Today: Today, Las Vegas Sands Corp. (LVS) gets “Buy” status at Vetr Inc.

Today, Las Vegas Sands Corp. (LVS) gets “Buy” status at Vetr Inc.

Vetr downgraded shares of Las Vegas Sands Corp. (NYSE:LVS) from a strong-buy rating to a buy rating in a research report released on Monday morning. The firm currently has $68.03 price objective on the casino operator’s stock.

Several other equities research analysts have also commented on LVS. Zacks Investment Research upgraded shares of Las Vegas Sands Corp. from a hold rating to a strong-buy rating and set a $68.00 price target on the stock in a research note on Tuesday, November 8th. TheStreet upgraded shares of Las Vegas Sands Corp. from a hold rating to a buy rating in a research note on Thursday, September 1st. Barclays PLC set a $49.00 price target on shares of Las Vegas Sands Corp. and gave the stock a hold rating in a research note on Wednesday, July 27th. Susquehanna reiterated a positive rating and set a $63.00 price target on shares of Las Vegas Sands Corp. in a research note on Thursday, September 8th. Finally, lifted their price target on shares of Las Vegas Sands Corp. from $50.00 to $58.00 and gave the stock an outperform rating in a research note on Monday, September 19th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $57.50.

Las Vegas Sands Corp. (NYSE:LVS) opened at 62.42 on Monday. Las Vegas Sands Corp. has a 12 month low of $34.88 and a 12 month high of $62.78. The firm has a market cap of $49.60 billion, a P/E ratio of 30.48 and a beta of 1.98. The firm has a 50 day moving average of $58.65 and a 200-day moving average of $51.85.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings data on Thursday, November 3rd. The casino operator reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.12. Las Vegas Sands Corp. had a net margin of 14.53% and a return on equity of 23.24%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the business earned $0.66 EPS. The company’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts forecast that Las Vegas Sands Corp. will post $2.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 21st will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Monday, December 19th. Las Vegas Sands Corp.’s dividend payout ratio is presently 140.49%.

Institutional investors have recently bought and sold shares of the stock. Assetmark Inc. raised its position in Las Vegas Sands Corp. by 1.3% in the third quarter. Assetmark Inc. now owns 3,110 shares of the casino operator’s stock worth $179,000 after buying an additional 41 shares in the last quarter. CWM LLC raised its position in Las Vegas Sands Corp. by 0.4% in the second quarter. CWM LLC now owns 12,799 shares of the casino operator’s stock worth $557,000 after buying an additional 48 shares in the last quarter. Chesley Taft & Associates LLC raised its position in Las Vegas Sands Corp. by 0.9% in the second quarter. Chesley Taft & Associates LLC now owns 16,200 shares of the casino operator’s stock worth $705,000 after buying an additional 150 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Las Vegas Sands Corp. by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 11,204 shares of the casino operator’s stock worth $645,000 after buying an additional 162 shares in the last quarter. Finally, Narwhal Capital Management raised its position in Las Vegas Sands Corp. by 1.9% in the second quarter. Narwhal Capital Management now owns 11,000 shares of the casino operator’s stock worth $478,000 after buying an additional 200 shares in the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.

Las Vegas Sands Corp. Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers 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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