Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $36.33 and last traded at $36.43, with a volume of 1192358 shares trading hands. The stock had previously closed at $39.04.
Analyst Ratings Changes
A number of research firms have recently commented on LVS. Jefferies Financial Group upgraded Las Vegas Sands from a "hold" rating to a "buy" rating and upped their price objective for the stock from $60.00 to $69.00 in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company lowered their price target on Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Finally, Macquarie increased their price objective on shares of Las Vegas Sands from $57.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Las Vegas Sands currently has an average rating of "Moderate Buy" and an average target price of $59.42.
Get Our Latest Stock Report on LVS
Las Vegas Sands Stock Performance
The firm's 50-day moving average price is $42.65 and its two-hundred day moving average price is $47.64. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $22.33 billion, a PE ratio of 15.76, a P/E/G ratio of 1.41 and a beta of 0.99.
Las Vegas Sands (NYSE:LVS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The casino operator reported $0.54 earnings per share 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, research analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current fiscal year.
Las Vegas Sands Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Las Vegas Sands's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 3.21%. Las Vegas Sands's dividend payout ratio (DPR) is presently 50.76%.
Hedge Funds Weigh In On Las Vegas Sands
A number of large investors have recently made changes to their positions in LVS. Bank of Jackson Hole Trust purchased a new position in Las Vegas Sands during the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Las Vegas Sands during the 3rd quarter valued at $26,000. UMB Bank n.a. increased its stake in shares of Las Vegas Sands by 73.5% in the fourth quarter. UMB Bank n.a. now owns 583 shares of the casino operator's stock worth $30,000 after acquiring an additional 247 shares during the last quarter. Optiver Holding B.V. purchased a new stake in shares of Las Vegas Sands during the fourth quarter worth $32,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Las Vegas Sands during the fourth quarter valued at $36,000. Institutional investors and hedge funds own 39.16% of the company's stock.
Las Vegas Sands Company Profile
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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
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