Las Vegas Sands’s Buy Rating Reaffirmed at TheStreet (LVS)
Las Vegas Sands (NYSE: LVS)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a report issued 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.”
Las Vegas Sands (NYSE: LVS) traded down 0.11% on Tuesday, hitting $53.08. Las Vegas Sands has a 52-week low of $34.72 and a 52-week high of $62.09. The stock’s 50-day moving average is currently $52.54. The company has a market cap of $43.694 billion and a price-to-earnings ratio of 28.72.
Las Vegas Sands (NYSE: LVS) 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 last year, the company posted $0.57 earnings per share. Las Vegas Sands’s revenue was up 21.0% compared to the same quarter last year. On average, analysts predict that Las Vegas Sands will post $2.68 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Las Vegas Sands in a research note to investors on Wednesday, March 13th. They now have a $55.00 price target on the stock. Separately, 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. Finally, 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.
Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Las Vegas Sands currently has an average rating of “Buy” and a consensus target price of $58.67.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Shareholders of record on Thursday, March 21st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, March 19th. This is a positive change from Las Vegas Sands’s previous quarterly dividend of $0.25.
Las Vegas Sands Corp. (NYSE: LVS) 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.
To view TheStreet’s full report, visit www.thestreetratings.com
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