Stifel Nicolaus reiterated their buy rating on shares of Las Vegas Sands (NYSE:LVS) in a report released on Tuesday, January 9th. They currently have a $76.00 target price on the casino operator’s stock.
Several other research firms also recently issued reports on LVS. Deutsche Bank upped their price objective on shares of Las Vegas Sands from $54.00 to $57.00 and gave the stock a hold rating in a report on Thursday, October 26th. Zacks Investment Research raised shares of Las Vegas Sands from a hold rating to a buy rating and set a $71.00 price objective for the company in a report on Thursday, October 26th. Roth Capital assumed coverage on shares of Las Vegas Sands in a report on Wednesday, October 25th. They set a buy rating and a $69.00 price objective for the company. Nomura upped their price objective on shares of Las Vegas Sands from $54.00 to $57.00 and gave the stock a neutral rating in a report on Thursday, October 26th. Finally, Gabelli upped their price objective on shares of Las Vegas Sands from $60.00 to $68.00 and gave the stock a buy rating in a report on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $66.19.
Las Vegas Sands (LVS) opened at $71.02 on Tuesday. Las Vegas Sands has a 1 year low of $51.35 and a 1 year high of $72.20. The company has a market cap of $56,139.89, a P/E ratio of 26.80 and a beta of 1.80. 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 (NYSE:LVS) last announced its quarterly earnings data on Wednesday, October 25th. The casino operator reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.14 billion. Las Vegas Sands had a net margin of 16.80% and a return on equity of 31.11%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. equities analysts anticipate that Las Vegas Sands will post 2.9 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 21st were paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Wednesday, December 20th. Las Vegas Sands’s dividend payout ratio is 110.19%.
In other Las Vegas Sands news, Director George Jamieson acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $66.96 per share, for a total transaction of $66,960.00. Following the purchase, the director now owns 6,488 shares in the company, valued at approximately $434,436.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 10.10% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. San Francisco Sentry Investment Group CA bought a new stake in Las Vegas Sands during the 3rd quarter worth about $181,000. Steward Partners Investment Advisory LLC bought a new stake in Las Vegas Sands during the 3rd quarter worth about $198,000. Chase Investment Counsel Corp bought a new stake in Las Vegas Sands during the 3rd quarter worth about $200,000. Cipher Capital LP bought a new stake in Las Vegas Sands during the 2nd quarter worth about $205,000. Finally, SevenBridge Financial Group LLC grew its holdings in Las Vegas Sands by 199.5% during the 3rd quarter. SevenBridge Financial Group LLC now owns 3,250 shares of the casino operator’s stock worth $209,000 after acquiring an additional 2,165 shares during the last quarter. 37.45% of the stock is currently owned by institutional investors and hedge funds.
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Las Vegas Sands 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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