Las Vegas Sands Corp. (LVS) Given Consensus Rating of “Hold” by Brokerages
Las Vegas Sands Corp. (NYSE:LVS) has been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $76.73.
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Las Vegas Sands from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 18th. ValuEngine lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Stifel Nicolaus dropped their price target on shares of Las Vegas Sands from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Credit Suisse Group assumed coverage on shares of Las Vegas Sands in a research note on Tuesday. They issued a “neutral” rating and a $72.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Las Vegas Sands from $74.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, April 26th.
Shares of NYSE:LVS traded up $0.75 during trading hours on Friday, hitting $65.86. The stock had a trading volume of 2,662,635 shares, compared to its average volume of 3,635,531. Las Vegas Sands has a 1-year low of $59.16 and a 1-year high of $81.45. The firm has a market capitalization of $53.47 billion, a P/E ratio of 21.66 and a beta of 1.61. The company has a current ratio of 1.70, a quick ratio of 1.68 and a debt-to-equity ratio of 1.40.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Wednesday, September 19th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, September 18th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.56%. Las Vegas Sands’s dividend payout ratio is presently 98.68%.
In related news, COO Robert G. Goldstein acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, July 31st. The shares were acquired at an average price of $71.13 per share, for a total transaction of $711,300.00. Following the completion of the purchase, the chief operating officer now directly owns 10,000 shares of the company’s stock, valued at $711,300. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.20% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of LVS. Centaurus Financial Inc. acquired a new position in shares of Las Vegas Sands during the first quarter valued at approximately $117,000. Point72 Asia Hong Kong Ltd bought a new stake in Las Vegas Sands during the first quarter worth approximately $118,000. Flagship Harbor Advisors LLC bought a new stake in Las Vegas Sands during the second quarter worth approximately $135,000. Synovus Financial Corp bought a new stake in Las Vegas Sands during the first quarter worth approximately $152,000. Finally, Parallel Advisors LLC boosted its holdings in Las Vegas Sands by 297.0% during the first quarter. Parallel Advisors LLC now owns 2,354 shares of the casino operator’s stock worth $169,000 after buying an additional 1,761 shares in the last quarter. Institutional investors and hedge funds own 37.93% of the company’s stock.
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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