Investors Buy Shares of Las Vegas Sands Corp. (LVS) on Weakness
Traders purchased shares of Las Vegas Sands Corp. (NYSE:LVS) on weakness during trading on Friday. $35.19 million flowed into the stock on the tick-up and $26.37 million flowed out of the stock on the tick-down, for a money net flow of $8.82 million into the stock. Of all equities tracked, Las Vegas Sands Corp. had the 13th highest net in-flow for the day. Las Vegas Sands Corp. traded down ($0.43) for the day and closed at $50.33
A number of analysts have recently weighed in on LVS shares. Buckingham Research started coverage on Las Vegas Sands Corp. in a research report on Thursday, August 11th. They issued a “neutral” rating and a $55.00 price objective for the company. Barclays PLC set a $49.00 price objective on Las Vegas Sands Corp. and gave the stock a “hold” rating in a research report on Wednesday, July 27th. Telsey Advisory Group raised their price objective on Las Vegas Sands Corp. from $47.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 26th. Wells Fargo & Co. reissued a “hold” rating on shares of Las Vegas Sands Corp. in a research report on Saturday, June 4th. Finally, Vetr cut Las Vegas Sands Corp. from a “buy” rating to a “hold” rating and set a $48.18 price objective for the company. in a research report on Wednesday, June 1st. Twelve analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Las Vegas Sands Corp. presently has an average rating of “Hold” and a consensus price target of $51.51.
The stock has a market cap of $39.99 billion and a P/E ratio of 24.50. The stock has a 50 day moving average of $49.59 and a 200-day moving average of $48.04.
Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Monday, July 25th. The casino operator reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.04. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the company earned $0.60 EPS. Las Vegas Sands Corp.’s quarterly revenue was down 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Las Vegas Sands Corp. will post $2.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd will be paid a $0.72 dividend. The ex-dividend date is Tuesday, September 20th. This represents a $2.88 annualized dividend and a yield of 5.72%.
A hedge fund recently raised its stake in Las Vegas Sands Corp. stock. Ameriprise Financial Inc. raised its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,142,472 shares of the casino operator’s stock after buying an additional 38,139 shares during the period. Ameriprise Financial Inc. owned approximately 0.14% of Las Vegas Sands Corp. worth $50,082,000 as of its most recent SEC filing.
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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