Las Vegas Sands Corp. (LVS) Given Consensus Rating of “Hold” by Brokerages
Las Vegas Sands Corp. (NYSE:LVS) has received an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $76.73.
LVS has been the topic of several recent analyst reports. Credit Suisse Group initiated coverage on shares of Las Vegas Sands in a research note on Tuesday, August 14th. They set a “neutral” rating and a $72.00 price objective on the stock. Nomura reduced their price objective on shares of Las Vegas Sands from $76.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, July 9th. Bank of America downgraded shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $85.00 to $80.00 in a report on Monday, July 2nd. Morgan Stanley raised their target price on shares of Las Vegas Sands from $85.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, June 26th. Finally, Zacks Investment Research downgraded shares of Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a report on Monday, June 18th.
In other Las Vegas Sands news, COO Robert G. Goldstein acquired 10,000 shares of the stock in a transaction dated Tuesday, July 31st. The shares were bought at an average cost of $71.13 per share, for a total transaction of $711,300.00. Following the completion of the acquisition, the chief operating officer now directly owns 10,000 shares of the company’s stock, valued at $711,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Lawrence A. Jacobs sold 66,667 shares of Las Vegas Sands stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $60.95, for a total transaction of $4,063,353.65. Following the completion of the sale, the executive vice president now owns 66,667 shares in the company, valued at $4,063,353.65. The disclosure for this sale can be found here. Company insiders own 10.20% of the company’s stock.
Las Vegas Sands stock traded up $0.74 during midday trading on Wednesday, hitting $61.24. 6,287,300 shares of the stock were exchanged, compared to its average volume of 3,735,863. Las Vegas Sands has a 52 week low of $59.11 and a 52 week high of $81.45. The firm has a market capitalization of $47.77 billion, a price-to-earnings ratio of 20.14 and a beta of 1.62. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.70 and a quick ratio of 1.68.
Las Vegas Sands (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 25th. The casino operator reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.06). Las Vegas Sands had a return on equity of 35.22% and a net margin of 28.06%. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. analysts predict that Las Vegas Sands will post 3.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Wednesday, September 19th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, September 18th. This represents a $3.00 annualized dividend and a yield of 4.90%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 98.68%.
About Las Vegas Sands
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.
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