Las Vegas Sands (NYSE:LVS) Stock Gets Price Target Cut from Mizuho

Las Vegas Sands (NYSE:LVS – Free Report) had its price objective trimmed by Mizuho from $61.00 to $54.00 in a report issued on Thursday, Marketbeat.com reports. The firm currently has an outperform rating on the casino operator’s stock.

A number of other brokerages have also weighed in on LVS. JPMorgan Chase & Co. cut their price objective on Las Vegas Sands from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, October 20th. Morgan Stanley decreased their target price on Las Vegas Sands from $61.00 to $55.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, July 30th. Susquehanna cut their price target on shares of Las Vegas Sands from $63.00 to $51.00 and set a “positive” rating on the stock in a report on Wednesday. Finally, Barclays cut their price target on shares of Las Vegas Sands from $57.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $53.28.

Get Our Latest Analysis on LVS

Las Vegas Sands Trading Down 2.4%

NYSE:LVS opened at $35.64 on Thursday. Las Vegas Sands has a 12 month low of $35.03 and a 12 month high of $70.45. The firm has a fifty day simple moving average of $40.84 and a 200-day simple moving average of $46.65. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 15.27. The company has a market capitalization of $23.08 billion, a P/E ratio of 14.61, a PEG ratio of 0.96 and a beta of 0.78.

Las Vegas Sands (NYSE:LVS – Get Free Report) last issued its earnings results on Wednesday, October 21st. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.14). The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Las Vegas Sands had a return on equity of 129.62% and a net margin of 11.85%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $0.78 EPS. On average, equities research analysts anticipate that Las Vegas Sands will post 2.90 earnings per share for the current year.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Monday, November 2nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, November 2nd. Las Vegas Sands’s dividend payout ratio (DPR) is presently 49.18%.

Institutional Trading of Las Vegas Sands

A number of institutional investors and hedge funds have recently modified their holdings of LVS. Bamco Inc. NY purchased a new stake in shares of Las Vegas Sands during the second quarter valued at $174,796,000. The Manufacturers Life Insurance Company purchased a new position in Las Vegas Sands in the 2nd quarter worth about $107,407,000. Legal & General Group Plc purchased a new position in Las Vegas Sands in the 2nd quarter worth about $83,696,000. Amundi increased its stake in Las Vegas Sands by 157.2% in the 1st quarter. Amundi now owns 2,864,789 shares of the casino operator’s stock worth $154,355,000 after purchasing an additional 1,750,758 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Las Vegas Sands in the 2nd quarter worth about $67,068,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Key Las Vegas Sands News

Here are the key news stories impacting Las Vegas Sands this week:

  • Positive Sentiment: The board raised its 2027 dividend by 20%, while the company continues returning capital through repurchases. Buybacks have reduced the share count by roughly 19% over the past 12 quarters. LVS 3Q net income dips 27pct y-o-y, board ups 2027 dividend by 20pct
  • Positive Sentiment: Las Vegas Sands reported that its Macao mass-gaming market share reached 26.1%, supporting the company’s strategy of investing further in Macao. Its stake in Sands China has risen above 75.5%. Las Vegas Sands: 3 Key Takeaways for Long-Term Investors
  • Positive Sentiment: Management characterized the quarter as potentially “aberrational” and remained upbeat about the longer-term outlook, including recovery potential in high-end play and continued global demand. LVS chairman Dumont calls 3Q aberrational
  • Neutral Sentiment: Analyst sentiment is mixed. Mizuho kept an “outperform” rating despite cutting its price target to $54, while Bank of America lowered its target to $45 and maintained “neutral.” Jefferies reduced its target to $37 and kept a “hold” rating. BofA Securities Adjusts Las Vegas Sands Price Target
  • Negative Sentiment: Third-quarter revenue was $3.22 billion, below the $3.33 billion FactSet consensus, while adjusted earnings of $0.54 per share missed estimates near $0.68–$0.71. Revenue declined 3.5% year over year. LVS Earnings Flash
  • Negative Sentiment: Net income fell 27% year over year as soft premium gaming in Macao and Singapore, along with higher costs, pressured profitability. JPMorgan also reduced its fourth-quarter forecasts, citing uncertainty around a high-end recovery. LVS Q3 Earnings and Revenues Miss

About Las Vegas Sands

(Get Free Report)

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.

Further Reading

Analyst Recommendations for Las Vegas Sands (NYSE:LVS)

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