Las Vegas Sands (NYSE:LVS) had its price target hoisted by Barclays from $69.00 to $75.00 in a report released on Thursday morning, MarketBeat reports. Barclays currently has an overweight rating on the casino operator’s stock.
LVS has been the topic of several other reports. Stifel Nicolaus reissued a buy rating on shares of Las Vegas Sands in a research note on Sunday, September 3rd. Zacks Investment Research raised shares of Las Vegas Sands from a hold rating to a buy rating and set a $75.00 price target on the stock in a research note on Wednesday, November 8th. Deutsche Bank increased their price target on shares of Las Vegas Sands from $54.00 to $57.00 and gave the company a hold rating in a research note on Thursday, October 26th. Nomura increased their price target on shares of Las Vegas Sands from $54.00 to $57.00 and gave the company a neutral rating in a research note on Thursday, October 26th. Finally, Gabelli increased their price target on shares of Las Vegas Sands from $60.00 to $68.00 and gave the company a buy rating in a research note on Thursday, October 26th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $65.77.
Shares of Las Vegas Sands (LVS) opened at $70.36 on Thursday. Las Vegas Sands has a fifty-two week low of $51.35 and a fifty-two week high of $70.84. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.05 and a current ratio of 1.07. The firm has a market cap of $55,620.00, a P/E ratio of 25.31 and a beta of 1.80.
Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 25th. The casino operator reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Las Vegas Sands had a net margin of 16.80% and a return on equity of 31.11%. The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. Las Vegas Sands’s revenue was up 7.7% compared to the same quarter last year. equities research analysts forecast that Las Vegas Sands will post 2.87 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be issued a $0.73 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 annualized dividend and a yield of 4.15%. Las Vegas Sands’s dividend payout ratio (DPR) is presently 110.19%.
In other news, Director George Jamieson bought 1,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of $66.96 per share, for a total transaction of $66,960.00. Following the completion of the acquisition, the director now owns 6,488 shares in the company, valued at approximately $434,436.48. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 10.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Csenge Advisory Group acquired a new stake in Las Vegas Sands in the third quarter worth $504,000. ARGA Investment Management LP increased its stake in Las Vegas Sands by 110.7% in the 2nd quarter. ARGA Investment Management LP now owns 45,300 shares of the casino operator’s stock valued at $2,894,000 after buying an additional 23,800 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Las Vegas Sands by 5.1% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 75,993 shares of the casino operator’s stock valued at $4,855,000 after acquiring an additional 3,664 shares during the period. Investec Asset Management LTD grew its position in shares of Las Vegas Sands by 38.5% in the 2nd quarter. Investec Asset Management LTD now owns 1,800,200 shares of the casino operator’s stock valued at $115,015,000 after acquiring an additional 500,619 shares during the period. Finally, Monetta Financial Services Inc. bought a new position in shares of Las Vegas Sands in the 2nd quarter valued at about $1,278,000. Institutional investors own 37.47% of the company’s stock.
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About Las Vegas Sands
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature 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.
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