Las Vegas Sands Corp. (LVS) Upgraded at Vetr Inc.
Las Vegas Sands Corp. (NYSE:LVS) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The firm currently has a $66.73 price target on the casino operator’s stock. Vetr‘s price objective suggests a potential upside of 14.30% from the company’s previous close.
A number of other brokerages have also recently weighed in on LVS. Telsey Advisory Group lifted their price target on Las Vegas Sands Corp. from $47.00 to $50.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 26th. JPMorgan Chase & Co. dropped their price target on Las Vegas Sands Corp. from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, July 14th. Susquehanna reissued a “positive” rating and issued a $63.00 price target on shares of Las Vegas Sands Corp. in a research note on Thursday, September 8th. Deutsche Bank AG reissued a “hold” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, June 26th. Finally, Stifel Nicolaus lifted their price target on Las Vegas Sands Corp. from $56.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, September 8th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $55.63.
Las Vegas Sands Corp. (NYSE:LVS) traded down 0.71% during midday trading on Monday, hitting $58.38. 3,090,929 shares of the company traded hands. The stock has a market cap of $46.39 billion, a P/E ratio of 28.42 and a beta of 2.04. Las Vegas Sands Corp. has a 12-month low of $34.88 and a 12-month high of $59.81. The stock has a 50 day moving average of $55.48 and a 200 day moving average of $49.64.
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Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Monday, July 25th. The casino operator reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.04. The company earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Las Vegas Sands Corp. had a return on equity of 22.12% and a net margin of 14.69%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. Equities research analysts predict that Las Vegas Sands Corp. will post $2.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, September 20th. This represents a $2.88 annualized dividend and a dividend yield of 4.93%. Las Vegas Sands Corp.’s dividend payout ratio is 140.49%.
Several large investors have recently made changes to their positions in the stock. Seven Bridges Advisors LLC raised its stake in shares of Las Vegas Sands Corp. by 45.8% in the second quarter. Seven Bridges Advisors LLC now owns 2,728 shares of the casino operator’s stock valued at $119,000 after buying an additional 857 shares in the last quarter. Pinkerton Retirement Specialists LLC bought a new stake in Las Vegas Sands Corp. during the second quarter valued at $119,000. Assetmark Inc. raised its stake in Las Vegas Sands Corp. by 10.6% in the second quarter. Assetmark Inc. now owns 3,069 shares of the casino operator’s stock valued at $133,000 after buying an additional 293 shares during the period. Advisory Services Network LLC raised its stake in Las Vegas Sands Corp. by 9.5% in the third quarter. Advisory Services Network LLC now owns 2,366 shares of the casino operator’s stock valued at $136,000 after buying an additional 205 shares during the period. Finally, First Mercantile Trust Co. raised its stake in Las Vegas Sands Corp. by 42.8% in the third quarter. First Mercantile Trust Co. now owns 2,886 shares of the casino operator’s stock valued at $166,000 after buying an additional 865 shares during the period. Institutional investors and hedge funds own 37.88% of the company’s stock.
Las Vegas Sands Corp. Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.
To view Vetr’s full report, visit Vetr’s official website.
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