Las Vegas Sands Corp. (LVS) Receives “Neutral” Rating from Wells Fargo & Co.
Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “neutral” rating reiterated by investment analysts at Wells Fargo & Co. in a research note issued on Monday.
A number of other analysts have also commented on LVS. Vetr raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $48.18 target price for the company in a research report on Monday, June 13th. Zacks Investment Research lowered Las Vegas Sands Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Deutsche Bank AG reaffirmed a “hold” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, June 26th. JPMorgan Chase & Co. decreased their target price on Las Vegas Sands Corp. from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, July 14th. Finally, Telsey Advisory Group boosted their target price on Las Vegas Sands Corp. from $47.00 to $50.00 and gave the company a “market perform” rating in a research report on Tuesday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $55.63.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 1.3042% during trading on Monday, hitting $59.1414. The stock had a trading volume of 195,630 shares. Las Vegas Sands Corp. has a 52 week low of $34.88 and a 52 week 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. The company has a market capitalization of $46.99 billion, a price-to-earnings ratio of 28.7933 and a beta of 2.03.
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Las Vegas Sands Corp. (NYSE:LVS) last issued its earnings results on Monday, July 25th. The casino operator reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.04. Las Vegas Sands Corp. had a net margin of 14.69% and a return on equity of 22.12%. The firm earned $2.65 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was down 9.3% on a year-over-year basis. Analysts predict that Las Vegas Sands Corp. will post $2.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 22nd were given a $0.72 dividend. The ex-dividend date was Tuesday, September 20th. This represents a $2.88 annualized dividend and a yield of 4.93%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 140.49%.
A number of hedge funds and other institutional investors have recently made changes to their positions in LVS. Seven Bridges Advisors LLC raised its stake in 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 during the last quarter. Pinkerton Retirement Specialists LLC acquired a new stake in Las Vegas Sands Corp. during the second quarter valued at about $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 last quarter. 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 last quarter. 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 last quarter. Institutional investors own 37.95% of the company’s stock.
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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