Wells Fargo & Co. reaffirmed their neutral rating on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research note issued to investors on Monday.

Several other research analysts have also recently issued reports on the company. Goldman Sachs Group Inc. reaffirmed a neutral rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, October 5th. Bank of America Corp. raised Las Vegas Sands Corp. from a neutral rating to a buy rating and lifted their target price for the company from $58.87 to $63.00 in a research report on Tuesday, October 4th. Vetr upgraded Las Vegas Sands Corp. from a buy rating to a strong-buy rating and set a $66.73 price target on the stock in a report on Monday, October 3rd. Credit Agricole SA lifted their price target on Las Vegas Sands Corp. from $50.00 to $58.00 and gave the stock an outperform rating in a report on Monday, September 19th. Finally, Deutsche Bank AG reiterated a hold rating on shares of Las Vegas Sands Corp. in a report on Friday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $55.59.

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

Las Vegas Sands Corp. (NYSE:LVS) traded up 0.88% during mid-day trading on Monday, hitting $59.59. The stock had a trading volume of 1,438,442 shares. Las Vegas Sands Corp. has a 52 week low of $34.88 and a 52 week high of $60.00. The stock has a market capitalization of $47.35 billion, a P/E ratio of 29.01 and a beta of 2.03. The company’s 50 day moving average is $55.68 and its 200-day moving average is $49.64.

Las Vegas Sands Corp. (NYSE:LVS) last announced its earnings results on Monday, July 25th. The casino operator reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Las Vegas Sands Corp. had a net margin of 14.69% and a return on equity of 22.12%. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. On average, analysts expect that Las Vegas Sands Corp. will post $2.19 EPS for the current fiscal year.

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

A number of institutional investors have recently bought and sold shares of the company. Northern Cross LLC boosted its position in Las Vegas Sands Corp. by 5.8% in the second quarter. Northern Cross LLC now owns 39,053,967 shares of the casino operator’s stock valued at $1,698,457,000 after buying an additional 2,131,779 shares during the last quarter. Vanguard Group Inc. boosted its position in Las Vegas Sands Corp. by 2.0% in the second quarter. Vanguard Group Inc. now owns 18,025,317 shares of the casino operator’s stock valued at $783,922,000 after buying an additional 350,052 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Las Vegas Sands Corp. by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,857,503 shares of the casino operator’s stock valued at $385,213,000 after buying an additional 211,597 shares during the last quarter. State Street Corp boosted its position in Las Vegas Sands Corp. by 5.1% in the second quarter. State Street Corp now owns 7,350,621 shares of the casino operator’s stock valued at $319,678,000 after buying an additional 356,664 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Las Vegas Sands Corp. by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 5,094,279 shares of the casino operator’s stock valued at $221,551,000 after buying an additional 106,607 shares during the last quarter. Institutional investors and hedge funds own 37.95% of the company’s stock.

About Las Vegas Sands Corp.

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

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