Susquehanna Increases Las Vegas Sands (NYSE:LVS) Price Target to $59.00

Las Vegas Sands (NYSE:LVS) had its price target lifted by Susquehanna from $51.00 to $59.00 in a report published on Wednesday, Benzinga reports. Susquehanna currently has a positive rating on the casino operator’s stock.

A number of other brokerages have also commented on LVS. Jefferies Financial Group cut their price objective on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Wells Fargo & Company boosted their target price on shares of Las Vegas Sands from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. raised 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. Finally, Stifel Nicolaus lowered their price target on shares of Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.92.

Las Vegas Sands Price Performance

Shares of NYSE:LVS opened at $51.68 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. The business has a 50 day moving average price of $43.72 and a 200 day moving average price of $44.46. The company has a market cap of $38.50 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.48 and a beta of 1.12. 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 announced its quarterly earnings data on Wednesday, July 24th. The casino operator reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. Research analysts predict that Las Vegas Sands will post 2.45 earnings per share for the current year.

Las Vegas Sands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.55%. The ex-dividend date was Tuesday, August 6th. Las Vegas Sands’s payout ratio is presently 38.65%.

Hedge Funds Weigh In On Las Vegas Sands

Institutional investors have recently modified their holdings of the business. CVA Family Office LLC raised its holdings in shares of Las Vegas Sands by 118.8% during the third quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after acquiring an additional 304 shares during the period. Bank & Trust Co acquired a new stake in Las Vegas Sands in the 2nd quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Las Vegas Sands by 93.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 906 shares of the casino operator’s stock valued at $40,000 after buying an additional 437 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in Las Vegas Sands during the 1st quarter valued at $43,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Las Vegas Sands by 40.1% during the 3rd quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock worth $43,000 after buying an additional 243 shares during the period. Institutional investors own 39.16% of the company’s stock.

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.