Las Vegas Sands (NYSE:LVS) Price Target Increased to $59.00 by Analysts at Susquehanna

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

Several other research analysts also recently weighed in on LVS. UBS Group downgraded shares of Las Vegas Sands from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $49.00 in a research report on Friday, August 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their target price on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Barclays decreased their target price on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Macquarie dropped their price target on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average price target of $56.92.

Las Vegas Sands Price Performance

NYSE:LVS opened at $51.68 on Wednesday. The business’s 50-day moving average price is $43.72 and its 200 day moving average price is $44.46. The firm has a market cap of $38.50 billion, a P/E ratio of 24.97, a PEG ratio of 1.48 and a beta of 1.12. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 3.29. Las Vegas Sands has a 52-week low of $36.62 and a 52-week high of $55.65.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 44.41%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share. As a group, sell-side analysts predict that Las Vegas Sands will post 2.45 earnings per share for the current fiscal 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 given 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%.

Institutional Trading of Las Vegas Sands

Several large investors have recently added to or reduced their stakes in LVS. Vanguard Group Inc. boosted 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 purchasing an additional 209,589 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Las Vegas Sands by 27.6% in the 1st quarter. Nordea Investment Management AB now owns 891,796 shares of the casino operator’s stock valued at $46,124,000 after acquiring an additional 193,110 shares in the last quarter. ARGA Investment Management LP lifted its holdings in Las Vegas Sands by 6.4% in the 1st quarter. ARGA Investment Management LP now owns 3,308,987 shares of the casino operator’s stock worth $171,075,000 after purchasing an additional 198,413 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Las Vegas Sands by 7.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 211,320 shares of the casino operator’s stock worth $10,929,000 after purchasing an additional 15,216 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in Las Vegas Sands by 2.0% during the first quarter. Clearbridge Investments LLC now owns 641,682 shares of the casino operator’s stock valued at $33,175,000 after purchasing an additional 12,500 shares during the last quarter. 39.16% of the stock is owned by institutional investors.

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.