Las Vegas Sands (LVS) Earns “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Las Vegas Sands (NYSE:LVS) in a report issued on Thursday morning, Briefing.com Automated Import reports. Telsey Advisory Group currently has a $64.00 price objective on the casino operator’s stock, up from their previous price objective of $58.00.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley increased their price objective on shares of Las Vegas Sands from $64.00 to $66.00 and gave the company an overweight rating in a research note on Wednesday, March 6th. Deutsche Bank increased their price objective on shares of Las Vegas Sands to $60.00 and gave the company a buy rating in a research note on Thursday, January 24th. Credit Suisse Group reissued a neutral rating and issued a $58.00 price objective on shares of Las Vegas Sands in a research note on Wednesday, March 20th. HSBC cut shares of Las Vegas Sands from a buy rating to a hold rating in a research note on Wednesday. They noted that the move was a valuation call. Finally, Stifel Nicolaus increased their price objective on shares of Las Vegas Sands from $72.00 to $80.00 and gave the company a buy rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $68.89.

Shares of LVS opened at $68.22 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.76 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $52.72 billion, a PE ratio of 20.55 and a beta of 1.40. Las Vegas Sands has a 52-week low of $47.39 and a 52-week high of $81.45.

Las Vegas Sands (NYSE:LVS) last announced its quarterly earnings results on Wednesday, April 17th. The casino operator reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.06. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.48 billion. Las Vegas Sands had a net margin of 11.15% and a return on equity of 33.30%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 EPS. On average, equities research analysts forecast that Las Vegas Sands will post 3.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Wednesday, June 19th will be paid a $0.77 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $3.08 dividend on an annualized basis and a yield of 4.51%. Las Vegas Sands’s payout ratio is 92.77%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Skylands Capital LLC boosted its stake in shares of Las Vegas Sands by 234.1% during the 4th quarter. Skylands Capital LLC now owns 68,500 shares of the casino operator’s stock worth $3,565,000 after purchasing an additional 48,000 shares during the last quarter. PRW Wealth Management LLC acquired a new stake in shares of Las Vegas Sands during the 4th quarter worth about $99,000. USA Mutuals Advisors Inc. boosted its stake in shares of Las Vegas Sands by 4.4% during the 4th quarter. USA Mutuals Advisors Inc. now owns 141,000 shares of the casino operator’s stock worth $7,339,000 after purchasing an additional 6,000 shares during the last quarter. Greenleaf Trust acquired a new stake in shares of Las Vegas Sands during the 4th quarter worth about $204,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Las Vegas Sands during the 4th quarter worth about $894,000. 36.81% of the stock is currently owned by hedge funds and other institutional investors.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.

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Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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