Today: Las Vegas Sands Corp. (LVS) Rating Decreased to Hold at Vetr Inc.

Today: Las Vegas Sands Corp. (LVS) Rating Decreased to Hold at Vetr Inc.

Las Vegas Sands Corp. (NYSE:LVS) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research report issued on Monday. They presently have a $64.98 price target on the casino operator’s stock. Vetr‘s target price suggests a potential upside of 3.41% from the company’s previous close.

A number of other research firms have also recently weighed in on LVS. Morgan Stanley reaffirmed an “equal weight” rating and issued a $58.00 price objective (up previously from $54.00) on shares of Las Vegas Sands Corp. in a report on Sunday, November 6th. Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective for the company in a report on Tuesday, November 8th. Bank of America Corp. raised shares of Las Vegas Sands Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $58.87 to $63.00 in a report on Tuesday, October 4th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Wednesday, October 5th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Las Vegas Sands Corp. in a research note on Friday, September 16th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $57.33.

Las Vegas Sands Corp. (NYSE:LVS) opened at 62.84 on Monday. The company has a market cap of $49.94 billion, a P/E ratio of 30.68 and a beta of 1.98. Las Vegas Sands Corp. has a one year low of $34.88 and a one year high of $62.95. The company has a 50 day moving average of $58.76 and a 200-day moving average of $51.97.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Thursday, November 3rd. The casino operator reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates 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 company earned $2.97 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts expect that Las Vegas Sands Corp. will post $2.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 21st will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Monday, December 19th. Las Vegas Sands Corp.’s payout ratio is currently 140.49%.

A number of large investors have recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Las Vegas Sands Corp. by 27.7% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 54,858 shares of the casino operator’s stock valued at $2,386,000 after buying an additional 11,900 shares during the last quarter. Breton Hill Capital Ltd. increased its stake in shares of Las Vegas Sands Corp. by 28.3% in the second quarter. Breton Hill Capital Ltd. now owns 155,692 shares of the casino operator’s stock valued at $6,771,000 after buying an additional 34,333 shares during the last quarter. Creative Planning increased its stake in shares of Las Vegas Sands Corp. by 16.8% in the second quarter. Creative Planning now owns 47,357 shares of the casino operator’s stock valued at $2,060,000 after buying an additional 6,808 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Las Vegas Sands Corp. by 513.0% in the second quarter. Gateway Investment Advisers LLC now owns 55,927 shares of the casino operator’s stock valued at $2,432,000 after buying an additional 46,803 shares during the last quarter. Finally, Banced Corp increased its stake in shares of Las Vegas Sands Corp. by 4.0% in the second quarter. Banced Corp now owns 7,394 shares of the casino operator’s stock valued at $281,000 after buying an additional 283 shares during the last quarter. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

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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