Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “neutral” rating reissued by research analysts at UBS AG in a research report issued on Monday, www.flashratings.com reports.

Several other brokerages also recently weighed in on LVS. Wells Fargo & Company reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 target price (up previously from $58.00) on shares of Las Vegas Sands Corp. in a research note on Monday. Stifel Nicolaus increased their target price on shares of Las Vegas Sands Corp. from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Deutsche Bank AG increased their target price on shares of Las Vegas Sands Corp. from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Finally, CLSA reaffirmed a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Thursday, April 27th. Eleven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $61.92.

Shares of Las Vegas Sands Corp. (NYSE LVS) traded up 1.00% during trading on Monday, reaching $62.39. 1,274,006 shares of the company were exchanged. The stock’s 50 day moving average is $61.65 and its 200 day moving average is $56.95. Las Vegas Sands Corp. has a 1-year low of $43.51 and a 1-year high of $66.22. The company has a market capitalization of $49.54 billion, a price-to-earnings ratio of 27.13 and a beta of 1.81.

Las Vegas Sands Corp. (NYSE:LVS) last announced its earnings results on Wednesday, April 26th. The casino operator reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.04. Las Vegas Sands Corp. had a net margin of 15.51% and a return on equity of 26.93%. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities analysts anticipate that Las Vegas Sands Corp. will post $2.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 22nd were paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 4.73%. The ex-dividend date was Tuesday, June 20th. Las Vegas Sands Corp.’s payout ratio is 126.96%.

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A number of hedge funds have recently made changes to their positions in LVS. BlackRock Inc. raised its position in Las Vegas Sands Corp. by 2,504.7% in the first quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock valued at $899,674,000 after buying an additional 15,159,167 shares during the period. Nicholas Investment Partners LP raised its position in Las Vegas Sands Corp. by 2,418.0% in the first quarter. Nicholas Investment Partners LP now owns 1,500,000 shares of the casino operator’s stock valued at $85,605,000 after buying an additional 1,440,429 shares during the period. Investec Asset Management LTD purchased a new position in Las Vegas Sands Corp. during the first quarter valued at $74,167,000. Vontobel Asset Management Inc. raised its position in Las Vegas Sands Corp. by 29.8% in the first quarter. Vontobel Asset Management Inc. now owns 5,646,362 shares of the casino operator’s stock valued at $327,900,000 after buying an additional 1,297,306 shares during the period. Finally, Thornburg Investment Management Inc. raised its position in Las Vegas Sands Corp. by 39.0% in the first quarter. Thornburg Investment Management Inc. now owns 4,187,059 shares of the casino operator’s stock valued at $238,955,000 after buying an additional 1,174,688 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

About Las Vegas Sands Corp.

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.

Analyst Recommendations for Las Vegas Sands Corp. (NYSE:LVS)

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