Las Vegas Sands Corp.’s Stock Price Soars to $45.91, Marking a Robust Increase of 2.91%

Las Vegas Sands Corp. (LVS)

45.91 USD +1.30 (+2.91%) Volume: 14.19M

Las Vegas Sands Corp.’s stock price is currently trading at 45.91 USD, marking a positive session change of +2.91%. Despite a trading volume of 14.19M, the stock has seen a YTD decrease of -6.71%, indicating potential for growth and investment opportunities.

Latest developments on Las Vegas Sands Corp.

Las Vegas Sands Corp. (NYSE:LVS) has been making headlines recently, with Los Angeles Capital Management LLC increasing its stake in the company. The Thurgood Marshall College Fund also selected 15 HBCU students for an immersive Las Vegas experience. Meanwhile, debates over the Nassau Hub lease transfer are impacting the future of Las Vegas Sands‘ casino plans. Vanguard Group Inc. holds a significant amount of stock in the company, while sustainability efforts, such as Sustainable Gastronomy Day 2024, are being advanced by Sands. Miriam Adelson’s donation to a Super PAC supporting Ted Cruz adds another layer of intrigue to the ongoing developments surrounding Las Vegas Sands.

Las Vegas Sands Corp. on Smartkarma

Analyst coverage on Las Vegas Sands by Baptista Research on Smartkarma indicates a bullish sentiment towards the company’s future growth prospects. In their research report titled “Las Vegas Sands Corp.: These Are The 6 Pivotal Drivers Propelling The Company Forward! – Financial Forecasts,” the analysts highlight the company’s confidence in the Macao market’s growth. Despite disruptions from capital investment programs, Las Vegas Sands has shown solid results and aims for Macao’s annual gaming revenue to reach $40 billion in the coming years.

Furthermore, in another report titled “Las Vegas Sands Corp.: Intense Competition in the Premium Mass Segment & 3 Other Major Challenges In Its Path! – Key Drivers,” Baptista Research notes that Las Vegas Sands reported a significant enhancement in EBITDA for the quarter, following the end of the coronavirus pandemic. The analysts anticipate robust growth in both gaming and non-gaming revenues, driven by the company’s strong position in non rolling table win, rolling table win, and slot ETG win in Macao.

A look at Las Vegas Sands Corp. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Las Vegas Sands Corp. has a mixed outlook according to Smartkarma Smart Scores. While the company scores well in Growth and Dividend factors, with a score of 4 and 3 respectively, its Value and Resilience scores are lower at 2 each. This suggests that there may be potential for growth and a decent dividend yield, but investors should be aware of the company’s valuation and resilience in the face of challenges.

Las Vegas Sands Corp. owns and operates casino resorts and convention centers in the United States, Macau, and Singapore. With a focus on providing gaming activities, entertainment, and accommodations, as well as hosting various events and shows, the company plays a significant role in the hospitality and entertainment industry. Investors should consider the company’s Smart Scores to gauge its long-term prospects and make informed decisions about their investments in Las Vegas Sands.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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