Analysts Set Las Vegas Sands Corp. (LVS) Price Target at $61.54

Las Vegas Sands Corp. (NYSE:LVS) has been assigned an average recommendation of “Buy” from the twenty-three analysts that are currently covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $62.24.

A number of brokerages have recently weighed in on LVS. Instinet reaffirmed a “neutral” rating and set a $54.00 target price (up from $50.00) on shares of Las Vegas Sands Corp. in a research report on Monday, June 19th. Zacks Investment Research raised Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Tuesday, June 27th. Wells Fargo & Company reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price target on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Finally, Vetr lowered Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $64.62 price target for the company. in a research report on Monday, June 5th.

Several hedge funds and other institutional investors have recently bought and sold shares of LVS. TrimTabs Asset Management LLC boosted its position in Las Vegas Sands Corp. by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the casino operator’s stock valued at $105,000 after buying an additional 864 shares in the last quarter. Financial Architects Inc boosted its stake in Las Vegas Sands Corp. by 226.1% in the first quarter. Financial Architects Inc now owns 1,875 shares of the casino operator’s stock worth $107,000 after buying an additional 1,300 shares during the period. State of Alaska Department of Revenue purchased a new stake in Las Vegas Sands Corp. during the first quarter worth approximately $119,000. Advantage Investment Management LLC purchased a new stake in Las Vegas Sands Corp. during the fourth quarter worth approximately $141,000. Finally, Nikko Asset Management Americas Inc. purchased a new stake in Las Vegas Sands Corp. during the first quarter worth approximately $154,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

WARNING: “Analysts Set Las Vegas Sands Corp. (LVS) Price Target at $61.54” was published by BBNS and is owned by of BBNS. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The original version of this news story can be accessed at https://baseballnewssource.com/markets/las-vegas-sands-corp-lvs-given-consensus-recommendation-of-buy-by-brokerages-updated-updated/1043973.html.

Las Vegas Sands Corp. (NYSE:LVS) traded up 0.36% on Monday, reaching $61.77. 5,525,924 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $61.65 and a 200-day moving average of $56.95. The firm has a market capitalization of $49.05 billion, a price-to-earnings ratio of 26.86 and a beta of 1.81. Las Vegas Sands Corp. has a 12 month low of $42.29 and a 12 month high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last issued its earnings results on Wednesday, April 26th. The casino operator reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Las Vegas Sands Corp. had a return on equity of 26.93% and a net margin of 15.51%. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. Las Vegas Sands Corp.’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities analysts expect that Las Vegas Sands Corp. will post $2.61 earnings per share for the current year.

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

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)

Receive News & Ratings for Las Vegas Sands Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. and related companies with our FREE daily email newsletter.

 


Latest News

Todd Frazier Traded to Yankees for Blake Rutherford and Others
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana
Mike Trout Returns from Injury With Single and Stole Base
Mike Trout Returns from Injury With Single and Stole Base
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana


Leave a Reply

 
© 2006-2017 BBNS.