Shares of Las Vegas Sands Corp. (NYSE:LVS) have earned an average rating of “Hold” from the eighteen research firms that are presently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $63.83.

A number of equities analysts have recently weighed in on LVS shares. Stifel Nicolaus reissued a “buy” rating on shares of Las Vegas Sands Corp. in a report on Sunday, September 3rd. Bank of America Corporation reissued a “buy” rating and issued a $67.00 price target (up from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Zacks Investment Research raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Friday, October 13th. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 price target (up from $52.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Finally, Wells Fargo & Company reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, July 4th.

Shares of Las Vegas Sands Corp. (LVS) traded up 0.56% during mid-day trading on Friday, hitting $62.69. The company’s stock had a trading volume of 2,128,958 shares. Las Vegas Sands Corp. has a 12-month low of $51.35 and a 12-month high of $66.22. The stock has a 50-day moving average of $63.50 and a 200-day moving average of $61.27. The company has a market cap of $49.65 billion, a PE ratio of 24.39 and a beta of 1.76.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities research analysts forecast that Las Vegas Sands Corp. will post $2.76 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 21st were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Wednesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 113.18%.

A number of hedge funds have recently bought and sold shares of the business. Stephens Inc. AR grew its position in Las Vegas Sands Corp. by 0.7% during the second quarter. Stephens Inc. AR now owns 4,389 shares of the casino operator’s stock valued at $280,000 after acquiring an additional 31 shares during the period. Baldwin Investment Management LLC grew its position in Las Vegas Sands Corp. by 0.6% during the second quarter. Baldwin Investment Management LLC now owns 6,473 shares of the casino operator’s stock valued at $414,000 after acquiring an additional 40 shares during the period. Lee Financial Co grew its position in Las Vegas Sands Corp. by 1.4% during the second quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock valued at $197,000 after acquiring an additional 43 shares during the period. Wagner Bowman Management Corp grew its position in Las Vegas Sands Corp. by 1.1% during the second quarter. Wagner Bowman Management Corp now owns 5,666 shares of the casino operator’s stock valued at $362,000 after acquiring an additional 61 shares during the period. Finally, Toronto Dominion Bank grew its position in Las Vegas Sands Corp. by 0.4% during the second quarter. Toronto Dominion Bank now owns 24,878 shares of the casino operator’s stock valued at $1,592,000 after acquiring an additional 94 shares during the period. 37.97% of the stock is owned by hedge funds and other institutional investors.

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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)

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