Several other brokerages have also recently weighed in on LVS. UBS AG reaffirmed a neutral rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, April 11th. Wells Fargo & Company reaffirmed a neutral rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, July 4th. Morgan Stanley reissued an equal weight rating and issued a $62.00 target price (up from $58.00) on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Stifel Nicolaus boosted their target price on Las Vegas Sands Corp. from $63.00 to $66.00 and gave the stock a buy rating in a report on Thursday, April 27th. Finally, Deutsche Bank AG boosted their target price on Las Vegas Sands Corp. from $50.00 to $52.00 and gave the stock a hold rating in a report on Friday, April 28th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $63.10.
Las Vegas Sands Corp. (NYSE:LVS) opened at 59.66 on Monday. The firm has a market cap of $47.25 billion, a PE ratio of 23.21 and a beta of 1.81. Las Vegas Sands Corp. has a 52 week low of $49.89 and a 52 week high of $66.22. The stock has a 50 day moving average of $62.08 and a 200-day moving average of $58.29.
Las Vegas Sands Corp. (NYSE:LVS) last posted its earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the firm earned $0.52 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. Analysts expect that Las Vegas Sands Corp. will post $2.74 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Wednesday, September 20th. Las Vegas Sands Corp.’s payout ratio is 113.18%.
Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Las Vegas Sands Corp. by 2,504.7% in the first quarter. BlackRock Inc. now owns 15,764,400 shares of the casino operator’s stock worth $899,674,000 after buying an additional 15,159,167 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Las Vegas Sands Corp. by 40.8% in the second quarter. Bank of New York Mellon Corp now owns 6,506,795 shares of the casino operator’s stock worth $415,720,000 after buying an additional 1,886,376 shares in the last quarter. Nicholas Investment Partners LP raised its stake in shares of Las Vegas Sands Corp. by 2,418.0% in the first quarter. Nicholas Investment Partners LP now owns 1,500,000 shares of the casino operator’s stock worth $85,605,000 after buying an additional 1,440,429 shares in the last quarter. Investec Asset Management LTD acquired a new stake in shares of Las Vegas Sands Corp. during the first quarter worth about $74,167,000. Finally, Vontobel Asset Management Inc. raised its stake in shares of Las Vegas Sands Corp. by 29.8% in the first quarter. Vontobel Asset Management Inc. now owns 5,646,362 shares of the casino operator’s stock worth $327,900,000 after buying an additional 1,297,306 shares in the last quarter. 38.27% of the stock is owned by hedge funds and other institutional investors.
About Las Vegas Sands Corp.
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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