Las Vegas Sands Corp. (NYSE:LVS) Rating Reiterated by Bank of America Corp

Bank of America Corp reissued their buy rating on shares of Las Vegas Sands Corp. (NYSE:LVS) in a research note issued to investors on Friday, July 21st. Bank of America Corp currently has a $67.00 target price on the casino operator’s stock, up from their previous target price of $65.00.

LVS has been the topic of several other research reports. UBS AG reaffirmed a neutral rating on shares of Las Vegas Sands Corp. in a research report on Tuesday, April 11th. Stifel Nicolaus reaffirmed a buy rating and issued a $70.00 target price (up previously from $66.00) on shares of Las Vegas Sands Corp. in a research report on Tuesday, July 18th. CLSA reaffirmed a buy rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, July 5th. Instinet reaffirmed a neutral rating on shares of Las Vegas Sands Corp. in a research report on Monday, July 17th. Finally, Vetr downgraded Las Vegas Sands Corp. from a buy rating to a hold rating and set a $61.32 target price on the stock. in a research report on Wednesday, April 26th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $62.65.

Las Vegas Sands Corp. (NYSE LVS) traded down 0.62% during mid-day trading on Friday, reaching $61.23. The company’s stock had a trading volume of 3,092,188 shares. The company has a 50 day moving average of $63.14 and a 200-day moving average of $58.02. The stock has a market cap of $48.49 billion, a PE ratio of 23.82 and a beta of 1.81. Las Vegas Sands Corp. has a 52-week low of $49.09 and a 52-week high of $66.22.

Las Vegas Sands Corp. (NYSE:LVS) last announced its quarterly earnings results on Wednesday, July 26th. The casino operator reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.14. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.01 billion. Las Vegas Sands Corp. had a return on equity of 29.31% and a net margin of 16.66%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. Equities analysts forecast that Las Vegas Sands Corp. will post $2.67 earnings per share for the current year.

The company also recently declared 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 is Wednesday, September 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.77%. Las Vegas Sands Corp.’s dividend payout ratio (DPR) is currently 113.18%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LVS. Dimensional Fund Advisors LP raised its position in Las Vegas Sands Corp. by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 732,159 shares of the casino operator’s stock worth $39,109,000 after buying an additional 8,827 shares during the period. Ameriprise Financial Inc. raised its position in Las Vegas Sands Corp. by 55.9% in the first quarter. Ameriprise Financial Inc. now owns 2,418,814 shares of the casino operator’s stock worth $138,022,000 after buying an additional 867,643 shares during the period. United Services Automobile Association raised its position in Las Vegas Sands Corp. by 27.5% in the first quarter. United Services Automobile Association now owns 594,863 shares of the casino operator’s stock worth $33,949,000 after buying an additional 128,315 shares during the period. Knights of Columbus Asset Advisors LLC purchased a new position in Las Vegas Sands Corp. during the first quarter worth approximately $1,039,000. Finally, Kings Point Capital Management raised its position in Las Vegas Sands Corp. by 50.0% in the first quarter. Kings Point Capital Management now owns 84,758 shares of the casino operator’s stock worth $4,837,000 after buying an additional 28,266 shares during the period. Hedge funds and other institutional investors own 38.31% of the company’s stock.

About Las Vegas Sands Corp.

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. The Company owns and operates integrated resorts in Asia and the United States.