Las Vegas Sands Corp.’s Stock Price Tumbles to $45.88, Slips by 8.66% in a Market Downfall

Las Vegas Sands Corp. (LVS)

45.88 USD -4.35 (-8.66%) Volume: 21.51M

Las Vegas Sands Corp.’s stock price is currently trading at 45.88 USD, experiencing a significant drop of -8.66% this session with a trading volume of 21.51M. The year-to-date performance also shows a decline of -6.77%, reflecting a cautious sentiment among investors towards LVS stocks.

Latest developments on Las Vegas Sands Corp.

Las Vegas Sands‘ stock price experienced significant movement today following a series of events. The casino operator reported stronger-than-expected Q1 2024 results, with a 39.6% Y/Y growth and surpassing analyst revenue forecasts, thanks to a tourism rebound and strength in its Singapore business. Despite these gains, the company’s shares traded lower, attributed to disruptions from Macau remodeling and softer Macau results. Additionally, analysts adjusted their forecasts and stock targets for Las Vegas Sands post-Q1 results, contributing further to the stock’s volatility.

Las Vegas Sands Corp. on Smartkarma

Analysts on Smartkarma have been closely covering Las Vegas Sands, with insights from top independent analysts like Baptista Research and Howard J Klein. Baptista Research highlighted the intense competition in the premium mass segment and other challenges facing the company. They noted significant enhancements in Macao’s EBITDA, with anticipated growth in gaming and non-gaming revenues. On the other hand, Howard J Klein made a bullish case for Las Vegas Sands, suggesting a target price of $70 due to its recovery performance post-COVID. Despite being undervalued, Klein believes the market has not fully recognized the company’s potential in the Asian gaming market.

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. With a Growth score of 4 and Momentum score of 4, the company is positioned well for future expansion and market performance. However, its Value and Resilience scores are lower at 2, indicating potential challenges in terms of financial health and stability. The Dividend score falls in the middle at 3, suggesting a moderate level of dividend payouts for investors. Overall, Las Vegas Sands Corp. shows promise for growth and market momentum, but may face some obstacles in terms of value and resilience.

Las Vegas Sands Corp. operates casino resorts and convention centers in the United States, Macau, and Singapore. The company’s focus on gaming activities, entertainment, and accommodations at its casinos, along with hosting entertainment shows and expositions at its expo centers, positions it as a key player in the hospitality and entertainment industry. With a solid Growth score of 4 and Momentum score of 4, Las Vegas Sands Corp. appears to be on a path of continued success and expansion. Investors may find opportunities in the company’s growth potential, despite some challenges in terms of value and resilience.

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.
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