Las Vegas Sands (NYSE:LVS) Price Target Increased to $57.00 by Analysts at Mizuho

Las Vegas Sands (NYSE:LVS) had its target price hoisted by Mizuho from $52.00 to $57.00 in a research report report published on Thursday, Benzinga reports. They currently have an outperform rating on the casino operator’s stock.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus cut their target price on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Jefferies Financial Group cut their price objective on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Wells Fargo & Company raised their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, UBS Group cut shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $49.00 in a research report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.92.

Las Vegas Sands Price Performance

Shares of NYSE LVS opened at $52.76 on Thursday. The firm has a 50-day moving average of $45.43 and a two-hundred day moving average of $44.35. The company has a market capitalization of $39.31 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 1.49 and a beta of 1.12. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. Las Vegas Sands has a twelve month low of $36.62 and a twelve month high of $55.65.

Las Vegas Sands (NYSE:LVS) last issued its earnings results on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 earnings per share. As a group, analysts expect that Las Vegas Sands will post 2.45 earnings per share for the current fiscal year.

Las Vegas Sands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Tuesday, November 5th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.52%. The ex-dividend date is Monday, November 4th. Las Vegas Sands’s payout ratio is currently 38.65%.

Institutional Investors Weigh In On Las Vegas Sands

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Las Vegas Sands by 0.6% in the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after buying an additional 209,589 shares during the last quarter. Nordea Investment Management AB boosted its position in Las Vegas Sands by 27.6% during the first quarter. Nordea Investment Management AB now owns 891,796 shares of the casino operator’s stock worth $46,124,000 after purchasing an additional 193,110 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of Las Vegas Sands by 7.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 211,320 shares of the casino operator’s stock valued at $10,929,000 after purchasing an additional 15,216 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Las Vegas Sands by 2.0% in the first quarter. Clearbridge Investments LLC now owns 641,682 shares of the casino operator’s stock worth $33,175,000 after buying an additional 12,500 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Las Vegas Sands by 7,647.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 443,325 shares of the casino operator’s stock worth $19,617,000 after buying an additional 437,603 shares during the period. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Company Profile

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.