Las Vegas Sands (NYSE:LVS) Price Target Raised to $63.00

Key Points

• Las Vegas Sands' price target has been raised by Mizuho from $56.00 to $63.00, indicating a potential upside of 24.62% from its current price.
• The company reported $0.78 EPS for the quarter, exceeding analysts' expectations of $0.62 and showing a revenue increase of 24.2% year-over-year.
• Currently, Las Vegas Sands has a consensus target price of $61.27, with a mix of ratings from analysts, including two Strong Buy, eleven Buy, and five Hold ratings.

Las Vegas Sands (NYSE:LVS - Get Free Report) had its price objective upped by equities researchers at Mizuho from $56.00 to $63.00 in a report released on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the casino operator's stock. Mizuho's price target suggests a potential upside of 24.62% from the company's current price.

Other equities analysts have also recently issued reports about the stock. Argus upped their price objective on shares of Las Vegas Sands from $60.00 to $65.00 in a research report on Tuesday, September 23rd. Zacks Research raised shares of Las Vegas Sands from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 10th. Morgan Stanley raised their price target on shares of Las Vegas Sands from $50.00 to $57.00 and gave the company an "equal weight" rating in a research note on Thursday, September 11th. Barclays raised their price target on shares of Las Vegas Sands from $57.00 to $58.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Bank of America raised their price target on shares of Las Vegas Sands from $52.50 to $58.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.27.

Las Vegas Sands Price Performance

LVS stock opened at $50.55 on Thursday. The company has a 50 day simple moving average of $53.23 and a 200 day simple moving average of $46.37. The stock has a market cap of $34.70 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 1.82 and a beta of 1.01. Las Vegas Sands has a 1 year low of $30.18 and a 1 year high of $58.05. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.22 and a quick ratio of 1.21.

Las Vegas Sands (NYSE:LVS - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The casino operator reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.16. The business had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $3.04 billion. Las Vegas Sands had a net margin of 12.16% and a return on equity of 55.37%. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. Research analysts anticipate that Las Vegas Sands will post 2.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Las Vegas Sands

Several large investors have recently modified their holdings of the company. Kercheville Advisors LLC acquired a new stake in shares of Las Vegas Sands during the third quarter worth $1,190,000. SteelPeak Wealth LLC acquired a new stake in shares of Las Vegas Sands during the third quarter worth $275,000. Mather Group LLC. bought a new position in Las Vegas Sands during the third quarter worth $244,000. Merit Financial Group LLC boosted its stake in Las Vegas Sands by 33.6% during the third quarter. Merit Financial Group LLC now owns 17,071 shares of the casino operator's stock worth $918,000 after acquiring an additional 4,294 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Las Vegas Sands during the third quarter worth $608,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

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.

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