Las Vegas Sands Corp. (NYSE:LVS) had its target price lifted by Credit Agricole SA from $50.00 to $58.00 in a report issued on Monday. They currently have an outperform rating on the casino operator’s stock.

LVS has been the subject of several other research reports. Wells Fargo & Co. reissued a market perform rating on shares of Las Vegas Sands Corp. in a research 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 for the company. in a research report on Wednesday, June 1st. Argus raised shares of Las Vegas Sands Corp. from a hold rating to a buy rating and increased their price objective for the stock from $56.54 to $67.00 in a research report on Wednesday, September 14th. Buckingham Research assumed coverage on shares of 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. Finally, JPMorgan Chase & Co. reissued a hold rating on shares of Las Vegas Sands Corp. in a research report on Sunday, July 17th. Eleven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $54.29.

Shares of Las Vegas Sands Corp. (NYSE:LVS) opened at 57.17 on Monday. The stock has a market capitalization of $45.43 billion, a PE ratio of 27.83 and a beta of 2.09. Las Vegas Sands Corp. has a 12 month low of $34.88 and a 12 month high of $58.65. The company has a 50-day moving average of $53.53 and a 200-day moving average of $49.17.

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. Las Vegas Sands Corp. had a return on equity of 22.12% and a net margin of 14.69%. The business earned $2.65 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company earned $0.60 EPS. Las Vegas Sands Corp.’s revenue was down 9.3% on a year-over-year basis. On average, equities research analysts expect that Las Vegas Sands Corp. will post $2.20 EPS for the current fiscal year.

The company also recently disclosed 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. The ex-dividend date is Tuesday, September 20th. This represents a $2.88 annualized dividend and a yield of 5.04%. Las Vegas Sands Corp.’s dividend payout ratio is presently 140.49%.

A number of hedge funds have recently modified their holdings of the stock. Northern Cross LLC increased its stake in shares of Las Vegas Sands Corp. by 5.8% in the second quarter. Northern Cross LLC now owns 39,053,967 shares of the casino operator’s stock valued at $1,698,457,000 after buying an additional 2,131,779 shares in the last quarter. Vanguard Group Inc. boosted its position in Las Vegas Sands Corp. by 2.0% in the second quarter. Vanguard Group Inc. now owns 18,025,317 shares of the casino operator’s stock valued at $783,922,000 after buying an additional 350,052 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Las Vegas Sands Corp. by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,857,503 shares of the casino operator’s stock valued at $385,213,000 after buying an additional 211,597 shares during the last quarter. State Street Corp boosted its position in Las Vegas Sands Corp. by 5.1% in the second quarter. State Street Corp now owns 7,350,621 shares of the casino operator’s stock valued at $319,678,000 after buying an additional 356,664 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Las Vegas Sands Corp. by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 5,094,279 shares of the casino operator’s stock valued at $221,551,000 after buying an additional 106,607 shares during the last quarter. Hedge funds and other institutional investors own 37.88% of the company’s stock.

About Las Vegas Sands Corp.

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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