Las Vegas Sands Corp. (NYSE:LVS) had its target price upped by Deutsche Bank AG from $54.00 to $57.00 in a research note published on Thursday, October 26th. The brokerage currently has a hold rating on the casino operator’s stock.
A number of other equities analysts have also recently issued reports on the stock. Bank of America Corporation reissued a buy rating and issued a $67.00 target price (up previously from $65.00) on shares of Las Vegas Sands Corp. in a report on Friday, July 21st. Morgan Stanley reaffirmed an equal weight rating and set a $62.00 price target (up previously from $58.00) on shares of Las Vegas Sands Corp. in a report on Monday, July 10th. Zacks Investment Research raised Las Vegas Sands Corp. from a hold rating to a buy rating and set a $71.00 target price on the stock in a report on Friday, October 13th. Stifel Nicolaus restated a buy rating on shares of Las Vegas Sands Corp. in a research report on Sunday, September 3rd. Finally, UBS AG restated a neutral rating on shares of Las Vegas Sands Corp. in a research report on Monday, July 10th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $65.31.
Las Vegas Sands Corp. (NYSE LVS) traded down $0.02 on Thursday, hitting $67.40. The company had a trading volume of 1,877,700 shares, compared to its average volume of 3,317,099. Las Vegas Sands Corp. has a 1-year low of $51.35 and a 1-year high of $68.41. The firm has a market cap of $53,280.00, a PE ratio of 24.25 and a beta of 1.78. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38.
Las Vegas Sands Corp. (NYSE:LVS) last issued its earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.10. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. Las Vegas Sands Corp. had a return on equity of 31.11% and a net margin of 16.80%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. equities analysts expect that Las Vegas Sands Corp. will post 2.87 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.73 per share. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.33%. Las Vegas Sands Corp.’s payout ratio is 110.19%.
Hedge funds have recently made changes to their positions in the company. Global X Management Co. LLC lifted its position in shares of Las Vegas Sands Corp. by 8.3% during the second quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after purchasing an additional 126 shares in the last quarter. Ffcm LLC lifted its position in shares of Las Vegas Sands Corp. by 90.9% during the second quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock worth $153,000 after purchasing an additional 1,160 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Las Vegas Sands Corp. by 24.4% in the second quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock valued at $166,000 after buying an additional 510 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in Las Vegas Sands Corp. by 143.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock valued at $174,000 after buying an additional 1,610 shares during the period. Finally, Lee Financial Co lifted its holdings in Las Vegas Sands Corp. by 1.4% in the second quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock valued at $197,000 after buying an additional 43 shares during the period. Institutional investors own 38.24% of the company’s stock.
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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