Las Vegas Sands Corp. (NYSE:LVS) has received a consensus rating of “Buy” from the twenty-three brokerages that are presently covering the stock, Marketbeat reports. Eleven analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $63.66.

A number of brokerages have issued reports on LVS. Telsey Advisory Group raised their price target on Las Vegas Sands Corp. from $58.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, April 27th. UBS AG reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, April 11th. Vetr raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $63.09 price objective on the stock in a research note on Wednesday, May 31st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price objective (up from $58.00) on shares of Las Vegas Sands Corp. in a research note on Monday, July 10th. Finally, Wells Fargo & Company reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research note on Wednesday, April 19th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its position in shares of Las Vegas Sands Corp. by 55.9% in the first quarter. Ameriprise Financial Inc. now owns 2,418,814 shares of the casino operator’s stock worth $138,022,000 after buying an additional 867,643 shares during the period. United Services Automobile Association raised its position in shares of Las Vegas Sands Corp. by 27.5% in the first quarter. United Services Automobile Association now owns 594,863 shares of the casino operator’s stock worth $33,949,000 after buying an additional 128,315 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Las Vegas Sands Corp. during the first quarter worth about $1,039,000. Kings Point Capital Management raised its position in shares of Las Vegas Sands Corp. by 50.0% in the first quarter. Kings Point Capital Management now owns 84,758 shares of the casino operator’s stock worth $4,837,000 after buying an additional 28,266 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Las Vegas Sands Corp. by 1.5% in the first quarter. Legal & General Group Plc now owns 1,768,012 shares of the casino operator’s stock worth $100,899,000 after buying an additional 26,259 shares during the period. Institutional investors and hedge funds own 38.27% of the company’s stock.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded down 0.11% during mid-day trading on Tuesday, reaching $61.00. 3,351,451 shares of the company traded hands. The stock has a market capitalization of $48.31 billion, a price-to-earnings ratio of 23.74 and a beta of 1.81. The company’s 50 day moving average is $62.70 and its 200 day moving average is $58.12. Las Vegas Sands Corp. has a 52-week low of $49.89 and a 52-week high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.31% and a net margin of 16.66%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company earned $0.52 EPS. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. On average, equities analysts forecast that Las Vegas Sands Corp. will post $2.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be given a dividend of $0.73 per share. The ex-dividend date is Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.79%. Las Vegas Sands Corp.’s dividend payout ratio is currently 113.18%.

COPYRIGHT VIOLATION WARNING: “Las Vegas Sands Corp. (NYSE:LVS) Receives Average Recommendation of “Buy” from Brokerages” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/08/las-vegas-sands-corp-nyselvs-receives-average-recommendation-of-buy-from-brokerages.html.

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.

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

Receive News & Ratings for Las Vegas Sands Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. and related companies with MarketBeat.com's FREE daily email newsletter.