Las Vegas Sands Corp. (LVS) Given Consensus Recommendation of “Buy” by Brokerages

Las Vegas Sands Corp. (NYSE:LVS) has received a consensus rating of “Buy” from the twenty-three brokerages that are currently covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $61.54.

A number of equities analysts have weighed in on LVS shares. Vetr lowered shares of Las Vegas Sands Corp. from a “strong-buy” rating to a “buy” rating and set a $58.42 target price for the company. in a research report on Wednesday, March 1st. CLSA reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Thursday, April 27th. Aegis reiterated a “buy” rating and set a $60.00 target price (up previously from $59.00) on shares of Las Vegas Sands Corp. in a research report on Sunday, April 23rd. Stifel Nicolaus cut their target price on shares of Las Vegas Sands Corp. from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Monday, April 10th. Finally, Barclays PLC upgraded shares of Las Vegas Sands Corp. from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $55.00 to $68.00 in a research report on Friday, May 12th.

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A number of large investors have recently made changes to their positions in the stock. Private Advisor Group LLC increased its stake in shares of Las Vegas Sands Corp. by 42.7% in the fourth quarter. Private Advisor Group LLC now owns 6,593 shares of the casino operator’s stock worth $367,000 after buying an additional 1,974 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Las Vegas Sands Corp. by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 732,159 shares of the casino operator’s stock worth $39,109,000 after buying an additional 8,827 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Las Vegas Sands Corp. by 227.0% in the fourth quarter. Baird Financial Group Inc. now owns 23,601 shares of the casino operator’s stock worth $1,261,000 after buying an additional 16,384 shares in the last quarter. TCW Group Inc. increased its stake in shares of Las Vegas Sands Corp. by 14.0% in the fourth quarter. TCW Group Inc. now owns 19,815 shares of the casino operator’s stock worth $1,059,000 after buying an additional 2,433 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Las Vegas Sands Corp. by 353.0% in the fourth quarter. Brown Advisory Inc. now owns 17,628 shares of the casino operator’s stock worth $942,000 after buying an additional 13,737 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands Corp. (NYSE LVS) traded up 1.74% on Monday, reaching $66.12. 4,092,411 shares of the company were exchanged. Las Vegas Sands Corp. has a 12-month low of $41.45 and a 12-month high of $66.22. The company’s 50-day moving average price is $60.11 and its 200-day moving average price is $56.67. The stock has a market capitalization of $52.50 billion, a P/E ratio of 28.75 and a beta of 1.75.

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. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.11 billion. Las Vegas Sands Corp. had a net margin of 15.51% and a return on equity of 26.93%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. Equities research analysts anticipate that Las Vegas Sands Corp. will post $2.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 22nd will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Tuesday, June 20th. Las Vegas Sands Corp.’s dividend payout ratio is currently 126.96%.

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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