Las Vegas Sands Corp. (NYSE:LVS) Receives “Neutral” Rating from UBS AG

Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “neutral” rating reaffirmed by stock analysts at UBS AG in a research note issued on Monday, www.flashratings.com reports.

LVS has been the topic of several other reports. CLSA reissued a “buy” rating on shares of Las Vegas Sands Corp. in a report on Thursday, April 27th. Aegis reissued a “buy” rating and set a $60.00 price target (up from $59.00) on shares of Las Vegas Sands Corp. in a report on Sunday, April 23rd. Vetr cut Las Vegas Sands Corp. from a “hold” rating to a “sell” rating and set a $55.63 price target on the stock. in a report on Monday, March 20th. Stifel Nicolaus lowered their price target on Las Vegas Sands Corp. from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Monday, April 10th. Finally, Barclays PLC raised Las Vegas Sands Corp. from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $55.00 to $68.00 in a report on Friday, May 12th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $61.92.

Las Vegas Sands Corp. (LVS) traded up 0.76% on Monday, hitting $62.24. The stock had a trading volume of 1,107,651 shares. The company has a market cap of $49.42 billion, a P/E ratio of 27.06 and a beta of 1.81. The stock has a 50 day moving average price of $61.65 and a 200 day moving average price of $56.95. Las Vegas Sands Corp. has a 1-year low of $43.51 and a 1-year high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Wednesday, April 26th. The casino operator reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. On average, equities research analysts expect that Las Vegas Sands Corp. will post $2.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 22nd were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Tuesday, June 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.73%. Las Vegas Sands Corp.’s payout ratio is 126.96%.

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Several hedge funds and other institutional investors have recently modified their holdings of LVS. Fox Run Management L.L.C. purchased a new position in shares of Las Vegas Sands Corp. during the second quarter worth $856,000. Handelsbanken Fonder AB raised its position in shares of Las Vegas Sands Corp. by 210.2% in the second quarter. Handelsbanken Fonder AB now owns 152,000 shares of the casino operator’s stock worth $9,711,000 after buying an additional 103,000 shares during the last quarter. Piedmont Investment Advisors LLC raised its position in shares of Las Vegas Sands Corp. by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 76,019 shares of the casino operator’s stock worth $4,338,000 after buying an additional 661 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of Las Vegas Sands Corp. by 33.4% in the first quarter. Proficio Capital Partners LLC now owns 16,255 shares of the casino operator’s stock worth $935,000 after buying an additional 4,072 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC raised its position in shares of Las Vegas Sands Corp. by 8.7% in the first quarter. Stonebridge Capital Advisors LLC now owns 12,423 shares of the casino operator’s stock worth $709,000 after buying an additional 995 shares during the last quarter. Hedge funds and other institutional investors own 38.28% 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.

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

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