Las Vegas Sands (LVS) Coverage Initiated by Analysts at Telsey Advisory Group
Telsey Advisory Group initiated coverage on shares of Las Vegas Sands (NYSE:LVS) in a research report sent to investors on Tuesday morning, The Fly reports. The firm issued a market perform rating on the casino operator’s stock.
A number of other equities research analysts also recently commented on the stock. Stifel Nicolaus restated a buy rating and issued a $76.00 price objective on shares of Las Vegas Sands in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Las Vegas Sands from a hold rating to a buy rating and set a $79.00 price objective for the company in a research report on Tuesday, December 26th. Barclays raised their price objective on shares of Las Vegas Sands from $69.00 to $75.00 and gave the company an overweight rating in a research report on Thursday, December 7th. Bank of America raised their price objective on shares of Las Vegas Sands from $80.00 to $85.00 and gave the company a buy rating in a research report on Thursday, January 25th. Finally, Jefferies Group started coverage on shares of Las Vegas Sands in a research report on Thursday, January 18th. They issued a hold rating and a $73.00 price objective for the company. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $70.54.
Shares of Las Vegas Sands (NYSE:LVS) opened at $73.86 on Tuesday. Las Vegas Sands has a 12 month low of $54.71 and a 12 month high of $79.84. The firm has a market cap of $58,270.00, a PE ratio of 25.65 and a beta of 1.71. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 1.22.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 22nd will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a yield of 4.06%. Las Vegas Sands’s dividend payout ratio (DPR) is 101.39%.
A number of institutional investors have recently modified their holdings of LVS. Truewealth LLC purchased a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $130,000. Bessemer Group Inc. increased its stake in shares of Las Vegas Sands by 60.5% during the 4th quarter. Bessemer Group Inc. now owns 2,067 shares of the casino operator’s stock worth $144,000 after purchasing an additional 779 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new position in shares of Las Vegas Sands during the 3rd quarter worth approximately $181,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Las Vegas Sands during the 3rd quarter worth approximately $198,000. Finally, Independence Trust CO purchased a new position in shares of Las Vegas Sands during the 4th quarter worth approximately $205,000. 38.68% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: “Las Vegas Sands (LVS) Coverage Initiated by Analysts at Telsey Advisory Group” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.dailypolitical.com/2018/03/14/las-vegas-sands-lvs-coverage-initiated-by-analysts-at-telsey-advisory-group.html.
Las Vegas Sands Company Profile
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature 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.
Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.