Las Vegas Sands Corp. (LVS) Monthly Overview
Publication Date: September 22, 2024
Las Vegas Sands Corp. (LVS) is a premier player in the Consumer Cyclical sector, primarily focused on developing, owning, and operating integrated resorts in Macao and Singapore. Established in 1988 and headquartered in Las Vegas, Nevada, LVS is renowned for its flagship properties including The Venetian Macao Resort Hotel and Marina Bay Sands. These resorts boast a comprehensive array of amenities, from luxurious accommodations and gaming facilities to diverse entertainment options, retail spaces, and fine dining experiences. As a leading figure in the Resorts & Casinos industry, LVS is strategically positioned to benefit from the growing demand in the hospitality market.
Market Performance and Growth Potential
The Resorts & Casinos industry continues to display robust performance indicators, supporting a buy recommendation for LVS. With a substantial total revenue of approximately $11.43 billion, the sector reflects strong consumer engagement and spending, pointing toward significant growth opportunities. Current analyst projections predict a positive outlook for LVS, with a target high price of $70.00 and an average target price of $53.40. This range signals considerable upside potential as consumer trends persistently favor leisure and entertainment activities.
A total of 736,432,000 shares are outstanding for LVS, with roughly 12,750,442 shares currently shorted, indicating a short percentage of the float at 0.0327%. This low short percentage suggests limited bearish sentiment among investors regarding the stock’s near-term performance. The present market price for LVS is $41.98, which sits above the fifty-day moving average of $40.10. Comparatively, over the past year, the stock has fluctuated between a high of $55.66 and a low of $36.62, revealing ample room for price recovery, while currently standing 24.6% below its fifty-two-week high.
Analyst Insights and Recommendations
In-depth analysis by 18 analysts provides a robust foundation for LVS’s investment prospects. The average target price of $53.40, coupled with a target high of $70.00 and a target low of $44.00, indicates a balanced outlook on the stock’s potential performance. An aggregated recommendation mean of 2.0 reinforces the strong consensus among investors and analysts, suggesting a favorable stance towards LVS as a solid investment choice.
While data on EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) remains unavailable, the current financial indicators and market analysis underscore the operational success and significant scale of Las Vegas Sands Corp. Overall, the company’s strategic positioning in a thriving industry makes it a compelling consideration for investors looking for growth in the thriving landscape of leisure and entertainment.
| Metric | Value |
|---|---|
| Market Cap | $30.9b |
| Total Debt | $13.7b |
| Total Cash | $4.7b |
| Shares Outstanding | 736.4m |
| Float Shares | 374.2m |
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