Morgan Stanley reaffirmed their buy rating on shares of Las Vegas Sands (NYSE:LVS) in a report published on Monday morning.

A number of other brokerages have also issued reports on LVS. Credit Suisse Group assumed coverage on Las Vegas Sands in a research note on Tuesday, August 14th. They issued a neutral rating and a $72.00 price target on the stock. ValuEngine lowered Las Vegas Sands from a hold rating to a sell rating in a research note on Wednesday, September 12th. Zacks Investment Research lowered Las Vegas Sands from a hold rating to a sell rating in a research note on Friday, September 28th. Goldman Sachs Group downgraded Las Vegas Sands from a conviction-buy rating to a buy rating in a research report on Friday, October 19th. Finally, Bank of America reiterated a hold rating and set a $60.00 price objective on shares of Las Vegas Sands in a research report on Tuesday, October 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Las Vegas Sands has an average rating of Hold and an average price target of $74.03.

Shares of NYSE:LVS opened at $55.57 on Monday. The company has a current ratio of 1.93, a quick ratio of 1.92 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $43.05 billion, a PE ratio of 18.28 and a beta of 1.61. Las Vegas Sands has a 1 year low of $48.64 and a 1 year high of $81.45.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings results on Wednesday, October 24th. The casino operator reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.04). The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.41 billion. Las Vegas Sands had a return on equity of 34.18% and a net margin of 27.71%. Research analysts anticipate that Las Vegas Sands will post 3.4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Tuesday, December 18th will be given a dividend of $0.75 per share. The ex-dividend date is Monday, December 17th. This represents a $3.00 dividend on an annualized basis and a yield of 5.40%. Las Vegas Sands’s payout ratio is 98.68%.

A number of institutional investors have recently made changes to their positions in the stock. Carnegie Capital Asset Management LLC lifted its position in Las Vegas Sands by 38.0% during the third quarter. Carnegie Capital Asset Management LLC now owns 49,085 shares of the casino operator’s stock worth $2,642,000 after buying an additional 13,529 shares in the last quarter. Legal & General Group Plc raised its position in Las Vegas Sands by 3.1% in the third quarter. Legal & General Group Plc now owns 1,571,883 shares of the casino operator’s stock valued at $93,285,000 after purchasing an additional 46,575 shares during the period. Impala Asset Management LLC purchased a new stake in Las Vegas Sands in the third quarter valued at $5,790,000. Griffin Asset Management Inc. purchased a new stake in Las Vegas Sands in the third quarter valued at $337,000. Finally, NorthCoast Asset Management LLC purchased a new stake in Las Vegas Sands in the third quarter valued at $1,926,000. Hedge funds and other institutional investors own 37.08% of the company’s stock.

Las Vegas Sands Company Profile

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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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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