Las Vegas Sands Corp. (NYSE:LVS) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday. The brokerage currently has a $63.40 price objective on the casino operator’s stock. Vetr‘s price objective would indicate a potential upside of 11.44% from the company’s current price.
Several other equities analysts have also 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 price target on the stock. Stifel Nicolaus boosted their price target 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. restated a “buy” rating and set a $62.00 price target 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 boosted their price target for the company from $56.54 to $67.00 in a research note on Wednesday, September 14th. Finally, JPMorgan Chase & Co. lowered their price objective on Las Vegas Sands Corp. from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, July 14th. Eleven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $54.96.
Las Vegas Sands Corp. (NYSE:LVS) opened at 56.89 on Monday. Las Vegas Sands Corp. has a 12 month low of $34.88 and a 12 month high of $58.65. The stock’s 50 day moving average price is $54.09 and its 200 day moving average price is $49.29. The firm has a market capitalization of $45.20 billion, a PE ratio of 27.70 and a beta of 2.09.
Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Monday, July 25th. The casino operator reported $0.52 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The company’s revenue was down 9.3% on a year-over-year basis. Equities research analysts expect that Las Vegas Sands Corp. will post $2.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Tuesday, September 20th. Las Vegas Sands Corp.’s payout ratio is 140.49%.
Several hedge funds have recently modified their holdings of the stock. Pinkerton Retirement Specialists LLC acquired a new stake in shares of Las Vegas Sands Corp. during the second quarter valued at approximately $119,000. Seven Bridges Advisors LLC boosted its stake 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 worth $119,000 after buying an additional 857 shares in the last quarter. Assetmark Inc. boosted its stake 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 worth $133,000 after buying an additional 293 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in Las Vegas Sands Corp. during the second quarter worth approximately $181,000. Finally, Bellwether Investment Group LLC purchased a new stake in Las Vegas Sands Corp. during the second quarter worth approximately $186,000. Institutional investors 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.
To view Vetr’s full report, visit Vetr’s official website.
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