Vetr upgraded shares of Las Vegas Sands Corp. (NYSE:LVS) from a buy rating to a strong-buy rating in a report released on Monday. Vetr currently has $66.73 target price on the casino operator’s stock.
A number of other research firms also recently issued reports on LVS. Deutsche Bank AG restated a hold rating on shares of Las Vegas Sands Corp. in a report on Friday, September 16th. Credit Agricole SA boosted their target price on shares of Las Vegas Sands Corp. from $50.00 to $58.00 and gave the company an outperform rating in a report on Monday, September 19th. Citigroup Inc. restated a buy rating and issued a $62.00 target price on shares of Las Vegas Sands Corp. in a report on Wednesday, September 14th. Argus upgraded shares of Las Vegas Sands Corp. from a hold rating to a buy rating and boosted their price objective for the stock from $56.54 to $67.00 in a research note on Wednesday, September 14th. Finally, Susquehanna reiterated a positive rating and set a $63.00 price objective on shares of Las Vegas Sands Corp. in a research note on Thursday, September 8th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $55.63.
Las Vegas Sands Corp. (NYSE:LVS) opened at 58.87 on Monday. Las Vegas Sands Corp. has a 52-week low of $34.88 and a 52-week high of $59.81. The stock has a market cap of $46.78 billion, a PE ratio of 28.66 and a beta of 2.04. The company’s 50 day moving average is $55.12 and its 200-day moving average is $49.53.
Las Vegas Sands Corp. (NYSE:LVS) last released its earnings results on Monday, July 25th. The casino operator reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Las Vegas Sands Corp.’s revenue for the quarter was down 9.3% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 22nd were given a $0.72 dividend. The ex-dividend date was Tuesday, September 20th. This represents a $2.88 dividend on an annualized basis and a yield of 4.89%. Las Vegas Sands Corp.’s dividend payout ratio is presently 140.49%.
Institutional investors have recently made changes to their positions in the stock. Northern Cross LLC raised its position in shares of Las Vegas Sands Corp. by 5.8% in the second quarter. Northern Cross LLC now owns 39,053,967 shares of the casino operator’s stock worth $1,698,457,000 after buying an additional 2,131,779 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Las Vegas Sands Corp. during the first quarter worth about $72,868,000. Newport Asia LLC bought a new position in shares of Las Vegas Sands Corp. during the second quarter worth about $58,394,000. AQR Capital Management LLC raised its position in shares of Las Vegas Sands Corp. by 422.2% in the second quarter. AQR Capital Management LLC now owns 1,653,159 shares of the casino operator’s stock worth $71,896,000 after buying an additional 1,336,611 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Las Vegas Sands Corp. by 127.6% in the second quarter. UBS Asset Management Americas Inc. now owns 2,039,239 shares of the casino operator’s stock worth $88,688,000 after buying an additional 1,143,077 shares in the last quarter. Hedge funds and other institutional investors own 37.88% of the company’s stock.
About Las Vegas Sands Corp.
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.
To view Vetr’s full report, visit Vetr’s official website.
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