Vetr lowered shares of Las Vegas Sands Corp. (NYSE:LVS) from a strong-buy rating to a buy rating in a research report released on Monday. They currently have $68.03 price target on the casino operator’s stock.

Several other analysts have also issued reports on the company. Zacks Investment Research raised Las Vegas Sands Corp. from a hold rating to a strong-buy rating and set a $68.00 target price for the company in a research note on Tuesday, November 8th. Morgan Stanley reaffirmed an equal weight rating and issued a $58.00 target price (up previously from $54.00) on shares of Las Vegas Sands Corp. in a research note on Sunday, November 6th. Stifel Nicolaus upped their target price on Las Vegas Sands Corp. from $61.00 to $65.00 and gave the stock a buy rating in a research note on Friday, November 4th. Telsey Advisory Group upped their target price on Las Vegas Sands Corp. from $50.00 to $60.00 and gave the stock a market perform rating in a research note on Friday, November 4th. Finally, Deutsche Bank AG upped their target price on Las Vegas Sands Corp. from $42.00 to $44.00 and gave the stock a hold rating in a research note on Wednesday, October 19th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $57.50.

Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 61.71 on Monday. Las Vegas Sands Corp. has a 1-year low of $34.88 and a 1-year high of $62.40. The stock has a 50 day moving average of $58.45 and a 200 day moving average of $51.65. The company has a market cap of $49.04 billion, a price-to-earnings ratio of 30.13 and a beta of 1.98.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings data on Thursday, November 3rd. The casino operator reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.12. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Las Vegas Sands Corp. had a net margin of 14.53% and a return on equity of 23.24%. Las Vegas Sands Corp.’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. Analysts predict that Las Vegas Sands Corp. will post $2.35 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 21st will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Monday, December 19th. This represents a $2.88 annualized dividend and a dividend yield of 4.67%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is presently 140.49%.

Several large investors have recently added to or reduced their stakes in LVS. Assetmark Inc. boosted its stake in Las Vegas Sands Corp. by 1.3% in the third quarter. Assetmark Inc. now owns 3,110 shares of the casino operator’s stock valued at $179,000 after buying an additional 41 shares during the period. CWM LLC boosted its position in shares of Las Vegas Sands Corp. by 0.4% in the second quarter. CWM LLC now owns 12,799 shares of the casino operator’s stock valued at $557,000 after buying an additional 48 shares during the last quarter. Chesley Taft & Associates LLC boosted its position in shares of Las Vegas Sands Corp. by 0.9% in the second quarter. Chesley Taft & Associates LLC now owns 16,200 shares of the casino operator’s stock valued at $705,000 after buying an additional 150 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Las Vegas Sands Corp. by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 11,204 shares of the casino operator’s stock valued at $645,000 after buying an additional 162 shares during the last quarter. Finally, Narwhal Capital Management boosted its position in shares of Las Vegas Sands Corp. by 1.9% in the second quarter. Narwhal Capital Management now owns 11,000 shares of the casino operator’s stock valued at $478,000 after buying an additional 200 shares during the last quarter. 38.96% of the stock is currently owned by 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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