Las Vegas Sands Corp. Given Average Recommendation of “Buy” by Analysts (NYSE:LVS)
Shares of Las Vegas Sands Corp. (NYSE:LVS) have received an average rating of “Buy” from the twenty-three ratings firms that are covering the stock, Analyst Ratings News reports. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $82.57.
Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 67.65 on Monday. Las Vegas Sands Corp. has a 52-week low of $55.96 and a 52-week high of $88.28. The stock’s 50-day moving average is $71. and its 200-day moving average is $76.35. The company has a market cap of $54.596 billion and a P/E ratio of 20.86. Las Vegas Sands Corp. also saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 20,278,005 shares, a growth of 20.0% from the July 31st total of 16,899,545 shares. Based on an average daily volume of 5,806,616 shares, the days-to-cover ratio is presently 3.5 days. Approximately 5.4% of the shares of the company are short sold.
Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the 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 $3.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders 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 2.96%. The ex-dividend date is Thursday, September 18th.
A number of analysts have recently weighed in on LVS shares. 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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