Las Vegas Sands Corp. (LVS) Sees Unusually-High Trading Volume
Shares of Las Vegas Sands Corp. (NYSE:LVS) saw unusually-strong trading volume on Friday . Approximately 4,080,837 shares changed hands during 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.
A number of equities analysts recently commented on LVS shares. Vetr upgraded Las Vegas Sands Corp. from a “hold” rating to a “buy” rating and set a $48.18 price target for the company in a report on Monday, June 13th. Credit Agricole SA reiterated a “buy” rating and set a $50.00 price target on shares of Las Vegas Sands Corp. in a report on Monday, May 16th. TheStreet upgraded Las Vegas Sands Corp. from a “hold” rating to a “buy” rating in a report on Thursday. Deutsche Bank AG reiterated a “hold” rating on shares of Las Vegas Sands Corp. in a report on Sunday, June 26th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Las Vegas Sands Corp. in a report on Saturday, June 4th. Eleven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Las Vegas Sands Corp. presently has an average rating of “Buy” and a consensus price target of $51.51.
The firm has a 50 day moving average price of $50.46 and a 200-day moving average price of $48.38. The company has a market cap of $42.85 billion and a PE ratio of 26.26.
Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings data on Monday, July 25th. The casino operator reported $0.52 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. During the same period in the previous year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. Equities analysts expect that Las Vegas Sands Corp. will post $2.19 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 22nd will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a 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 shares of Las Vegas Sands Corp. (NYSE:LVS) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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.