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 recommendation of “Buy” from the twenty ratings firms that are currently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $66.39.
LVS has been the topic of a number of recent research reports. Zacks Investment Research cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Roth Capital initiated coverage on Las Vegas Sands in a report on Wednesday, October 25th. They issued a “buy” rating and a $69.00 target price on the stock. Morgan Stanley lifted their target price on Las Vegas Sands from $63.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Gabelli lifted their target price on Las Vegas Sands from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Nomura lifted their target price on Las Vegas Sands from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th.
Shares of Las Vegas Sands (NYSE:LVS) traded down $0.23 during mid-day trading on Friday, hitting $67.92. The stock had a trading volume of 3,752,736 shares, compared to its average volume of 3,683,100. Las Vegas Sands has a one year low of $51.35 and a one year high of $72.20. The firm has a market cap of $53,690.00, a PE ratio of 25.63 and a beta of 1.80. 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 also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were issued a dividend of $0.73 per share. The ex-dividend date was Wednesday, December 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.30%. Las Vegas Sands’s dividend payout ratio is 110.19%.
In other Las Vegas Sands news, Director George Jamieson purchased 1,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average price of $66.96 per share, for a total transaction of $66,960.00. Following the completion of the acquisition, the director now owns 6,488 shares of the company’s stock, valued at approximately $434,436.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Las Vegas Sands by 1.6% during the second quarter. Vanguard Group Inc. now owns 20,034,880 shares of the casino operator’s stock valued at $1,280,029,000 after buying an additional 322,708 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Las Vegas Sands by 2.3% during the second quarter. BlackRock Inc. now owns 16,129,966 shares of the casino operator’s stock valued at $1,030,543,000 after buying an additional 365,566 shares in the last quarter. Capital World Investors boosted its position in Las Vegas Sands by 14.5% during the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after purchasing an additional 1,263,000 shares during the last quarter. Thornburg Investment Management Inc. boosted its position in Las Vegas Sands by 4.8% during the third quarter. Thornburg Investment Management Inc. now owns 4,387,745 shares of the casino operator’s stock valued at $281,518,000 after purchasing an additional 199,979 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Las Vegas Sands by 25.0% during the third quarter. Janus Henderson Group PLC now owns 4,051,823 shares of the casino operator’s stock valued at $259,973,000 after purchasing an additional 810,373 shares during the last quarter. Institutional investors and hedge funds own 37.37% of the company’s stock.
About Las Vegas Sands
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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