Las Vegas Sands Corp. (LVS) Receives “Neutral” Rating from Wells Fargo & Co.
Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “neutral” rating reissued by equities researchers at Wells Fargo & Co. in a research report issued to clients and investors on Monday.
Several other research firms have also issued reports on LVS. Telsey Advisory Group raised 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 report on Tuesday, July 26th. JPMorgan Chase & Co. cut their price objective on Las Vegas Sands Corp. from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, October 5th. Vetr upgraded Las Vegas Sands Corp. from a “buy” rating to a “strong-buy” rating and set a $66.73 price objective on the stock in a research report on Monday, October 3rd. Finally, Susquehanna reiterated a “positive” rating and issued a $63.00 price objective on shares of Las Vegas Sands Corp. in a research report on Thursday, September 8th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned 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.
Las Vegas Sands Corp. (NYSE:LVS) opened at 58.68 on Monday. The stock’s 50 day moving average price is $55.48 and its 200-day moving average price is $49.64. Las Vegas Sands Corp. has a 12 month low of $34.88 and a 12 month high of $59.81. The firm has a market capitalization of $46.63 billion, a price-to-earnings ratio of 28.57 and a beta of 2.03.
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Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings data 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 firm had revenue of $2.65 billion for 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 business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. Equities analysts anticipate that Las Vegas Sands Corp. will post $2.19 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a 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%.
Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its position 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 worth $136,000 after buying an additional 205 shares during the period. Pinkerton Retirement Specialists LLC acquired a new position in Las Vegas Sands Corp. during the second quarter worth $119,000. Seven Bridges Advisors LLC raised its position 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 worth $119,000 after buying an additional 857 shares during the period. First Mercantile Trust Co. raised its position 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 worth $166,000 after buying an additional 865 shares during the period. Finally, Assetmark Inc. raised its position 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 worth $133,000 after buying an additional 293 shares during the period. 37.95% of the stock is owned by hedge funds and other institutional investors.
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.
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