Las Vegas Sands Corp. (NYSE:LVS) Upgraded to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of Las Vegas Sands Corp. (NYSE:LVS) from an equal weight rating to an overweight rating in a research note released on Monday, November 6th, Marketbeat reports. The brokerage currently has $65.00 price target on the casino operator’s stock.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Las Vegas Sands from a buy rating to a hold rating in a research note on Tuesday, October 31st. Nomura increased their target price on shares of Las Vegas Sands from $54.00 to $57.00 and gave the stock a neutral rating in a research note on Thursday, October 26th. Gabelli raised their price target on shares of Las Vegas Sands from $60.00 to $68.00 and gave the company a buy rating in a research note on Thursday, October 26th. Deutsche Bank AG raised their price target on shares of Las Vegas Sands from $54.00 to $57.00 and gave the company a hold rating in a research note on Thursday, October 26th. Finally, Roth Capital started coverage on shares of Las Vegas Sands in a research note on Wednesday, October 25th. They issued a buy rating and a $69.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $65.31.

Las Vegas Sands (NYSE:LVS) traded down $0.05 during trading hours on Monday, reaching $67.65. 749,161 shares of the company’s stock traded hands, compared to its average volume of 2,740,114. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. Las Vegas Sands has a one year low of $51.35 and a one year high of $68.41. The stock has a market capitalization of $53,515.49, a price-to-earnings ratio of 24.35 and a beta of 1.78.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, October 25th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.10. Las Vegas Sands had a net margin of 16.80% and a return on equity of 31.11%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the prior year, the company posted $0.72 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. research analysts predict that Las Vegas Sands will post 2.87 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be issued a $0.73 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.92 dividend on an annualized basis and a yield of 4.32%. Las Vegas Sands’s payout ratio is 110.19%.

In other news, Director George Jamieson purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average price of $66.96 per share, for a total transaction of $66,960.00. Following the acquisition, the director now directly owns 6,488 shares of the company’s stock, valued at $434,436.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in LVS. Stephens Inc. AR increased its holdings in Las Vegas Sands by 0.7% in the 2nd quarter. Stephens Inc. AR now owns 4,389 shares of the casino operator’s stock valued at $280,000 after purchasing an additional 31 shares during the last quarter. Baldwin Investment Management LLC increased its holdings in Las Vegas Sands by 0.6% in the 2nd quarter. Baldwin Investment Management LLC now owns 6,473 shares of the casino operator’s stock valued at $414,000 after purchasing an additional 40 shares during the last quarter. Lee Financial Co increased its holdings in Las Vegas Sands by 1.4% in the 2nd quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock valued at $197,000 after purchasing an additional 43 shares during the last quarter. Wagner Bowman Management Corp lifted its position in shares of Las Vegas Sands by 1.1% during the 2nd quarter. Wagner Bowman Management Corp now owns 5,666 shares of the casino operator’s stock worth $362,000 after purchasing an additional 61 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of Las Vegas Sands by 0.4% during the 2nd quarter. Toronto Dominion Bank now owns 24,878 shares of the casino operator’s stock worth $1,592,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

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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.

Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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