Las Vegas Sands Corp. (NYSE:LVS) had its price objective upped by analysts at Credit Agricole SA from $50.00 to $58.00 in a research report issued to clients and investors on Monday. The firm presently has an “outperform” rating on the casino operator’s stock. Credit Agricole SA’s target price points to a potential upside of 3.06% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. Buckingham Research initiated coverage on Las Vegas Sands Corp. in a research note on Thursday, August 11th. They set a “neutral” rating and a $55.00 target price on the stock. Stifel Nicolaus boosted their target price on Las Vegas Sands Corp. from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Citigroup Inc. reissued a “buy” rating and set a $62.00 target price on shares of Las Vegas Sands Corp. in a research note on Wednesday, September 14th. Argus upgraded Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and lifted their price target for the company from $56.54 to $67.00 in a research report on Wednesday, September 14th. Finally, JPMorgan Chase & Co. dropped their price target on Las Vegas Sands Corp. from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Eleven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Las Vegas Sands Corp. has an average rating of “Buy” and a consensus target price of $54.29.
Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 56.28 on Monday. The stock has a market capitalization of $44.72 billion, a price-to-earnings ratio of 27.40 and a beta of 2.09. Las Vegas Sands Corp. has a 52-week low of $34.88 and a 52-week high of $58.65. The company has a 50-day moving average price of $53.12 and a 200-day moving average price of $49.05.
Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Monday, July 25th. The casino operator reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Las Vegas Sands Corp. had a net margin of 14.69% and a return on equity of 22.12%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period last year, the firm posted $0.60 earnings per share. Las Vegas Sands Corp.’s quarterly revenue was down 9.3% on a year-over-year basis. On average, equities analysts anticipate that Las Vegas Sands Corp. will post $2.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Tuesday, September 20th. Las Vegas Sands Corp.’s payout ratio is 140.49%.
A number of hedge funds have recently modified their holdings of the company. Pinkerton Retirement Specialists LLC bought a new stake in shares of Las Vegas Sands Corp. during the second quarter worth approximately $119,000. Seven Bridges Advisors LLC boosted its stake in shares of Las Vegas Sands Corp. by 45.8% in the second quarter. Seven Bridges Advisors LLC now owns 2,728 shares of the casino operator’s stock worth $119,000 after buying an additional 857 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Las Vegas Sands Corp. by 10.6% in the second quarter. Assetmark Inc. now owns 3,069 shares of the casino operator’s stock worth $133,000 after buying an additional 293 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in shares of Las Vegas Sands Corp. during the second quarter worth approximately $181,000. Finally, Bellwether Investment Group LLC bought a new stake in shares of Las Vegas Sands Corp. during the second quarter worth approximately $186,000. Institutional investors and hedge funds own 37.88% of the company’s stock.
Las Vegas Sands Corp. Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers 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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