Las Vegas Sands Corp. (LVS) Stock Price Down 2.3%
Las Vegas Sands Corp. (NYSE:LVS) shares dropped 2.3% during 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 changing hands. The stock had previously closed at $52.22.
LVS has been the topic of a number of recent analyst reports. Goldman Sachs Group Inc. reaffirmed a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday, May 9th. Vetr raised shares of Las Vegas Sands Corp. from a “hold” rating to a “strong-buy” rating and set a $52.58 target price on the stock in a research report on Monday, June 20th. TheStreet downgraded shares of Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Wells Fargo & Co. reissued a “market perform” rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Las Vegas Sands Corp. from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Twelve equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.51.
The company has a 50 day moving average price of $49.40 and a 200 day moving average price of $47.97. The stock has a market capitalization of $40.33 billion and a price-to-earnings ratio of 24.71.
Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings results 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 firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.76 billion. The business’s revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. Analysts predict that Las Vegas Sands Corp. will post $2.19 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $2.88 annualized dividend and a dividend yield of 5.67%.
An institutional investor recently raised its position in Las Vegas Sands Corp. stock. I.G. Investment Management LTD. increased its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 10.9% during the fourth quarter, according to its most recent Form 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 at the end of the most recent quarter.
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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