Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “buy” rating reissued by stock analysts at Gabelli in a report issued on Monday. They presently have a $65.00 price target on the casino operator’s stock. Gabelli’s target price would suggest a potential upside of 12.59% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus lifted their target price on shares of Las Vegas Sands Corp. from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. TheStreet upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st. Argus upgraded shares of Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and lifted their target price for the company from $56.54 to $67.00 in a research report on Wednesday, September 14th. Citigroup Inc. reiterated a “buy” rating and set a $62.00 target price on shares of Las Vegas Sands Corp. in a research report on Wednesday, September 14th. Finally, Bank of America Corp. upgraded shares of 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. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Las Vegas Sands Corp. has a consensus rating of “Buy” and an average target price of $56.05.

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

Las Vegas Sands Corp. (NYSE:LVS) traded down 0.182% during midday trading on Monday, hitting $57.625. The company had a trading volume of 2,274,816 shares. Las Vegas Sands Corp. has a 12 month low of $34.88 and a 12 month high of $60.00. The company has a market cap of $45.79 billion, a price-to-earnings ratio of 28.055 and a beta of 2.03. The firm has a 50-day moving average price of $56.47 and a 200-day moving average price of $49.87.

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 consensus estimate of $0.56 by $0.04. Las Vegas Sands Corp. had a net margin of 14.69% and a return on equity of 22.12%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. Equities analysts anticipate that Las Vegas Sands Corp. will post $2.19 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 22nd were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 4.99%. 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 made changes to their positions in the company. Northern Cross LLC boosted its position in shares of 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 worth $1,698,457,000 after buying an additional 2,131,779 shares during the last quarter. Vontobel Asset Management Inc. boosted its position in shares of Las Vegas Sands Corp. by 29.9% in the third quarter. Vontobel Asset Management Inc. now owns 6,233,310 shares of the casino operator’s stock worth $363,695,000 after buying an additional 1,434,774 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new position in shares of Las Vegas Sands Corp. during the first quarter worth about $72,868,000. Newport Asia LLC purchased a new position in shares of Las Vegas Sands Corp. during the second quarter worth about $58,394,000. Finally, AQR Capital Management LLC boosted its position in shares of Las Vegas Sands Corp. by 422.2% in the second quarter. AQR Capital Management LLC now owns 1,653,159 shares of the casino operator’s stock worth $71,896,000 after buying an additional 1,336,611 shares during the last quarter. Institutional investors own 38.12% 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.

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