Mizuho Cuts Las Vegas Sands (NYSE:LVS) Price Target to $65.00

Las Vegas Sands (NYSE:LVS) had its target price decreased by investment analysts at Mizuho from $70.00 to $65.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the casino operator’s stock. Mizuho’s price target suggests a potential upside of 42.98% from the company’s current price.

A number of other research firms have also recently commented on LVS. Morgan Stanley lifted their price objective on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday. StockNews.com raised shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Wells Fargo & Company reduced their target price on shares of Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Barclays boosted their target price on shares of Las Vegas Sands from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.47.

Las Vegas Sands Stock Performance

Shares of LVS stock opened at $45.46 on Thursday. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.31. The company has a market capitalization of $34.15 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. The company’s 50 day moving average price is $52.06 and its two-hundred day moving average price is $49.59. Las Vegas Sands has a 52 week low of $43.77 and a 52 week high of $65.58.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings data on Wednesday, April 17th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. Las Vegas Sands had a net margin of 13.99% and a return on equity of 41.81%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the company earned $0.28 earnings per share. The firm’s revenue was up 34.9% compared to the same quarter last year. On average, analysts expect that Las Vegas Sands will post 2.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the completion of the transaction, the chief executive officer now owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System raised its stake in Las Vegas Sands by 4.9% during the third quarter. California Public Employees Retirement System now owns 652,220 shares of the casino operator’s stock worth $29,898,000 after acquiring an additional 30,500 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Las Vegas Sands by 182.9% in the fourth quarter. Nordea Investment Management AB now owns 698,686 shares of the casino operator’s stock valued at $34,264,000 after buying an additional 451,710 shares during the period. DNB Asset Management AS increased its stake in shares of Las Vegas Sands by 50.4% in the fourth quarter. DNB Asset Management AS now owns 672,905 shares of the casino operator’s stock valued at $33,114,000 after buying an additional 225,351 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Las Vegas Sands by 15.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,195 shares of the casino operator’s stock valued at $467,000 after buying an additional 1,379 shares during the period. Finally, AM Squared Ltd acquired a new position in shares of Las Vegas Sands in the fourth quarter valued at approximately $3,076,000. Institutional investors and hedge funds 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.