Las Vegas Sands Corp. (LVS) Shares Up 6.6%
Las Vegas Sands Corp. (NYSE:LVS) shares shot up 6.6% during trading on Thursday . The company traded as high as $53.58 and last traded at $53.54, with a volume of 5,812,076 shares changing hands. The stock had previously closed at $50.21.
A number of brokerages have commented on LVS. Buckingham Research began coverage on Las Vegas Sands Corp. in a report on Thursday, August 11th. They issued a “neutral” rating and a $55.00 price objective on the stock. Barclays PLC set a $49.00 price objective on Las Vegas Sands Corp. and gave the company a “hold” rating in a report on Wednesday, July 27th. Telsey Advisory Group upped their price objective on Las Vegas Sands Corp. from $47.00 to $50.00 and gave the company a “market perform” rating in a report on Tuesday, July 26th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Las Vegas Sands Corp. in a report on Sunday, July 17th. Finally, Zacks Investment Research raised Las Vegas Sands Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Twelve research 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 stock. Las Vegas Sands Corp. presently has a consensus rating of “Hold” and a consensus price target of $51.51.
The company has a market capitalization of $42.69 billion and a P/E ratio of 26.16. The stock has a 50-day moving average price of $50.02 and a 200 day moving average price of $48.30.
Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Monday, July 25th. The casino operator reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The firm earned $2.65 billion during the quarter, compared to the consensus estimate of $2.76 billion. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. Analysts predict that Las Vegas Sands Corp. will post $2.19 EPS for the current fiscal year.
The business 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 $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 5.74%. The ex-dividend date is Tuesday, September 20th.
A hedge fund recently raised its stake in Las Vegas Sands Corp. stock. Ameriprise Financial Inc. increased its stake 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 fund 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 about 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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