http://www.americanbankingnews.com/getthestreet reaffirmed their buy rating on shares of Las Vegas Sands (NYSE: LVS) in a report issued on Friday.
“Las Vegas Sands (LVS) has been reiterated by TheStreet Ratings as a buy with a ratings score of A . The company’s strengths can be seen in multiple areas, such as its robust revenue growth and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
,” TheStreet’s analyst wrote.
Shares of Las Vegas Sands traded down 0.73% during mid-day trading on Friday, hitting $52.4645. Las Vegas Sands has a 52 week low of $34.72 and a 52 week high of $62.09. The stock’s 50-day moving average is currently $52.49. The company has a market cap of $43.188 billion and a P/E ratio of 28.57.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Stockholders of record on Thursday, March 21st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Tuesday, March 19th. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.25.
Several other analysts have also recently commented on the stock. Analysts at Argus upgraded shares of Las Vegas Sands from a hold rating to a buy rating in a research note to investors on Tuesday, February 12th. They now have a $66.00 price target on the stock. Separately, analysts at Morgan Stanley raised their EPS on shares of Las Vegas Sands in a research note to investors on Monday, February 4th. They now have an overweight rating and a $60.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Las Vegas Sands in a research note to investors on Friday, February 1st. They now have a $58.00 price target on the stock.
Twenty-one equities research analysts have rated the stock with a buy rating, two have issued an overweight rating, and six have issued a hold rating to the stock. The stock currently has an average rating of – and a consensus target price of $59.48.
Las Vegas Sands Corp. (LVSC) is a global developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.
To view TheStreet’s full report, visit www.thestreetratings.com
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