Vetr downgraded shares of Las Vegas Sands Corp. (NYSE:LVS) from a strong-buy rating to a buy rating in a research note released on Monday morning. The brokerage currently has $65.98 target price on the casino operator’s stock.

A number of other equities research analysts also recently weighed in on the company. Buckingham Research initiated coverage on Las Vegas Sands Corp. in a report on Thursday, August 11th. They issued a neutral rating and a $55.00 target price for the company. Stifel Nicolaus lifted their target price on Las Vegas Sands Corp. from $56.00 to $61.00 and gave the stock a buy rating in a report on Thursday, September 8th. Citigroup Inc. reiterated a buy rating and issued a $62.00 target price on shares of Las Vegas Sands Corp. in a report on Wednesday, September 14th. Bank of America Corp. upgraded Las Vegas Sands Corp. from a neutral rating to a buy rating and lifted their target price for the stock from $58.87 to $63.00 in a report on Tuesday, October 4th. Finally, Argus upgraded Las Vegas Sands Corp. from a hold rating to a buy rating and lifted their target price for the stock from $56.54 to $67.00 in a report on Wednesday, September 14th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $55.59.

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

Las Vegas Sands Corp. (NYSE:LVS) traded up 0.88% during trading on Monday, reaching $59.59. The company’s stock had a trading volume of 1,438,542 shares. Las Vegas Sands Corp. has a 12 month low of $34.88 and a 12 month high of $60.00. The company’s 50-day moving average is $55.68 and its 200-day moving average is $49.64. The stock has a market cap of $47.35 billion, a PE ratio of 29.01 and a beta of 2.03.

Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings data on Monday, July 25th. The casino operator reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.04. Las Vegas Sands Corp. had a return on equity of 22.12% and a net margin of 14.69%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the business earned $0.60 earnings per share. Las Vegas Sands Corp.’s revenue was down 9.3% compared to the same quarter last year. Equities analysts expect that Las Vegas Sands Corp. will post $2.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd were paid a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, September 20th. This represents a $2.88 annualized dividend and a dividend yield of 4.88%. Las Vegas Sands Corp.’s payout ratio is presently 140.49%.

Several hedge funds have recently modified their holdings of the stock. Nicholas Investment Partners LP raised its stake in shares of Las Vegas Sands Corp. by 86.6% in the first quarter. Nicholas Investment Partners LP now owns 1,000,000 shares of the casino operator’s stock valued at $51,680,000 after buying an additional 464,134 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Las Vegas Sands Corp. by 80.8% in the first quarter. Pictet Asset Management Ltd. now owns 252,065 shares of the casino operator’s stock valued at $12,169,000 after buying an additional 112,665 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Las Vegas Sands Corp. during the first quarter valued at about $1,419,000. UBS Asset Management Americas Inc. raised its stake in shares of Las Vegas Sands Corp. by 0.5% in the first quarter. UBS Asset Management Americas Inc. now owns 896,162 shares of the casino operator’s stock valued at $46,314,000 after buying an additional 4,632 shares during the last quarter. Finally, Primecap Management Co. CA raised its stake in shares of Las Vegas Sands Corp. by 15.0% in the first quarter. Primecap Management Co. CA now owns 2,502,481 shares of the casino operator’s stock valued at $129,328,000 after buying an additional 326,000 shares during the last quarter. Hedge funds and other institutional investors own 37.95% of the company’s stock.

Las Vegas Sands Corp. Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers 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.

5 Day Chart for NYSE:LVS

Receive News & Stock 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 stocks with our FREE daily email newsletter.