Las Vegas Sands Corp. (LVS) Sees Large Volume Increase
Shares of Las Vegas Sands Corp. (NYSE:LVS) saw unusually-high trading volume on Friday . Approximately 4,080,837 shares traded hands during mid-day trading, an increase of 6% from the previous session’s volume of 3,843,319 shares.The stock last traded at $53.49 and had previously closed at $53.81.
LVS has been the subject of several research analyst reports. Buckingham Research initiated coverage on shares of Las Vegas Sands Corp. in a research note on Thursday, August 11th. They issued a “neutral” rating and a $55.00 price target for the company. Goldman Sachs Group Inc. reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a research report on Monday, May 9th. JPMorgan Chase & Co. decreased their target price on shares of Las Vegas Sands Corp. from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, July 14th. Telsey Advisory Group boosted their target price on shares of 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. Finally, Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Twelve 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 company. Las Vegas Sands Corp. presently has a consensus rating of “Hold” and an average target price of $51.51.
The stock has a market cap of $42.85 billion and a price-to-earnings ratio of 26.26. The firm has a 50 day moving average price of $50.46 and a 200-day moving average price of $48.38.
Las Vegas Sands Corp. (NYSE:LVS) last issued its quarterly earnings results on Monday, July 25th. The casino operator reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.76 billion. Las Vegas Sands Corp.’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the firm posted $0.60 EPS. On average, equities research analysts forecast that Las Vegas Sands Corp. will post $2.19 earnings per share for the current fiscal year.
The company 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 dividend of $0.72 per share. The ex-dividend date is Tuesday, September 20th. This represents a $2.88 dividend on an annualized basis and a yield of 5.34%.
A hedge fund recently raised its stake in Las Vegas Sands Corp. stock. Ameriprise Financial Inc. boosted 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 Securities and Exchange Commission (SEC). The institutional investor 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 0.14% of Las Vegas Sands Corp. worth $50,082,000 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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