Vetr lowered shares of Las Vegas Sands Corp. (NYSE:LVS) from a buy rating to a hold rating in a report issued on Monday. They currently have $64.98 price objective on the casino operator’s stock.

A number of other brokerages have also recently issued reports on LVS. Telsey Advisory Group increased their price objective on shares of 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. Goldman Sachs Group Inc. reissued a neutral rating on shares of Las Vegas Sands Corp. in a research note on Wednesday, October 5th. Susquehanna reissued a positive rating and issued a $63.00 price objective on shares of Las Vegas Sands Corp. in a research note on Thursday, September 8th. Deutsche Bank AG raised their target price on shares of Las Vegas Sands Corp. from $42.00 to $44.00 and gave the company a hold rating in a research note on Wednesday, October 19th. Finally, Stifel Nicolaus raised 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 note on Thursday, September 8th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Las Vegas Sands Corp. currently has a consensus rating of Buy and a consensus target price of $57.33.

Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 62.55 on Monday. Las Vegas Sands Corp. has a 1-year low of $34.88 and a 1-year high of $63.38. The firm has a 50-day moving average of $58.88 and a 200 day moving average of $52.19. The company has a market capitalization of $49.71 billion, a P/E ratio of 30.54 and a beta of 1.98.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings data on Thursday, November 3rd. The casino operator reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.12. The firm earned $2.97 billion during 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%. The company’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 company posted $0.66 earnings per share. On average, analysts anticipate that Las Vegas Sands Corp. will post $2.35 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 21st will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Monday, December 19th. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 140.49%.

A number of hedge funds and other institutional investors have recently bought and sold shares of LVS. Assetmark Inc. increased its position 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 worth $179,000 after buying an additional 41 shares during the period. CWM LLC increased its position in Las Vegas Sands Corp. by 0.4% in the second quarter. CWM LLC now owns 12,799 shares of the casino operator’s stock worth $557,000 after buying an additional 48 shares during the period. Chesley Taft & Associates LLC increased its position in 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 worth $705,000 after buying an additional 150 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in 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 worth $645,000 after buying an additional 162 shares during the period. Finally, Narwhal Capital Management increased its position in 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 worth $478,000 after buying an additional 200 shares during the period. 39.82% of the stock is currently owned by institutional investors and hedge funds.

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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