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

Key Points

• Susquehanna increased its price target for Las Vegas Sands from $62.00 to $63.00, indicating a potential upside of 25.32% from the current stock price.
• Several analysts have issued positive ratings, with JPMorgan Chase & Co. upgrading their rating from "neutral" to "overweight" and adjusting their target price to $60.00.
• Las Vegas Sands reported a quarterly EPS of $0.79, surpassing consensus estimates of $0.53, and had a revenue of $3.18 billion, up 15% year-over-year.

Las Vegas Sands (NYSE:LVS - Get Free Report) had its target price upped by equities research analysts at Susquehanna from $62.00 to $63.00 in a report issued on Wednesday, Marketbeat reports. The firm currently has a "positive" rating on the casino operator's stock. Susquehanna's price target would indicate a potential upside of 25.32% from the stock's current price.

A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised Las Vegas Sands from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $56.00 to $60.00 in a report on Thursday, October 16th. Argus raised their price target on Las Vegas Sands from $60.00 to $65.00 in a report on Tuesday, September 23rd. The Goldman Sachs Group dropped their price target on Las Vegas Sands from $59.00 to $58.00 and set a "neutral" rating for the company in a report on Wednesday, October 1st. Citigroup reaffirmed a "buy" rating on shares of Las Vegas Sands in a report on Wednesday, July 9th. Finally, Mizuho lifted their target price on Las Vegas Sands from $47.00 to $56.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Las Vegas Sands currently has an average rating of "Moderate Buy" and an average target price of $60.80.

Las Vegas Sands Stock Performance

Shares of LVS stock traded down $0.35 during mid-day trading on Wednesday, reaching $50.27. The stock had a trading volume of 275,809 shares, compared to its average volume of 5,567,527. The firm's 50 day simple moving average is $53.31 and its 200 day simple moving average is $46.34. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 6.53. Las Vegas Sands has a one year low of $30.18 and a one year high of $58.05. The firm has a market cap of $34.51 billion, a PE ratio of 25.33, a P/E/G ratio of 1.81 and a beta of 1.01.

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, topping analysts' consensus estimates of $0.53 by $0.26. Las Vegas Sands had a return on equity of 55.37% and a net margin of 12.16%.The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the company earned $0.55 EPS. The company's quarterly revenue was up 15.0% on a year-over-year basis. On average, analysts forecast that Las Vegas Sands will post 2.6 EPS for the current year.

Institutional Trading of Las Vegas Sands

A number of institutional investors have recently modified their holdings of LVS. State of Alaska Department of Revenue lifted its holdings in shares of Las Vegas Sands by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 40,250 shares of the casino operator's stock valued at $1,554,000 after purchasing an additional 570 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Las Vegas Sands in the first quarter valued at about $391,000. Oppenheimer & Co. Inc. increased its position in shares of Las Vegas Sands by 54.5% in the first quarter. Oppenheimer & Co. Inc. now owns 10,047 shares of the casino operator's stock valued at $388,000 after acquiring an additional 3,542 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Las Vegas Sands by 8.9% in the first quarter. Asset Management One Co. Ltd. now owns 150,120 shares of the casino operator's stock valued at $5,799,000 after acquiring an additional 12,251 shares during the last quarter. Finally, Penn Davis Mcfarland Inc. increased its position in shares of Las Vegas Sands by 2.3% in the first quarter. Penn Davis Mcfarland Inc. now owns 413,071 shares of the casino operator's stock valued at $15,957,000 after acquiring an additional 9,414 shares during the last quarter. 39.16% of the stock is currently 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.

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