Las Vegas Sands (NYSE:LVS – Free Report) had its price target lifted by Wells Fargo & Company from $53.00 to $60.00 in a report released on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the casino operator’s stock.
A number of other analysts have also weighed in on the stock. UBS Group lowered shares of Las Vegas Sands from a buy rating to a neutral rating and cut their target price for the company from $70.00 to $49.00 in a research report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Las Vegas Sands from $61.00 to $55.00 and set a buy rating on the stock in a research report on Thursday, July 25th. Susquehanna dropped their target price on Las Vegas Sands from $59.00 to $51.00 and set a positive rating for the company in a research report on Thursday, July 25th. Morgan Stanley reduced their price target on Las Vegas Sands from $55.00 to $50.00 and set an overweight rating on the stock in a report on Wednesday, September 4th. Finally, StockNews.com lowered shares of Las Vegas Sands from a buy rating to a hold rating in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $55.83.
Get Our Latest Analysis on LVS
Las Vegas Sands Stock Performance
Las Vegas Sands (NYSE:LVS – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the business posted $0.46 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Las Vegas Sands will post 2.45 EPS for the current year.
Las Vegas Sands Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s payout ratio is presently 38.65%.
Hedge Funds Weigh In On Las Vegas Sands
Large investors have recently added to or reduced their stakes in the business. Bank & Trust Co bought a new position in shares of Las Vegas Sands in the second quarter valued at approximately $29,000. Accent Capital Management LLC bought a new position in Las Vegas Sands during the 4th quarter valued at $39,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Las Vegas Sands by 93.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock worth $40,000 after acquiring an additional 437 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Las Vegas Sands in the 1st quarter worth $43,000. Finally, Parallel Advisors LLC raised its holdings in shares of Las Vegas Sands by 54.8% in the fourth quarter. Parallel Advisors LLC now owns 1,008 shares of the casino operator’s stock valued at $50,000 after purchasing an additional 357 shares during the last quarter. Institutional investors own 39.16% 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 Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore.
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