Las Vegas Sands Corp. (NYSE:LVS) Stock Rating Reaffirmed by Stifel Nicolaus

Xavier Trudeau
Août 13, 2017

The brokerage now has a $67.00 price objective on the casino operator's stock, up from their previous price objective of $65.00. Institutional investors own 38.27% of the company's stock. Moody National Bank Trust Division acquired a new position in shares of Las Vegas Sands Corp. during the first quarter worth about $669,000. Financial Architects Inc now owns 1,875 shares of the casino operator's stock worth $107,000 after buying an additional 1,300 shares in the last quarter. Grimes & Company Inc.'s holdings in Las Vegas Sands Corp. were worth $5,591,000 as of its most recent SEC filing. (NYSE:LVS). Plante Moran Finance Llc has invested 0.02% in Las Vegas Sands Corp. Rothschild Investment Corp IL now owns 161,021 shares of the casino operator's stock worth $9,189,000 after buying an additional 1,075 shares during the period. Benjamin F Edwards & owns 0.03% invested in Las Vegas Sands Corp. Financial Architects Inc now owns 1,875 shares of the casino operator's stock valued at $107,000 after buying an additional 1,300 shares in the last quarter. Advisors Capital Management LLC increased its position in shares of Las Vegas Sands Corp.by 7.4% in the second quarter. Nordea Investment Management AB now owns 14,515 shares of the casino operator's stock valued at $927,000 after buying an additional 299 shares in the last quarter. Las Vegas Sands Corp. has a 12 month low of $49.89 and a 12 month high of $66.22. The stock decreased 0.83% or $0.5 during the last trading session, reaching $59.66.

The stock last traded at $60.16 a tad under $62.21, the stock's 50 day moving average and a tad above the 200 day moving average of $58.26. The stock has a market cap of $47.25 billion, a PE ratio of 23.21 and a beta of 1.81.

Las Vegas Sands Corp. had a return on equity of 29.91% and a net margin of 16.66%. Las Vegas Sands Corp.'s dividend payout ratio is 113.18%. (NYSE:LVS) last released its quarterly earnings data on Wednesday, July 26th. The casino operator reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.59 by $0.14. Las Vegas Sands Corp. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.01 billion. Next quarter's EPS is forecasted to be $0.68 and the next full year EPS is anticipated to be $2.82. The company's revenue was up 18.5% compared to the same quarter a year ago. On average, equities research analysts predict that Las Vegas Sands Corp. will post $2.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.85%. Las Vegas Sands Corp.'s dividend payout ratio (DPR) is now 113.18%. (NYSE:LVS). J Goldman Ltd Partnership has invested 0.11% in Las Vegas Sands Corp. "(NYSE:LVS) Stock Rating Reaffirmed by Stifel Nicolaus" was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and worldwide trademark & copyright laws.

A number of institutional investors have recently made changes to their positions in LVS. Finally, Telsey Advisory Group increased their price target on Las Vegas Sands Corp. from $58.00 to $62.00 and gave the company a "market perform" rating in a research note on Thursday, April 27th. Las Vegas Sands had 45 analyst reports since July 23, 2015 according to SRatingsIntel. Bank of America Corporation reissued a "buy" rating and set a $67.00 target price (up from $65.00) on shares of Las Vegas Sands Corp.in a research note on Friday, July 21st. Aegis restated a "buy" rating and set a $60.00 price target (up previously from $59.00) on shares of Las Vegas Sands Corp.in a report on Sunday, April 23rd. Wells Fargo & Company reaffirmed a "neutral" rating on shares of Las Vegas Sands Corp.in a research report on Tuesday, July 4th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Las Vegas Sands Corp. now has an average rating of "Buy" and a consensus target price of $63.10.

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.

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