Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “neutral” rating reaffirmed by research analysts at Goldman Sachs Group Inc. in a note issued to investors on Wednesday.
A number of other research firms have also weighed in on LVS. Telsey Advisory Group increased their price objective on Las Vegas Sands Corp. from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Tuesday, July 26th. JPMorgan Chase & Co. dropped their price objective on Las Vegas Sands Corp. from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, July 14th. Vetr raised Las Vegas Sands Corp. from a “buy” rating to a “strong-buy” rating and set a $66.73 price objective for the company in a research note on Monday. Susquehanna reissued 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. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Las Vegas Sands Corp. in a research note on Sunday, June 26th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.63.
Las Vegas Sands Corp. (NYSE:LVS) traded up 0.41% during mid-day trading on Wednesday, reaching $59.05. 2,424,826 shares of the company traded hands. The company’s 50-day moving average is $54.93 and its 200-day moving average is $49.46. The stock has a market capitalization of $46.92 billion, a price-to-earnings ratio of 28.75 and a beta of 2.04. Las Vegas Sands Corp. has a 12-month low of $34.88 and a 12-month high of $59.81.
Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Monday, July 25th. The casino operator reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Las Vegas Sands Corp. had a net margin of 14.69% and a return on equity of 22.12%. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. Equities analysts predict that Las Vegas Sands Corp. will post $2.20 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend was Tuesday, September 20th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is currently 140.49%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Pinkerton Retirement Specialists LLC bought a new position in Las Vegas Sands Corp. during the second quarter valued at approximately $119,000. Seven Bridges Advisors LLC increased its position in 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 valued at $119,000 after buying an additional 857 shares during the period. Assetmark Inc. increased its position in Las Vegas Sands Corp. by 10.6% in the second quarter. Assetmark Inc. now owns 3,069 shares of the casino operator’s stock valued at $133,000 after buying an additional 293 shares during the period. Americafirst Capital Management LLC bought a new position in Las Vegas Sands Corp. during the second quarter valued at approximately $181,000. Finally, Bellwether Investment Group LLC bought a new position in Las Vegas Sands Corp. during the second quarter valued at approximately $186,000. 37.88% of the stock is currently owned by hedge funds and other institutional investors.
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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