Las Vegas Sands Corp. (NYSE: LVS) has recently received a number of price target changes and ratings updates:

  • 11/10/2017 – Las Vegas Sands Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Las Vegas Sands’ Q3 adjusted earnings of 77 cents surpassed the Zacks Consensus Estimate by 14.9% and rose 8.5% year over year on higher revenues. Quarterly revenues of $3.2 billion also topped the consensus mark by nearly 3% and jumped 7.7% year over year given robust results at Parsian Macao and Marina Bay Sands. The company is positive on the prospects of The Parisian Macao and expects it to deliver continued growth in the long haul. In fact, the company’s planned investment of over $1.1 billion in new capital projects in Macao over the next three years, given the continual revival of gaming revenues therein, also bodes well for long-term growth. High occupancy rates at the Las Vegas properties are likely to further drive growth. Its shares have also outperformed the industry in the past six months. However, fears of another corruption crackdown by the authorities, Intense competition and high debt burden raise concern.”
  • 11/8/2017 – Las Vegas Sands Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $75.00 price target on the stock. According to Zacks, “Las Vegas Sands’ Q3 adjusted earnings of 77 cents surpassed the Zacks Consensus Estimate by 14.9% and rose 8.5% year over year on higher revenues. Quarterly revenues of $3.2 billion also topped the consensus mark by nearly 3% and jumped 7.7% year over year given robust results at Parsian Macao and Marina Bay Sands. The company is positive on the prospects of The Parisian Macao and expects it to deliver continued growth in the long haul. In fact, the company’s planned investment of over $1.1 billion in new capital projects in Macao over the next three years, given the continual revival of gaming revenues therein, also bodes well for long-term growth. Additionally, its shares have outperformed the industry in the past six months. However, fears of another corruption crackdown by the authorities may hamper performance. Even so, high occupancy rates at the Las Vegas properties are likely to drive growth.”
  • 11/6/2017 – Las Vegas Sands Corp. was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $65.00 price target on the stock.
  • 10/31/2017 – Las Vegas Sands Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Las Vegas Sands’ Q3 adjusted earnings of 77 cents surpassed the Zacks Consensus Estimate by 14.9% and rose 8.5% year over year on higher revenues. Quarterly revenues of $3.2 billion also topped the consensus mark by nearly 3% and jumped 7.7% year over year given robust results at Parsian Macao and Marina Bay Sands. The company is positive on the prospects of The Parisian Macao and expects it to deliver continued growth in the long haul. In fact, the company’s planned investment of over $1.1 billion in new capital projects in Macao over the next three years, given the continual revival of gaming revenues therein, also bodes well for long-term growth. Also, high occupancy rates at the Las Vegas properties are likely to drive growth. However, its shares have underperformed the industry in the past six months. Also, fears of another corruption crackdown by the authorities may hamper performance.”
  • 10/26/2017 – Las Vegas Sands Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “Las Vegas Sands’ Q3 adjusted earnings of 77 cents surpassed the Zacks Consensus Estimate by 14.9% and rose 8.5% year over year on higher revenues. Quarterly revenues of $3.2 billion also topped the consensus mark by nearly 3% and jumped 7.7% year over year given robust results at Parsian Macao and Marina Bay Sands. The company is positive on the prospects of The Parisian Macao and expects it to deliver continued growth in the long haul. In fact, the company’s planned investment of over $1.1 billion in new capital projects in Macao over the next three years, given the continual revival of gaming revenues therein, also bodes well for long-term growth. Even so, its shares have underperformed the industry in the past six months. Also, fears of another corruption crackdown by the authorities may hamper performance. Even so, upward estimate revisions raise optimism and high occupancy rates at the Las Vegas properties may drive growth.”
  • 10/26/2017 – Las Vegas Sands Corp. had its price target raised by analysts at Morgan Stanley from $63.00 to $65.00. They now have an “equal weight” rating on the stock.
  • 10/26/2017 – Las Vegas Sands Corp. had its price target raised by analysts at Deutsche Bank AG from $54.00 to $57.00. They now have a “hold” rating on the stock.
  • 10/26/2017 – Las Vegas Sands Corp. had its price target raised by analysts at Gabelli from $60.00 to $68.00. They now have a “buy” rating on the stock.
  • 10/26/2017 – Las Vegas Sands Corp. had its price target raised by analysts at Nomura from $54.00 to $57.00. They now have a “neutral” rating on the stock.
  • 10/25/2017 – Las Vegas Sands Corp. is now covered by analysts at Roth Capital. They set a “buy” rating and a $69.00 price target on the stock.
  • 10/16/2017 – Las Vegas Sands Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Las Vegas Sands’ efforts to boost tourism and traffic in Macao are yielding results, and the company’s portfolio therein is experiencing strong visitation of late. Focus on diversification and growth in the mass and non-gaming market also bode well and should aid margins. Going forward, the company is positive on its Cotai Strip portfolio of properties, buoyed by the addition of The Parisian Macao. High occupancy rates in the Las Vegas properties are also likely to continue driving growth. However, its shares have underperformed the industry in the past six months. Even so, upward estimate revisions raise optimism. Also, the company has mostly positive record of earnings surprises in recent quarters. Going forward, the stock is likely to continue benefiting from improving gaming trends in Macao and solid Las Vegas business, Yet, another corruption crackdown might affect Macao’s recovery and, in turn, hamper performance.”
  • 10/13/2017 – Las Vegas Sands Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “Las Vegas Sands’ efforts to boost tourism and traffic in Macao are yielding results, and the company’s portfolio therein is experiencing strong visitation of late. Focus on diversification and growth in the mass and non-gaming market also bode well and should aid margins. Going forward, the company is positive on its Cotai Strip portfolio of properties, buoyed by the addition of The Parisian Macao. High occupancy rates in the Las Vegas properties are also likely to continue driving growth. However, its shares have underperformed the industry in the past six months. Even so, upward estimate revisions raise optimism. Also, the company has mostly positive record of earnings surprises in recent quarters. Going forward, the stock is likely to continue benefiting from improving gaming trends in Macao and solid Las Vegas business, Yet, another corruption crackdown might affect Macao’s recovery and, in turn, hamper performance.”

Shares of Las Vegas Sands Corp. (LVS) opened at $66.25 on Thursday. Las Vegas Sands Corp. has a one year low of $51.35 and a one year high of $68.41. The stock has a market cap of $53,159.78, a price-to-earnings ratio of 24.19 and a beta of 1.78. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. analysts expect 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. Investors of record on Thursday, December 21st will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Wednesday, December 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 110.19%.

In other news, Director George Jamieson purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of $66.96 per share, with a total value of $66,960.00. Following the purchase, the director now directly owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.10% of the company’s stock.

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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