Las Vegas Sands (NYSE:LVS) PT Raised to $57.00 at Mizuho

Las Vegas Sands (NYSE:LVS) had its price target increased by equities researchers at Mizuho from $52.00 to $57.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the casino operator’s stock. Mizuho’s target price suggests a potential upside of 8.04% from the company’s previous close.

LVS has been the topic of a number of other reports. Jefferies Financial Group reduced their target price on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Wells Fargo & Company lifted their target price on Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Barclays raised their price target on Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Susquehanna boosted their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 16th. Finally, Argus lowered shares of Las Vegas Sands from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.92.

Las Vegas Sands Stock Up 0.6 %

Shares of NYSE:LVS opened at $52.76 on Thursday. The company’s fifty day moving average is $45.18 and its 200-day moving average is $44.45. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57 and a current ratio of 1.58. Las Vegas Sands has a 52 week low of $36.62 and a 52 week high of $55.65. The company has a market capitalization of $39.31 billion, a PE ratio of 25.49, a P/E/G ratio of 1.49 and a beta of 1.12.

Las Vegas Sands (NYSE:LVS) last released its quarterly earnings results on Wednesday, October 23rd. The casino operator reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the firm earned $0.55 earnings per share. Las Vegas Sands’s quarterly revenue was down 4.0% on a year-over-year basis. Equities research analysts predict that Las Vegas Sands will post 2.45 earnings per share for the current fiscal year.

Institutional Trading of Las Vegas Sands

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CVA Family Office LLC grew its holdings in shares of Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock valued at $28,000 after acquiring an additional 304 shares in the last quarter. Bank & Trust Co bought a new position in shares of Las Vegas Sands in the 2nd quarter valued at about $29,000. Fidelis Capital Partners LLC acquired a new position in shares of Las Vegas Sands during the 1st quarter worth about $43,000. GAMMA Investing LLC raised its holdings in shares of Las Vegas Sands by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after purchasing an additional 243 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Las Vegas Sands by 93.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after purchasing an additional 437 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

About Las Vegas Sands

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.