Las Vegas Sands Corp. (LVS) Given Consensus Recommendation of “Buy” by Analysts
Shares of Las Vegas Sands Corp. (NYSE:LVS) have been assigned an average rating of “Buy” from the twenty-one analysts that are currently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $64.60.
LVS has been the topic of a number of recent research reports. Stifel Nicolaus reissued a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Sunday, September 3rd. Bank of America Corporation restated a “buy” rating and issued a $67.00 price target (up previously from $65.00) on shares of Las Vegas Sands Corp. in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Friday, October 13th. Deutsche Bank AG restated a “hold” rating and issued a $54.00 price target (up previously from $52.00) on shares of Las Vegas Sands Corp. in a research note on Thursday, July 27th. Finally, Roth Capital started coverage on shares of Las Vegas Sands Corp. in a research note on Wednesday, October 25th. They issued a “buy” rating and a $69.00 price target for the company.
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Las Vegas Sands Corp. (LVS) traded up $0.43 during midday trading on Thursday, hitting $66.68. 2,490,000 shares of the stock were exchanged, compared to its average volume of 3,090,000. Las Vegas Sands Corp. has a twelve month low of $51.35 and a twelve month high of $68.41. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $52,710.00, a PE ratio of 24.20 and a beta of 1.78.
Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Wednesday, October 25th. The casino operator reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10. Las Vegas Sands Corp. had a net margin of 16.80% and a return on equity of 31.11%. The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities analysts forecast that Las Vegas Sands Corp. will post 2.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.38%. Las Vegas Sands Corp.’s dividend payout ratio is currently 110.19%.
In other news, Director George Jamieson purchased 1,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average price of $66.96 per share, for a total transaction of $66,960.00. Following the completion of the transaction, the director now owns 6,488 shares of the company’s stock, valued at $434,436.48. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 10.10% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in LVS. Principal Financial Group Inc. grew its position in shares of Las Vegas Sands Corp. by 126.6% during the first quarter. Principal Financial Group Inc. now owns 55,946 shares of the casino operator’s stock worth $3,193,000 after acquiring an additional 31,261 shares during the last quarter. Capstone Asset Management Co. acquired a new stake in Las Vegas Sands Corp. in the second quarter worth about $208,000. State of Alaska Department of Revenue lifted its holdings in Las Vegas Sands Corp. by 24.4% in the second quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock worth $166,000 after purchasing an additional 510 shares during the period. CWM LLC lifted its holdings in Las Vegas Sands Corp. by 12.1% in the second quarter. CWM LLC now owns 14,945 shares of the casino operator’s stock worth $955,000 after purchasing an additional 1,609 shares during the period. Finally, North Star Investment Management Corp. lifted its holdings in Las Vegas Sands Corp. by 0.6% in the second quarter. North Star Investment Management Corp. now owns 15,725 shares of the casino operator’s stock worth $1,005,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 38.24% of the company’s stock.
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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