Las Vegas Sands Corp.’s Stock Price Soars to $53.18, Marking a Positive Surge of 2.86%

Las Vegas Sands Corp. (LVS)

53.18 USD +1.48 (+2.86%) Volume: 4.67M

Las Vegas Sands Corp.’s stock price is currently standing strong at 53.18 USD, demonstrating a positive trading session with a 2.86% rise, backed by a robust trading volume of 4.67M. With a year-to-date percentage change of +8.07%, LVS stock continues to showcase a promising performance in the market.

Latest developments on Las Vegas Sands Corp.

Las Vegas Sands Corp. stock has been outperforming the market on a strong trading day, gaining 6.75% in a week, buoyed by significant corporate developments. The company has made a substantial investment in its legal chief, quadrupling his pay, indicating confidence in their legal strategy. This comes at a crucial time as a petition to legalize gambling in Texas is awaiting legislation, a move that could potentially expand Sands’ market. Furthermore, Pinnacle Associates Ltd. has shown its faith in the company’s prospects by purchasing 128,084 shares of Las Vegas Sands Corp.

Las Vegas Sands Corp. on Smartkarma

Las Vegas Sands, a well-known casino company, has been receiving a lot of attention from top independent analysts on Smartkarma, an independent investment research network. According to Howard J Klein, a provider on Smartkarma, the sentiment towards Las Vegas Sands is currently considered an outlier, causing the stock to be vastly undervalued. Klein believes that the stock should be valued at $70, which is a more accurate reflection of the company’s strong recovery performance post-COVID. However, the market has not yet fully grasped the potential of the Asian gaming recovery, which is expected to reach baseline 2019 levels by 2024. Despite this, Las Vegas Sands has the scale and amenities to outperform its peers, making it an attractive investment opportunity.

Another insight by Howard J Klein on Smartkarma suggests that Las Vegas Sands is a clear-cut buy on the dip strategy. While concerns about the Asia gaming recovery have kept the stock undervalued, the company has been ramping up faster than most forecasts. Klein believes that the monthly gross gaming win trends do not accurately reflect the state of the Chinese economy. With an imminent earnings release in the third quarter of 2023, Klein expects Las Vegas Sands to surprise investors with positive results. This reinforces his strong conviction that Las Vegas Sands is a solid investment opportunity, despite being undervalued for a long time.

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. is a company that owns and operates casino resorts and convention centers. They are based in the United States, but also have locations in Macau and Singapore. Their casinos offer a variety of gaming options and entertainment, as well as accommodations for overnight stays. Additionally, their expo centers host a range of events such as entertainment shows and expositions. Based on the Smartkarma Smart Scores, Las Vegas Sands has a positive long-term outlook with a high score of 4 for growth and momentum, indicating potential for future success and expansion.

While Las Vegas Sands may have a lower score of 2 for value and resilience, this does not necessarily reflect poorly on the company. It simply means that they may not be considered undervalued in the market or as financially stable as some other companies. However, with a solid score of 3 for dividends, investors can still expect to receive a steady stream of income from the company. Overall, Las Vegas Sands has a promising future ahead, with strong potential for growth and success in the casino and entertainment industry.

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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