Las Vegas Sands (NYSE:LVS - Get Free Report) had its price target raised by investment analysts at Mizuho from $47.00 to $56.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the casino operator's stock. Mizuho's price objective would indicate a potential upside of 10.18% from the company's previous close.
A number of other research analysts have also recently weighed in on the company. Barclays lifted their target price on Las Vegas Sands from $57.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday. Morgan Stanley lifted their target price on Las Vegas Sands from $45.00 to $47.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. UBS Group lifted their target price on Las Vegas Sands from $43.00 to $48.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Citigroup reiterated a "buy" rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Finally, Macquarie reduced their target price on Las Vegas Sands from $58.00 to $52.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Las Vegas Sands presently has a consensus rating of "Moderate Buy" and an average price target of $57.07.
Read Our Latest Research Report on Las Vegas Sands
Las Vegas Sands Trading Up 4.4%
Shares of NYSE:LVS traded up $2.14 during midday trading on Thursday, reaching $50.83. The company's stock had a trading volume of 10,082,519 shares, compared to its average volume of 5,808,343. The firm has a market cap of $35.91 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. Las Vegas Sands has a 1 year low of $30.18 and a 1 year high of $56.60. The business has a 50 day moving average price of $44.10 and a 200 day moving average price of $42.12.
Las Vegas Sands (NYSE:LVS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The casino operator reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.26. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. Las Vegas Sands had a return on equity of 44.91% and a net margin of 11.64%. The business's revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. Research analysts forecast that Las Vegas Sands will post 2.6 EPS for the current year.
Las Vegas Sands announced that its Board of Directors has authorized a stock buyback plan on Wednesday, April 23rd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the casino operator to repurchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.
Institutional Trading of Las Vegas Sands
Several hedge funds and other institutional investors have recently bought and sold shares of LVS. MassMutual Private Wealth & Trust FSB raised its stake in Las Vegas Sands by 37.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 876 shares of the casino operator's stock valued at $38,000 after purchasing an additional 239 shares during the period. RiverFront Investment Group LLC raised its stake in Las Vegas Sands by 2.6% during the 4th quarter. RiverFront Investment Group LLC now owns 10,257 shares of the casino operator's stock valued at $527,000 after purchasing an additional 257 shares during the period. MGO One Seven LLC raised its stake in Las Vegas Sands by 5.3% during the 4th quarter. MGO One Seven LLC now owns 7,773 shares of the casino operator's stock valued at $399,000 after purchasing an additional 388 shares during the period. Huntington National Bank raised its stake in Las Vegas Sands by 64.1% during the 4th quarter. Huntington National Bank now owns 1,142 shares of the casino operator's stock valued at $59,000 after purchasing an additional 446 shares during the period. Finally, Aviva PLC raised its stake in Las Vegas Sands by 1.3% during the 4th quarter. Aviva PLC now owns 35,623 shares of the casino operator's stock valued at $1,830,000 after purchasing an additional 457 shares during the period. 39.16% of the stock is owned by institutional investors.
Las Vegas Sands Company Profile
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Get Free Report)
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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