Las Vegas Sands Corp. (LVS) Trading Down 2.3%
Shares of Las Vegas Sands Corp. (NYSE:LVS) fell 2.3% during mid-day trading on Wednesday . The company traded as low as $50.70 and last traded at $51.02, with a volume of 2,958,681 shares. The stock had previously closed at $52.22.
A number of brokerages recently issued reports on LVS. Buckingham Research began coverage on shares of Las Vegas Sands Corp. in a report on Thursday, August 11th. They set a “neutral” rating and a $55.00 price target on the stock. Barclays PLC set a $49.00 price target on shares of Las Vegas Sands Corp. and gave the stock a “hold” rating in a report on Wednesday, July 27th. Telsey Advisory Group increased their price target on shares of Las Vegas Sands Corp. from $47.00 to $50.00 and gave the stock a “market perform” rating in a report on Tuesday, July 26th. Wells Fargo & Co. reissued a “hold” rating on shares of Las Vegas Sands Corp. in a report on Saturday, June 4th. Finally, Vetr downgraded shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $48.18 price objective on the stock. in a report on Wednesday, June 1st. Twelve equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $51.51.
The company’s 50-day moving average is $49.00 and its 200-day moving average is $47.93. The firm has a market capitalization of $40.02 billion and a price-to-earnings ratio of 24.52.
Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Monday, July 25th. The casino operator reported $0.52 EPS for the quarter, missing the consensus estimate of $0.56 by $0.04. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the company earned $0.60 EPS. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. On average, equities research analysts expect that Las Vegas Sands Corp. will post $2.19 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 22nd will be given a $0.72 dividend. The ex-dividend date is Tuesday, September 20th. This represents a $2.88 annualized dividend and a dividend yield of 5.72%.
A hedge fund recently raised its stake in Las Vegas Sands Corp. stock. I.G. Investment Management LTD. raised its stake in Las Vegas Sands Corp. (NYSE:LVS) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,506 shares of the casino operator’s stock after buying an additional 13,528 shares during the period. I.G. Investment Management LTD.’s holdings in Las Vegas Sands Corp. were worth $6,028,000 as of its most recent filing with the SEC.
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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