Las Vegas Sands Corp. (NYSE:LVS) Rating Reiterated by Morgan Stanley

Las Vegas Sands Corp. (NYSE:LVS)‘s stock had its “equal weight” rating restated by investment analysts at Morgan Stanley in a report released on Monday. They currently have a $62.00 price target on the casino operator’s stock, up from their previous price target of $58.00. Morgan Stanley’s price target suggests a potential upside of 0.18% from the stock’s previous close.

A number of other research firms have also recently weighed in on LVS. Wells Fargo & Company reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 4th. Stifel Nicolaus upped their price objective on shares of Las Vegas Sands Corp. from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. Deutsche Bank AG upped their price objective on shares of Las Vegas Sands Corp. from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Friday, April 28th. CLSA reissued a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Thursday, April 27th. Finally, Susquehanna Bancshares Inc reissued a “buy” rating and issued a $69.00 price objective on shares of Las Vegas Sands Corp. in a research report on Friday, April 28th. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $61.92.

Las Vegas Sands Corp. (NYSE:LVS) traded up 0.90% during mid-day trading on Monday, reaching $62.45. The company’s stock had a trading volume of 453,017 shares. The stock has a market capitalization of $49.59 billion, a P/E ratio of 27.15 and a beta of 1.81. Las Vegas Sands Corp. has a 1-year low of $43.51 and a 1-year high of $66.22. The stock’s 50 day moving average price is $61.65 and its 200 day moving average price is $56.95.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 26th. The casino operator reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Las Vegas Sands Corp. had a net margin of 15.51% and a return on equity of 26.93%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. Analysts expect that Las Vegas Sands Corp. will post $2.61 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 22nd were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Tuesday, June 20th. This represents a $2.92 annualized dividend and a yield of 4.72%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is 126.96%.

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Several large investors have recently made changes to their positions in LVS. Arizona State Retirement System raised its stake in shares of Las Vegas Sands Corp. by 0.3% in the first quarter. Arizona State Retirement System now owns 36,374 shares of the casino operator’s stock valued at $2,076,000 after buying an additional 100 shares during the last quarter. Huntington National Bank raised its stake in shares of Las Vegas Sands Corp. by 3.7% in the first quarter. Huntington National Bank now owns 3,185 shares of the casino operator’s stock valued at $182,000 after buying an additional 115 shares during the last quarter. Wagner Bowman Management Corp raised its stake in shares of Las Vegas Sands Corp. by 2.3% in the first quarter. Wagner Bowman Management Corp now owns 5,605 shares of the casino operator’s stock valued at $319,000 after buying an additional 125 shares during the last quarter. Agran Libbie raised its stake in shares of Las Vegas Sands Corp. by 1.0% in the first quarter. Agran Libbie now owns 17,690 shares of the casino operator’s stock valued at $1,010,000 after buying an additional 175 shares during the last quarter. Finally, Point View Wealth Management Inc. raised its stake in shares of Las Vegas Sands Corp. by 1.8% in the first quarter. Point View Wealth Management Inc. now owns 10,335 shares of the casino operator’s stock valued at $590,000 after buying an additional 179 shares during the last quarter. Institutional investors own 38.24% of the company’s stock.

Las Vegas Sands Corp. Company Profile

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 Corp. (NYSE:LVS)

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