Las Vegas Sands Corp. (LVS) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Las Vegas Sands Corp. (NYSE:LVS) have been assigned a consensus rating of “Buy” from the twenty-three analysts that are currently covering the firm, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $61.54.
Several research analysts recently weighed in on the company. Telsey Advisory Group lifted their price target on Las Vegas Sands Corp. from $58.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday, April 27th. Instinet reiterated a “neutral” rating and set a $54.00 price target (up from $50.00) on shares of Las Vegas Sands Corp. in a research report on Monday. Vetr upgraded Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 price target for the company in a research report on Wednesday, May 31st. Wells Fargo & Company reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, April 19th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $63.00 price target on shares of Las Vegas Sands Corp. in a research report on Thursday, April 20th.
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Several hedge funds have recently modified their holdings of LVS. TrimTabs Asset Management LLC raised its position in Las Vegas Sands Corp. by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock worth $105,000 after buying an additional 864 shares during the period. Financial Architects Inc raised its position in Las Vegas Sands Corp. by 226.1% in the first quarter. Financial Architects Inc now owns 1,875 shares of the casino operator’s stock worth $107,000 after buying an additional 1,300 shares during the period. State of Alaska Department of Revenue bought a new position in Las Vegas Sands Corp. during the first quarter worth $119,000. Advantage Investment Management LLC bought a new position in Las Vegas Sands Corp. during the fourth quarter worth $141,000. Finally, Nikko Asset Management Americas Inc. bought a new position in Las Vegas Sands Corp. during the first quarter worth $154,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.
Las Vegas Sands Corp. (NYSE LVS) traded up 1.74% during trading on Monday, hitting $66.12. The stock had a trading volume of 4,092,411 shares. The stock’s 50-day moving average is $60.11 and its 200-day moving average is $56.67. The stock has a market capitalization of $52.50 billion, a PE ratio of 28.75 and a beta of 1.75. Las Vegas Sands Corp. has a 52-week low of $41.45 and a 52-week high of $66.22.
Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 26th. The casino operator reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Las Vegas Sands Corp. had a return on equity of 26.93% and a net margin of 15.51%. Las Vegas Sands Corp.’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. On average, analysts predict that Las Vegas Sands Corp. will post $2.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 22nd will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Tuesday, June 20th. Las Vegas Sands Corp.’s dividend payout ratio is presently 126.96%.
Las Vegas Sands Corp. Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature 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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