Today The Las Vegas Sands Corp. (LVS) Given Market Perform Rating at Sanford C. Bernstein

Today The Las Vegas Sands Corp. (LVS) Given Market Perform Rating at Sanford C. Bernstein

Sanford C. Bernstein restated their market perform rating on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research note released on Thursday.

Several other research analysts have also issued reports on the company. Deutsche Bank AG increased their price objective on Las Vegas Sands Corp. from $42.00 to $44.00 and gave the stock a hold rating in a research note on Wednesday, October 19th. Vetr upgraded Las Vegas Sands Corp. from a buy rating to a strong-buy rating and set a $66.73 price objective for the company in a research note on Monday, October 3rd. Bank of America Corporation upgraded Las Vegas Sands Corp. from a neutral rating to a buy rating and increased their price objective for the stock from $58.87 to $63.00 in a research note on Tuesday, October 4th. Morgan Stanley reiterated an equal weight rating and set a $58.00 price objective (up from $54.00) on shares of Las Vegas Sands Corp. in a research note on Sunday, November 6th. Finally, Stifel Nicolaus increased their price objective on Las Vegas Sands Corp. from $61.00 to $65.00 and gave the stock a buy rating in a research note on Friday, November 4th. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $59.51.

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 1.25% during midday trading on Thursday, reaching $56.66. 589,448 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $55.76 and its 200 day moving average price is $55.36. Las Vegas Sands Corp. has a 52-week low of $39.02 and a 52-week high of $63.38. The firm has a market capitalization of $45.03 billion, a P/E ratio of 27.67 and a beta of 1.96.

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 (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.12. Las Vegas Sands Corp. had a return on equity of 23.24% and a net margin of 14.53%. The firm earned $2.97 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the company posted $0.66 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that Las Vegas Sands Corp. will post $2.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Wednesday, December 21st were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date was Monday, December 19th. Las Vegas Sands Corp.’s dividend payout ratio is presently 140.49%.

In related news, COO Robert G. Goldstein sold 169,111 shares of Las Vegas Sands Corp. stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $62.84, for a total value of $10,626,935.24. The sale was disclosed in a document filed with the SEC, which is available at this link. 10.10% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of LVS. Seven Bridges Advisors LLC raised its position in Las Vegas Sands Corp. by 45.8% in the second quarter. Seven Bridges Advisors LLC now owns 2,728 shares of the casino operator’s stock valued at $119,000 after buying an additional 857 shares during the period. Pinkerton Retirement Specialists LLC bought a new position in Las Vegas Sands Corp. during the second quarter valued at $119,000. Advisory Services Network LLC raised its position in Las Vegas Sands Corp. by 9.5% in the third quarter. Advisory Services Network LLC now owns 2,366 shares of the casino operator’s stock valued at $136,000 after buying an additional 205 shares during the period. BKS Advisors LLC bought a new position in Las Vegas Sands Corp. during the third quarter valued at $144,000. Finally, First Mercantile Trust Co. raised its position in Las Vegas Sands Corp. by 42.8% in the third quarter. First Mercantile Trust Co. now owns 2,886 shares of the casino operator’s stock valued at $166,000 after buying an additional 865 shares during the period. 39.55% of the stock is currently owned by hedge funds and other institutional investors.

About Las Vegas Sands Corp.

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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