Las Vegas Sands Corp. (NYSE:LVS) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued on Monday. They currently have a $55.63 price target on the casino operator’s stock. Vetr‘s price target would suggest a potential downside of 3.02% from the stock’s current price.

LVS has been the subject of several other research reports. Wells Fargo & Co reissued a “market perform” rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, January 25th. Citigroup Inc reissued a “buy” rating on shares of Las Vegas Sands Corp. in a research report on Wednesday, November 30th. Aegis began coverage on Las Vegas Sands Corp. in a research report on Thursday, December 22nd. They set a “buy” rating and a $60.00 price target for the company. Sanford C. Bernstein reissued a “market perform” rating on shares of Las Vegas Sands Corp. in a research report on Thursday, January 19th. Finally, Stifel Nicolaus dropped their price target on Las Vegas Sands Corp. from $66.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, January 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $58.98.

Analyst Recommendations for Las Vegas Sands Corp. (NYSE:LVS)

Shares of Las Vegas Sands Corp. (NYSE:LVS) traded up 0.33% during mid-day trading on Monday, hitting $57.36. The company had a trading volume of 5,675,523 shares. The firm has a market capitalization of $45.59 billion, a P/E ratio of 27.31 and a beta of 1.91. The firm has a 50-day moving average price of $53.34 and a 200 day moving average price of $56.29. Las Vegas Sands Corp. has a 12 month low of $41.45 and a 12 month high of $63.38.

Las Vegas Sands Corp. (NYSE:LVS) last released its quarterly earnings results on Wednesday, January 25th. The casino operator reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.66 by $0.04. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Las Vegas Sands Corp. had a return on equity of 23.75% and a net margin of 14.64%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. On average, equities research analysts forecast that Las Vegas Sands Corp. will post $2.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, March 23rd will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Tuesday, March 21st. This is an increase from Las Vegas Sands Corp.’s previous quarterly dividend of $0.72. Las Vegas Sands Corp.’s payout ratio is 137.14%.

Your IP Address:

A number of large investors have recently bought and sold shares of LVS. Northern Cross LLC increased its stake in Las Vegas Sands Corp. by 3.7% in the third quarter. 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. Price T Rowe Associates Inc. MD increased its stake in Las Vegas Sands Corp. by 46.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 33,515,789 shares of the casino operator’s stock worth $1,928,498,000 after buying an additional 10,608,737 shares during the period. Capital Research Global Investors increased its stake in Las Vegas Sands Corp. by 13.6% in the third quarter. Capital Research Global Investors now owns 28,783,856 shares of the casino operator’s stock worth $1,656,223,000 after buying an additional 3,455,762 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Las Vegas Sands Corp. by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 8,929,696 shares of the casino operator’s stock worth $513,815,000 after buying an additional 72,193 shares during the period. Finally, Vontobel Asset Management Inc. increased its stake in Las Vegas Sands Corp. by 29.9% in the third quarter. Vontobel Asset Management Inc. now owns 6,233,310 shares of the casino operator’s stock worth $363,695,000 after buying an additional 1,434,774 shares during the period. 40.16% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:LVS

To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for Las Vegas Sands Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands Corp. and related companies with MarketBeat.com's FREE daily email newsletter.