Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “equal weight” rating reiterated by stock analysts at Morgan Stanley in a research note issued to investors on Monday. They currently have a $62.00 target price on the casino operator’s stock, up from their previous target price of $58.00. Morgan Stanley’s target price would suggest a potential upside of 0.37% from the company’s previous close.
LVS has been the topic of several other research reports. Stifel Nicolaus cut their price target on Las Vegas Sands Corp. from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday, April 10th. Aegis reaffirmed a “buy” rating and set a $60.00 price target (up previously from $59.00) on shares of Las Vegas Sands Corp. in a research report on Sunday, April 23rd. Vetr lowered Las Vegas Sands Corp. from a “hold” rating to a “sell” rating and set a $55.63 price target on the stock. in a research report on Monday, March 20th. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Thursday, April 6th. Finally, Telsey Advisory Group lifted their price target on Las Vegas Sands Corp. from $58.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, April 27th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Las Vegas Sands Corp. presently has a consensus rating of “Buy” and an average target price of $61.92.
Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 61.841 on Monday. Las Vegas Sands Corp. has a 12 month low of $43.51 and a 12 month high of $66.22. The company has a 50-day moving average price of $61.66 and a 200-day moving average price of $56.95. The stock has a market cap of $49.10 billion, a price-to-earnings ratio of 26.887 and a beta of 1.81.
Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings results on Wednesday, April 26th. The casino operator reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.11 billion. Las Vegas Sands Corp. had a return on equity of 26.93% and a net margin of 15.51%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, analysts expect that Las Vegas Sands Corp. will post $2.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 22nd were given a dividend of $0.73 per share. The ex-dividend date was Tuesday, June 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.73%. Las Vegas Sands Corp.’s payout ratio is 126.96%.
A number of hedge funds have recently bought and sold shares of LVS. BlackRock Inc. increased its stake in 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 during the last quarter. Nicholas Investment Partners LP increased its stake in 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 during the last quarter. Investec Asset Management LTD purchased a new stake in Las Vegas Sands Corp. during the first quarter worth approximately $74,167,000. Vontobel Asset Management Inc. increased its stake in 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 during the last quarter. Finally, Thornburg Investment Management Inc. increased its stake in Las Vegas Sands Corp. by 39.0% in the first quarter. Thornburg Investment Management Inc. now owns 4,187,059 shares of the casino operator’s stock worth $238,955,000 after buying an additional 1,174,688 shares during the last quarter. Institutional investors own 38.28% 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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