Las Vegas Sands Corp. (LVS) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Las Vegas Sands Corp. (NYSE:LVS) from a hold rating to a buy rating in a report issued on Friday. The brokerage currently has $71.00 price target on the casino operator’s stock.

According to Zacks, “Las Vegas Sands’ efforts to boost tourism and traffic in Macao are yielding results, and the company’s portfolio therein is experiencing strong visitation of late. Focus on diversification and growth in the mass and non-gaming market also bode well and should aid margins. Going forward, the company is positive on its Cotai Strip portfolio of properties, buoyed by the addition of The Parisian Macao. High occupancy rates in the Las Vegas properties are also likely to continue driving growth. However, its shares have underperformed the industry in the past six months. Even so, upward estimate revisions raise optimism. Also, the company has mostly positive record of earnings surprises in recent quarters. Going forward, the stock is likely to continue benefiting from improving gaming trends in Macao and solid Las Vegas business, Yet, another corruption crackdown might affect Macao’s recovery and, in turn, hamper performance.”

A number of other brokerages also recently issued reports on LVS. Wells Fargo & Company restated a neutral rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Morgan Stanley restated an equal weight rating and issued a $62.00 price target (up from $58.00) on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Stifel Nicolaus restated a buy rating and issued a $72.00 price target (up from $70.00) on shares of Las Vegas Sands Corp. in a research report on Thursday, July 27th. Bank of America Corporation restated a buy rating and issued a $67.00 price target (up from $65.00) on shares of Las Vegas Sands Corp. in a research report on Friday, July 21st. Finally, Deutsche Bank AG restated a hold rating and issued a $54.00 price target (up from $52.00) on shares of Las Vegas Sands Corp. in a research report on Thursday, July 27th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Las Vegas Sands Corp. has a consensus rating of Buy and a consensus price target of $64.66.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 1.68% during mid-day trading on Friday, hitting $63.05. 831,888 shares of the stock were exchanged. Las Vegas Sands Corp. has a 52 week low of $51.35 and a 52 week high of $66.22. The stock’s 50-day moving average is $63.36 and its 200-day moving average is $61.14. The stock has a market capitalization of $49.94 billion, a price-to-earnings ratio of 24.53 and a beta of 1.76.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.14. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. Las Vegas Sands Corp.’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. Analysts forecast that Las Vegas Sands Corp. will post $2.76 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Las Vegas Sands Corp. (LVS) Lifted to Buy at Zacks Investment Research” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://ledgergazette.com/2017/10/16/las-vegas-sands-corp-lvs-lifted-to-buy-at-zacks-investment-research.html.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were issued a $0.73 dividend. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.71%. Las Vegas Sands Corp.’s payout ratio is currently 113.18%.

Several hedge funds have recently added to or reduced their stakes in LVS. Janus Henderson Group PLC raised its holdings in shares of Las Vegas Sands Corp. by 183.0% in the second quarter. Janus Henderson Group PLC now owns 3,241,450 shares of the casino operator’s stock valued at $207,090,000 after acquiring an additional 2,095,879 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 valued at $415,720,000 after acquiring an additional 1,886,376 shares in the last quarter. Capital World Investors raised its holdings in shares of Las Vegas Sands Corp. by 14.5% in the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after acquiring an additional 1,263,000 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Las Vegas Sands Corp. by 41.3% in the second quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock valued at $224,246,000 after acquiring an additional 1,025,607 shares in the last quarter. Finally, Maverick Capital Ltd. raised its holdings in shares of Las Vegas Sands Corp. by 169.2% in the second quarter. Maverick Capital Ltd. now owns 1,369,589 shares of the casino operator’s stock valued at $87,503,000 after acquiring an additional 860,856 shares in the last quarter. Hedge funds and other institutional investors own 37.97% of the company’s stock.

