target on the stock, down previously from $92.00. Separately, 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. Finally, 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.
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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