Las Vegas Sands Corp. (NYSE:LVS) Receives $62.51 Average Price Target from Analysts

Las Vegas Sands Corp. (NYSE:LVS) has received a consensus rating of “Buy” from the twenty-three research firms that are currently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $63.40.

Several analysts recently issued reports on LVS shares. Wells Fargo & Company reiterated a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, March 21st. Aegis reiterated a “buy” rating and set a $59.00 price objective on shares of Las Vegas Sands Corp. in a research note on Wednesday, March 22nd. Wolfe Research reiterated a “market perform” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, March 28th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Las Vegas Sands Corp. in a research note on Tuesday, March 28th. Finally, Stifel Nicolaus dropped their price objective on shares of Las Vegas Sands Corp. from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, April 10th.

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Las Vegas Sands Corp. by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 732,159 shares of the casino operator’s stock valued at $39,109,000 after buying an additional 8,827 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Las Vegas Sands Corp. by 55.9% in the first quarter. Ameriprise Financial Inc. now owns 2,418,814 shares of the casino operator’s stock valued at $138,022,000 after buying an additional 867,643 shares during the period. United Services Automobile Association raised its stake in shares of Las Vegas Sands Corp. by 27.5% in the first quarter. United Services Automobile Association now owns 594,863 shares of the casino operator’s stock valued at $33,949,000 after buying an additional 128,315 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Las Vegas Sands Corp. during the first quarter valued at $1,039,000. Finally, Kings Point Capital Management raised its stake in shares of Las Vegas Sands Corp. by 50.0% in the first quarter. Kings Point Capital Management now owns 84,758 shares of the casino operator’s stock valued at $4,837,000 after buying an additional 28,266 shares during the period. Institutional investors and hedge funds own 38.25% of the company’s stock.

Shares of Las Vegas Sands Corp. (LVS) traded down 0.88% during trading on Friday, hitting $61.92. The stock had a trading volume of 2,166,833 shares. The stock has a 50-day moving average price of $63.20 and a 200 day moving average price of $57.59. The company has a market cap of $49.16 billion, a P/E ratio of 26.92 and a beta of 1.81. Las Vegas Sands Corp. has a 12 month low of $46.25 and a 12 month high of $66.22.

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

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 22nd were given a $0.73 dividend. 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 is 126.96%.

COPYRIGHT VIOLATION NOTICE: “Las Vegas Sands Corp. (NYSE:LVS) Receives $62.51 Average Price Target from Analysts” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://sportsperspectives.com/2017/07/19/las-vegas-sands-corp-nyselvs-receives-62-51-average-price-target-from-analysts.html.

About Las Vegas Sands Corp.

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)

Receive News & Ratings for Las Vegas Sands Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply