Las Vegas Sands Corp. (NYSE:LVS) had its price objective hoisted by research analysts at Deutsche Bank AG from $42.00 to $44.00 in a report issued on Wednesday. The firm presently has a “hold” rating on the casino operator’s stock. Deutsche Bank AG’s price target indicates a potential downside of 23.41% from the company’s current price.

A number of other analysts have also commented on the company. Gabelli reissued a “buy” rating and set a $65.00 price objective on shares of Las Vegas Sands Corp. in a report on Monday. Vetr raised Las Vegas Sands Corp. from a “buy” rating to a “strong-buy” rating and set a $68.87 price objective for the company in a report on Tuesday, October 11th. Wells Fargo & Co. reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, October 10th. Goldman Sachs Group Inc. reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Wednesday, October 5th. Finally, Bank of America Corp. raised Las Vegas Sands Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $58.87 to $63.00 in a report on Tuesday, October 4th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Las Vegas Sands Corp. currently has an average rating of “Buy” and a consensus price target of $56.17.

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

Las Vegas Sands Corp. (NYSE:LVS) traded up 1.34% during mid-day trading on Wednesday, hitting $58.22. The stock had a trading volume of 1,314,346 shares. The firm’s 50-day moving average price is $56.86 and its 200-day moving average price is $49.92. The stock has a market cap of $46.26 billion, a PE ratio of 28.34 and a beta of 2.04. Las Vegas Sands Corp. has a 1-year low of $34.88 and a 1-year high of $60.00.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd were issued a $0.72 dividend. The ex-dividend date was Tuesday, September 20th. This represents a $2.88 annualized dividend and a dividend yield of 5.01%. Las Vegas Sands Corp.’s payout ratio is currently 140.49%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LVS. Seven Bridges Advisors LLC boosted its position in Las Vegas Sands Corp. by 45.8% in the second quarter. Seven Bridges Advisors LLC now owns 2,728 shares of the casino operator’s stock valued at $119,000 after buying an additional 857 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new position in Las Vegas Sands Corp. during the second quarter worth approximately $119,000. Assetmark Inc. boosted its position in Las Vegas Sands Corp. by 10.6% in the second quarter. Assetmark Inc. now owns 3,069 shares of the casino operator’s stock worth $133,000 after buying an additional 293 shares in the last quarter. Advisory Services Network LLC boosted its position in Las Vegas Sands Corp. by 9.5% in the third quarter. Advisory Services Network LLC now owns 2,366 shares of the casino operator’s stock worth $136,000 after buying an additional 205 shares in the last quarter. Finally, First Mercantile Trust Co. boosted its position in Las Vegas Sands Corp. by 42.8% in the third quarter. First Mercantile Trust Co. now owns 2,886 shares of the casino operator’s stock worth $166,000 after buying an additional 865 shares in the last quarter. 38.12% of the stock is currently owned by hedge funds and other institutional investors.

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

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