2 weeks Ago By ABMN Staff
Las Vegas Sands ( NYSE:LVS – Free Report ) had its price objective decreased by Barclays from $58.00 to $53.00 in a report issued on Tuesday morning, Benzinga reports.
Barclays currently has an overweight rating on the casino operator’s stock. Several other brokerages have also recently commented on LVS. JPMorgan Chase & Co.
decreased their price target on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, January 29th.
Citigroup boosted their target price on Las Vegas Sands from $64.50 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th.
Wells Fargo & Company reduced their price target on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th.
Macquarie boosted their price objective on Las Vegas Sands from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th.
Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th.
Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Las Vegas Sands has a consensus rating of “Moderate Buy” and an average target price of $58.67.
Check Out Our Latest Stock Analysis on Las Vegas Sands Las Vegas Sands Price Performance Las Vegas Sands ( NYSE:LVS – Get Free Report ) last issued its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.
58 by ($0.04). Las Vegas Sands had a return on equity of 45.
82% and a net margin of 12.80%. As a group, sell-side analysts expect that Las Vegas Sands will post 2.
6 earnings per share for the current year. Las Vegas Sands Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Monday, February 10th were given a dividend of $0.
25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.
94%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Las Vegas Sands’s previous quarterly dividend of $0.
20. Las Vegas Sands’s payout ratio is currently 50.76%.
Institutional Inflows and Outflows Several large investors have recently modified their holdings of LVS. Capital Research Global Investors lifted its position in Las Vegas Sands by 26.5% in the fourth quarter.
Capital Research Global Investors now owns 58,824,289 shares of the casino operator’s stock valued at $3,021,205,000 after acquiring an additional 12,304,533 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Las Vegas Sands by 55.7% during the fourth quarter.
Janus Henderson Group PLC now owns 14,218,581 shares of the casino operator’s stock worth $730,295,000 after purchasing an additional 5,088,095 shares in the last quarter. Norges Bank purchased a new stake in shares of Las Vegas Sands in the 4th quarter valued at about $216,571,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Las Vegas Sands by 29.
8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,382,267 shares of the casino operator’s stock valued at $481,873,000 after purchasing an additional 2,152,829 shares during the period. Finally, ARGA Investment Management LP grew its stake in Las Vegas Sands by 32.
0% during the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator’s stock worth $333,911,000 after buying an additional 1,577,042 shares during the last quarter. Institutional investors and hedge funds own 39.
16% of the company’s stock. Las Vegas Sands Company Profile ( Get Free Report ) Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore.
It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, 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 Marina Bay Sands in Singapore. Further Reading 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 .
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