Las Vegas Sands Corp. (LVS) Trading 6.6% Higher
Las Vegas Sands Corp. (NYSE:LVS)’s share price traded up 6.6% during mid-day trading on Thursday . The stock traded as high as $53.58 and last traded at $53.54, with a volume of 5,812,076 shares trading hands. The stock had previously closed at $50.21.
Several equities analysts recently issued reports on the stock. Wells Fargo & Co. reissued a “market perform” rating on shares of Las Vegas Sands Corp. in a report on Tuesday, July 5th. Vetr lowered 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. Goldman Sachs Group Inc. reissued a “neutral” rating on shares of Las Vegas Sands Corp. in a report on Monday, May 9th. Buckingham Research assumed 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 objective on the stock. Finally, Zacks Investment Research raised shares of Las Vegas Sands Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $51.51.
The stock has a market capitalization 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 posted its earnings results on Monday, July 25th. The casino operator reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.04. During the same quarter last year, the business earned $0.60 earnings per share. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Las Vegas Sands Corp.’s revenue was down 9.3% on a year-over-year basis. Analysts expect that Las Vegas Sands Corp. will post $2.19 EPS for the current year.
The business also recently announced 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. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date is Tuesday, September 20th.
A hedge fund recently raised its stake in Las Vegas Sands Corp. stock. Ameriprise Financial Inc. boosted its stake in Las Vegas Sands Corp. (NYSE:LVS) by 3.5% during the fourth quarter, according to its most recent disclosure 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 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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