Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $30.18 and last traded at $30.51, with a volume of 11540269 shares changing hands. The stock had previously closed at $32.10.
Analyst Ratings Changes
Several analysts have commented on the stock. Morgan Stanley lowered their target price on shares of Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Barclays dropped their target price on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft reduced their target price on Las Vegas Sands from $66.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their price objective on shares of Las Vegas Sands from $60.00 to $59.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. dropped 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. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.42.
Read Our Latest Stock Report on Las Vegas Sands
Las Vegas Sands Trading Down 0.2 %
The business's 50-day moving average is $41.09 and its two-hundred day moving average is $47.10. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The stock has a market capitalization of $22.64 billion, a PE ratio of 16.26, a PEG ratio of 1.41 and a beta of 0.99.
Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its earnings results 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%. On average, analysts predict that Las Vegas Sands Corp. will post 2.6 earnings per share for the current year.
Las Vegas Sands Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This is an increase from Las Vegas Sands's previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 3.12%. Las Vegas Sands's dividend payout ratio (DPR) is 50.76%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in Las Vegas Sands during the 3rd quarter worth $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Las Vegas Sands during the fourth quarter worth about $26,000. UMB Bank n.a. lifted 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 in the last quarter. Optiver Holding B.V. purchased a new position in Las Vegas Sands in the fourth quarter valued at about $32,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Las Vegas Sands during the 4th quarter valued at approximately $36,000. 39.16% of the stock is owned by institutional investors and hedge funds.
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.
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