Analyst Recommendations And Revisions: Las Vegas Sands Corp. (LVS)

Marco Green
November 15, 2017

Finally, from a technical perspective, there's a strong possibility that the stock could enter into a new bull market after finding strong support between $66.93 and $67.17.

Other hedge funds also recently added to or reduced their stakes in the company. Andra AP fonden now owns 60,200 shares of the casino operator's stock valued at $3,862,000 after buying an additional 13,000 shares during the last quarter.

As of quarter end Td Asset Management Inc had bought a total of 26 shares growing its position 0.6%. The company shares sank -1.7% from their peak of $ 68.41 and now has a $53.18 billion market value of equity. More interesting news about Las Vegas Sands Corp. Northern Cross LLC now owns 40,482,778 shares of the casino operator's stock worth $2,343,143,000 after buying an additional 1,428,811 shares during the period. Wagner Bowman Management Corp lifted its position in shares of Las Vegas Sands Corp.by 1.1% in the second quarter. AQR Capital Management LLC now owns 1,653,159 shares of the casino operator's stock worth $71,896,000 after buying an additional 1,336,611 shares during the period. Ing Groep Nv stated it has 0.02% in Las Vegas Sands Corp. 290.72 million shares or 1.52% less from 295.21 million shares in 2017Q1 were reported. Las Vegas Sands Corp. (NYSE:LVS) traded up 0.20% during trading on Wednesday, reaching $56.10. The stock traded on unusually knocked down volume of 1.86 Million comparing to the average volume of 2734.75 shares, completing picture of exact trends with uncompleted dots in volume over the norm. The company has a market capitalization of $52,860.00, a PE ratio of 24.25 and a beta of 1.78. When looking at the past five sessions, the stock returned -8.8% losses and is up by 14.18% compared with its 200-day moving average of $37.98.

As regular trading ended, Las Vegas Sands Corp. (NYSE:LVS)'s Return on Assets (ROA) is at 10.50%. The casino operator reported $0.77 EPS for the quarter, topping the consensus estimate of $0.67 by $0.10. The firm had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $3.14 billion. They expect $0.75 EPS, up 20.97% or $0.13 from last year's $0.62 per share. The business's revenue for the quarter was up 7.7% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be issued a dividend of $0.73 per share. The ex-dividend date was Monday, December 19th. This represents a $2.92 annualized dividend and a yield of 4.34%. Las Vegas Sands Corp.'s dividend payout ratio is now 140.49%. The firm has "Hold" rating by Standpoint Research given on Thursday, March 17. The company has an average rating of "Buy" and a consensus price target of $65.31. Goldman Sachs Group, Inc. Zacks' sales averages are an average based on a survey of research analysts that follow Las Vegas Sands Corp.

The price target set for the Corning Incorporated (GLW) is $31.21 and this sets up an interesting set of potential movement for the stock. (NYSE:LVS). Moreover, California Employees Retirement has 0.1% invested in Las Vegas Sands Corp. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best.

The P/E of Las Vegas Sands Corp.is now valued at 25.41 allowing its investors to analyze the company's stock valuation and its shares relative to the income of the company that it makes. Morgan Stanley upgraded Las Vegas Sands Corp. from an "equal weight" rating to an "overweight" rating and set a $65.00 target price for the company in a research note on Monday, November 6th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Telsey Advisory Group maintained the shares of LVS in report on Friday, November 4 with "Market Perform" rating.

Capital International Inc increased its stake in Jpmorgan Chase And Co (JPM) by 27.34% based on its latest 2017Q2 regulatory filing with the SEC. Company insiders own 10.10% of the company's stock.

About Las Vegas Sands Corp.

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. (LVS) has been put into a neutral territory, but there are few other spots to consider.

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