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

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

A number of other brokerages have also issued reports on LVS. Morgan Stanley raised their target price on Las Vegas Sands from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective 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. JPMorgan Chase & Co. 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 15th. Argus cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, 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. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.92.

Las Vegas Sands Stock Up 2.4 %

Shares of LVS traded up $1.28 during trading hours on Thursday, hitting $53.75. The company had a trading volume of 676,128 shares, compared to its average volume of 5,749,921. Las Vegas Sands has a one year low of $36.62 and a one year high of $55.65. The company’s fifty day moving average price is $44.94 and its two-hundred day moving average price is $44.40. The company has a market capitalization of $40.05 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.48 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 (NYSE:LVS) last released its quarterly 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). 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 the consensus estimate of $2.79 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities analysts forecast that Las Vegas Sands will post 2.45 earnings per share for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.49%. Las Vegas Sands’s dividend payout ratio is presently 38.65%.

Institutional Trading of Las Vegas Sands

A number of large investors have recently modified their holdings of LVS. GAMMA Investing LLC raised its holdings in Las Vegas Sands by 40.1% in the third quarter. GAMMA Investing LLC now owns 849 shares of the casino operator’s stock valued at $43,000 after acquiring an additional 243 shares in the last quarter. Signaturefd LLC raised its stake in Las Vegas Sands by 7.8% in the third quarter. Signaturefd LLC now owns 3,510 shares of the casino operator’s stock valued at $177,000 after buying an additional 253 shares in the last quarter. Waldron Private Wealth LLC lifted its holdings in Las Vegas Sands by 2.2% during the 3rd quarter. Waldron Private Wealth LLC now owns 12,466 shares of the casino operator’s stock worth $628,000 after buying an additional 268 shares during the last quarter. CVA Family Office LLC boosted its position in shares of Las Vegas Sands by 118.8% during the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after acquiring an additional 304 shares in the last quarter. Finally, Western Pacific Wealth Management LP raised its position in shares of Las Vegas Sands by 53.5% during the 1st quarter. Western Pacific Wealth Management LP now owns 970 shares of the casino operator’s stock worth $50,000 after acquiring an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 39.16% of the company’s stock.

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.