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

Las Vegas Sands (NYSE:LVS) had its target price lifted by equities research analysts at Mizuho from $52.00 to $57.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the casino operator’s stock. Mizuho’s target price would suggest a potential upside of 11.68% from the company’s previous close.

A number of other brokerages also recently issued reports on LVS. Susquehanna upped their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. Jefferies Financial Group lowered their price objective on 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. Stifel Nicolaus dropped their price objective 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. Wells Fargo & Company lifted their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Finally, Barclays boosted their price objective on Las Vegas Sands from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.17.

Las Vegas Sands Price Performance

Las Vegas Sands stock opened at $51.04 on Thursday. Las Vegas Sands has a 12 month low of $36.62 and a 12 month high of $55.65. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 3.29. The company has a market capitalization of $38.03 billion, a PE ratio of 24.66, a P/E/G ratio of 1.48 and a beta of 1.12. The stock has a 50-day moving average price of $44.94 and a two-hundred day moving average price of $44.40.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The business had revenue of $2.68 billion during 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 business’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $0.55 earnings per share. Analysts expect that Las Vegas Sands will post 2.45 EPS for the current year.

Hedge Funds Weigh In On Las Vegas Sands

Several institutional investors have recently added to or reduced their stakes in the stock. Forsta AP Fonden grew its holdings in shares of Las Vegas Sands by 9.0% during the third quarter. Forsta AP Fonden now owns 205,500 shares of the casino operator’s stock worth $10,345,000 after buying an additional 17,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Las Vegas Sands by 42.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,916 shares of the casino operator’s stock worth $1,274,000 after buying an additional 7,423 shares in the last quarter. Osborne Partners Capital Management LLC lifted its stake in Las Vegas Sands by 5.4% during the third quarter. Osborne Partners Capital Management LLC now owns 103,041 shares of the casino operator’s stock valued at $5,187,000 after purchasing an additional 5,321 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of Las Vegas Sands in the 3rd quarter valued at about $1,391,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Las Vegas Sands during the 3rd quarter worth about $236,000. Institutional investors and hedge funds 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.