Las Vegas Sands Corp. (LVS) Stock Rating Lowered by Vetr Inc.
Las Vegas Sands Corp. (NYSE:LVS) was downgraded by research analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday. They presently have a $55.63 price target on the casino operator’s stock. Vetr‘s target price would suggest a potential downside of 3.02% from the stock’s current price.
Other research analysts also recently issued research reports about the company. Goldman Sachs Group Inc began coverage on Las Vegas Sands Corp. in a research note on Thursday, December 15th. They set a “buy” rating and a $68.00 price target on the stock. Aegis began coverage on Las Vegas Sands Corp. in a research note on Thursday, December 22nd. They set a “buy” rating and a $60.00 price target on the stock. Stifel Nicolaus dropped their price target on Las Vegas Sands Corp. from $66.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, January 26th. Citigroup Inc restated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Wednesday, November 30th. Finally, Wells Fargo & Co restated a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Saturday, December 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $58.98.
Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 0.33% on Monday, reaching $57.36. The company’s stock had a trading volume of 5,675,523 shares. The stock has a 50-day moving average price of $53.34 and a 200-day moving average price of $56.29. The company has a market capitalization of $45.59 billion, a price-to-earnings ratio of 27.31 and a beta of 1.91. Las Vegas Sands Corp. has a 1-year low of $41.45 and a 1-year high of $63.38.
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Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings results on Wednesday, January 25th. The casino operator reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by $0.04. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Las Vegas Sands Corp. had a return on equity of 23.75% and a net margin of 14.64%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. On average, equities research analysts forecast that Las Vegas Sands Corp. will post $2.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Thursday, March 23rd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Tuesday, March 21st. This is an increase from Las Vegas Sands Corp.’s previous quarterly dividend of $0.72. This represents a $2.92 dividend on an annualized basis and a dividend yield of 5.09%. Las Vegas Sands Corp.’s payout ratio is 137.14%.
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Several hedge funds have recently bought and sold shares of LVS. Norges Bank acquired a new stake in Las Vegas Sands Corp. during the fourth quarter worth $221,118,000. I.G. Investment Management LTD. increased its stake in Las Vegas Sands Corp. by 10.9% in the fourth quarter. I.G. Investment Management LTD. now owns 121,956 shares of the casino operator’s stock worth $6,514,000 after buying an additional 11,952 shares during the period. Numeric Investors LLC acquired a new stake in Las Vegas Sands Corp. during the fourth quarter worth $710,000. Advantage Investment Management LLC acquired a new stake in Las Vegas Sands Corp. during the fourth quarter worth $141,000. Finally, IFM Investors Pty Ltd acquired a new stake in Las Vegas Sands Corp. during the fourth quarter worth $299,000. Hedge funds and other institutional investors own 40.16% 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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