Las Vegas Sands Corp. Company Profile

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 i

According to Zacks, “Las Vegas Sands’ efforts to boost tourism and traffic in Macao are yielding results, and the company’s portfolio therein is experiencing strong visitation of late. Focus on diversification and growth in the mass and non-gaming market also bode well and should aid margins. Going forward, the company is positive on its Cotai Strip portfolio of properties, buoyed by the addition of The Parisian Macao. High occupancy rates in the Las Vegas properties are also likely to continue driving growth. However, its shares have underperformed the industry in the past six months. Even so, upward estimate revisions raise optimism. Also, the company has mostly positive record of earnings surprises in recent quarters. Going forward, the stock is likely to continue benefiting from improving gaming trends in Macao and solid Las Vegas business, Yet, another corruption crackdown might affect Macao’s recovery and, in turn, hamper performance.”

A number of other brokerages also recently issued reports on LVS. Wells Fargo & Company restated a neutral rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Morgan Stanley restated an equal weight rating and issued a $62.00 price target (up from $58.00) on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Stifel Nicolaus restated a buy rating and issued a $72.00 price target (up from $70.00) on shares of Las Vegas Sands Corp. in a research report on Thursday, July 27th. Bank of America Corporation restated a buy rating and issued a $67.00 price target (up from $65.00) on shares of Las Vegas Sands Corp. in a research report on Friday, July 21st. Finally, Deutsche Bank AG restated a hold rating and issued a $54.00 price target (up from $52.00) on shares of Las Vegas Sands Corp. in a research report on Thursday, July 27th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Las Vegas Sands Corp. has a consensus rating of Buy and a consensus price target of $64.66.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 1.68% during mid-day trading on Friday, hitting $63.05. 831,888 shares of the stock were exchanged. Las Vegas Sands Corp. has a 52 week low of $51.35 and a 52 week high of $66.22. The stock’s 50-day moving average is $63.36 and its 200-day moving average is $61.14. The stock has a market capitalization of $49.94 billion, a price-to-earnings ratio of 24.53 and a beta of 1.76.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.14. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. Las Vegas Sands Corp.’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. Analysts forecast that Las Vegas Sands Corp. will post $2.76 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Las Vegas Sands Corp. (LVS) Lifted to Buy at Zacks Investment Research” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://ledgergazette.com/2017/10/16/las-vegas-sands-corp-lvs-lifted-to-buy-at-zacks-investment-research.html.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 21st were issued a $0.73 dividend. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.71%. Las Vegas Sands Corp.’s payout ratio is currently 113.18%.

Several hedge funds have recently added to or reduced their stakes in LVS. Janus Henderson Group PLC raised its holdings in shares of Las Vegas Sands Corp. by 183.0% in the second quarter. Janus Henderson Group PLC now owns 3,241,450 shares of the casino operator’s stock valued at $207,090,000 after acquiring an additional 2,095,879 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 valued at $415,720,000 after acquiring an additional 1,886,376 shares in the last quarter. Capital World Investors raised its holdings in shares of Las Vegas Sands Corp. by 14.5% in the second quarter. Capital World Investors now owns 9,998,000 shares of the casino operator’s stock valued at $638,772,000 after acquiring an additional 1,263,000 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Las Vegas Sands Corp. by 41.3% in the second quarter. American Century Companies Inc. now owns 3,509,869 shares of the casino operator’s stock valued at $224,246,000 after acquiring an additional 1,025,607 shares in the last quarter. Finally, Maverick Capital Ltd. raised its holdings in shares of Las Vegas Sands Corp. by 169.2% in the second quarter. Maverick Capital Ltd. now owns 1,369,589 shares of the casino operator’s stock valued at $87,503,000 after acquiring an additional 860,856 shares in the last quarter. Hedge funds and other institutional investors own 37.97% of the company’s stock.

Las Vegas Sands Corp. Company Profile

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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Analyst Recommendations for Las Vegas Sands Corp. (NYSE:LVS)

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