Las Vegas Sands Corp. (LVS) Raised to “Strong-Buy” at Vetr Inc.
Las Vegas Sands Corp. (NYSE:LVS) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The firm currently has a $68.87 target price on the casino operator’s stock. Vetr‘s price target indicates a potential upside of 16.81% from the company’s previous close.
LVS has been the topic of several other research reports. TheStreet raised shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, September 1st. Goldman Sachs Group Inc. reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Wednesday, October 5th. Susquehanna reaffirmed 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. Credit Agricole SA raised their price target on shares of Las Vegas Sands Corp. from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, September 19th. Finally, Bank of America Corp. raised shares of Las Vegas Sands Corp. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $58.87 to $63.00 in a research note on Tuesday, October 4th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $55.76.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 0.19% on Tuesday, reaching $58.96. 4,038,386 shares of the company’s stock traded hands. Las Vegas Sands Corp. has a 12-month low of $34.88 and a 12-month high of $60.00. The stock has a 50-day moving average price of $55.86 and a 200-day moving average price of $49.70. The company has a market cap of $46.85 billion, a PE ratio of 28.70 and a beta of 2.03.
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Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings results on Monday, July 25th. The casino operator reported $0.52 EPS for the quarter, missing the Thomson Reuters’ 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 quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 EPS. Equities research analysts anticipate that Las Vegas Sands Corp. will post $2.19 EPS for the current fiscal year.
The company also recently announced 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. This represents a $2.88 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Tuesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 140.49%.
Institutional investors have recently bought and sold shares of the stock. 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 valued at $136,000 after buying an additional 205 shares during the period. Pinkerton Retirement Specialists LLC purchased a new position in Las Vegas Sands Corp. during the second quarter valued at $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 valued at $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 valued at $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 valued at $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.
To view Vetr’s full report, visit Vetr’s official website.
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