Las Vegas Sands (LVS) Price Target Raised to $85.00

Las Vegas Sands (NYSE:LVS) had its price objective hoisted by Barclays to $85.00 in a research report released on Thursday, January 25th. Barclays currently has an overweight rating on the casino operator’s stock.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Las Vegas Sands from a hold rating to a buy rating and set a $75.00 target price for the company in a research note on Wednesday, November 8th. Gabelli boosted their price objective 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. Roth Capital started coverage on shares of Las Vegas Sands in a research note on Wednesday, October 25th. They set a buy rating and a $69.00 price objective for the company. Stifel Nicolaus reaffirmed a buy rating and set a $76.00 price objective on shares of Las Vegas Sands in a research note on Tuesday, January 9th. Finally, Morgan Stanley boosted their price objective on shares of Las Vegas Sands from $63.00 to $65.00 and gave the company an equal weight rating in a research note on Thursday, October 26th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $70.54.

Shares of Las Vegas Sands (LVS) opened at $71.54 on Thursday. Las Vegas Sands has a 1-year low of $51.35 and a 1-year high of $79.84. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 1.38. The stock has a market cap of $56,550.00, a PE ratio of 20.21 and a beta of 1.72.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, January 24th. The casino operator reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.11. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.26 billion. Las Vegas Sands had a net margin of 21.78% and a return on equity of 34.76%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.62 earnings per share. analysts forecast that Las Vegas Sands will post 3.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 22nd will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, March 21st. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 4.19%. Las Vegas Sands’s payout ratio is presently 82.49%.

A number of institutional investors have recently made changes to their positions in LVS. Profund Advisors LLC lifted its position in Las Vegas Sands by 40.6% during the second quarter. Profund Advisors LLC now owns 7,995 shares of the casino operator’s stock valued at $511,000 after purchasing an additional 2,307 shares during the last quarter. Lazard Asset Management LLC lifted its position in Las Vegas Sands by 32,715.8% during the second quarter. Lazard Asset Management LLC now owns 6,235 shares of the casino operator’s stock valued at $397,000 after purchasing an additional 6,216 shares during the last quarter. D.A. Davidson & CO. lifted its position in Las Vegas Sands by 14.1% during the second quarter. D.A. Davidson & CO. now owns 4,446 shares of the casino operator’s stock valued at $284,000 after purchasing an additional 551 shares during the last quarter. Nordea Investment Management AB lifted its position in Las Vegas Sands by 2.1% during the second quarter. Nordea Investment Management AB now owns 14,515 shares of the casino operator’s stock valued at $927,000 after purchasing an additional 299 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in Las Vegas Sands by 52.5% during the second quarter. Advisor Group Inc. now owns 24,090 shares of the casino operator’s stock valued at $1,507,000 after purchasing an additional 8,293 shares during the last quarter. Institutional investors and hedge funds own 37.34% 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.

Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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