Las Vegas Sands Stock Rating Reaffirmed by TheStreet (LVS)
Las Vegas Sands (NYSE: LVS)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Tuesday.
The analysts wrote, “Las Vegas Sands (LVS) has been reiterated by TheStreet Ratings as a buy with a ratings score of A . The company’s strengths can be seen in multiple areas, such as its robust revenue growth and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
Several other analysts have also recently commented on the stock. Analysts at Argus upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, February 12th. They now have a $66.00 price target on the stock. Separately, analysts at Morgan Stanley raised their EPS on shares of Las Vegas Sands in a research note to investors on Monday, February 4th. They now have an “overweight” rating and a $60.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Las Vegas Sands in a research note to investors on Friday, February 1st. They now have a $58.00 price target on the stock.
Twenty-one equities research analysts have rated the stock with a buy rating, two have given an overweight rating, and six have assigned a hold rating to the stock. The company currently has an average rating of “-” and an average target price of $59.48.
Shares of Las Vegas Sands opened at 52.85 on Tuesday. Las Vegas Sands has a one year low of $34.72 and a one year high of $62.09. The stock’s 50-day moving average is currently $52.49. The company has a market cap of $43.505 billion and a P/E ratio of 28.57.
Las Vegas Sands last released its earnings data on Wednesday, January 30th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.05. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. Analysts expect that Las Vegas Sands will post $2.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 29th. Investors of record on Thursday, March 21st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Tuesday, March 19th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.25.
Las Vegas Sands Corp. (LVSC) is a global developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.
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