Las Vegas Sands Corp. (NYSE:LVS - Get Free Report) traded up 5.5% during mid-day trading on Monday . The company traded as high as $47.63 and last traded at $47.18. 1,701,593 shares were traded during mid-day trading, a decline of 70% from the average session volume of 5,629,264 shares. The stock had previously closed at $44.71.
Analysts Set New Price Targets
Several equities research analysts have recently commented on LVS shares. Citigroup lifted their price objective on shares of Las Vegas Sands from $64.50 to $67.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Barclays dropped their target price on Las Vegas Sands from $61.00 to $58.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut 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 report on Wednesday, January 29th. Morgan Stanley decreased their price target on shares of Las Vegas Sands from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Las Vegas Sands presently has an average rating of "Moderate Buy" and a consensus target price of $59.42.
Get Our Latest Report on Las Vegas Sands
Las Vegas Sands Price Performance
The stock has a market capitalization of $32.47 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 1.41 and a beta of 1.07. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 0.74. The company has a 50 day moving average of $45.47 and a 200 day moving average of $47.41.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, equities research analysts anticipate that Las Vegas Sands Corp. will post 2.6 EPS for the current year.
Las Vegas Sands Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.21%. This is an increase from Las Vegas Sands's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 10th. Las Vegas Sands's payout ratio is 50.76%.
Institutional Trading of Las Vegas Sands
A number of institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. boosted its position in shares of Las Vegas Sands by 97.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 89,743 shares of the casino operator's stock valued at $4,518,000 after purchasing an additional 44,223 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Las Vegas Sands by 32.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,948 shares of the casino operator's stock valued at $1,707,000 after purchasing an additional 8,032 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Las Vegas Sands by 1.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,627,422 shares of the casino operator's stock valued at $283,284,000 after purchasing an additional 77,807 shares during the period. ARGA Investment Management LP boosted its position in shares of Las Vegas Sands by 32.0% in the 4th quarter. ARGA Investment Management LP now owns 6,501,382 shares of the casino operator's stock valued at $333,911,000 after purchasing an additional 1,577,042 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Las Vegas Sands by 33.3% in the 3rd quarter. Principal Financial Group Inc. now owns 548,072 shares of the casino operator's stock valued at $27,590,000 after purchasing an additional 136,859 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.
About Las Vegas Sands
(
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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