Telsey Advisory Group Increases Las Vegas Sands Corp. (LVS) Price Target to $50.00
Las Vegas Sands Corp. (NYSE:LVS) had its target price upped by investment analysts at Telsey Advisory Group from $47.00 to $50.00 in a note issued to investors on Tuesday. The brokerage currently has a “market perform” rating on the casino operator’s stock. Telsey Advisory Group’s target price would indicate a potential downside of 14.35% from the company’s previous close.
Other research analysts also recently issued reports about the stock. Sterne Agee CRT reaffirmed a “buy” rating and issued a $55.00 target price on shares of Las Vegas Sands Corp. in a research report on Monday, April 25th. Vetr raised shares of Las Vegas Sands Corp. from a “sell” rating to a “buy” rating and set a $50.25 price objective on the stock in a research report on Thursday, April 21st. Citigroup Inc. raised their price objective on shares of Las Vegas Sands Corp. from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, April 13th. TheStreet raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating in a research report on Monday, April 11th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $58.00 price objective (up from $55.00) on shares of Las Vegas Sands Corp. in a research report on Friday, April 1st. Eleven 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. The stock has an average rating of “Buy” and an average price target of $55.63.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 0.71% on Tuesday, hitting $58.38. 3,090,929 shares of the company’s stock were exchanged. The stock has a market cap of $46.39 billion, a price-to-earnings 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 company’s 50-day moving average price is $55.48 and its 200 day moving average price is $49.64.
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Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Monday, July 25th. The casino operator reported $0.52 EPS 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 net margin of 14.69% and a return on equity of 22.12%. The company’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. On average, equities analysts predict that Las Vegas Sands Corp. will post $2.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend was Tuesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio is presently 140.49%.
Several institutional investors have recently bought and sold shares of LVS. CWM LLC increased its stake in Las Vegas Sands Corp. by 0.4% in the second quarter. CWM LLC now owns 12,799 shares of the casino operator’s stock worth $557,000 after buying an additional 48 shares during the last quarter. Prudential Financial Inc. increased its stake in Las Vegas Sands Corp. by 0.3% in the first quarter. Prudential Financial Inc. now owns 30,423 shares of the casino operator’s stock worth $1,573,000 after buying an additional 100 shares during the last quarter. Chesley Taft & Associates LLC increased its stake in Las Vegas Sands Corp. by 0.9% in the second quarter. Chesley Taft & Associates LLC now owns 16,200 shares of the casino operator’s stock worth $705,000 after buying an additional 150 shares during the last quarter. Delta Lloyd NV increased its stake in Las Vegas Sands Corp. by 0.6% in the fourth quarter. Delta Lloyd NV now owns 28,183 shares of the casino operator’s stock worth $1,236,000 after buying an additional 166 shares during the last quarter. Finally, Narwhal Capital Management increased its stake in Las Vegas Sands Corp. by 1.9% in the second quarter. Narwhal Capital Management now owns 11,000 shares of the casino operator’s stock worth $478,000 after buying an additional 200 shares during the last quarter. 37.88% of the stock is owned by institutional investors and hedge funds.
About Las Vegas Sands Corp.
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.
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