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Headquartered in Las Vegas, Nevada, Las Vegas Sands Corp. (LVS) is a global developer and operator of integrated resorts and casinos. With a market cap of $28.68 billion, Las Vegas Sands is renowned for its world-class hospitality, gaming, and entertainment offerings. The company operates iconic U.S. and Asian properties, serving as a premier destination for leisure and business travelers.
Shares of LVS have significantly underperformed the broader market over the past year. The stock has declined 33.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 15.1%. In 2024 alone, LVS stock is down 21.8%, compared to SPX's 9% gains on a YTD basis.
Narrowing the focus, LVS’ underperformance looks less pronounced when measured against the Consumer Discretionary Select Sector SPDR Fund (XLY). The exchange-traded fund has declined 1.9% over this period. Also, the stock's YTD loss is much higher than the exchange-traded fund's 4.9% decline over the same time frame.
On Jul. 25, Las Vegas Sands shares lost 2.35% following its Q2 revenue and EPS falling short of expectations.
For the current fiscal year, ending in December, analysts expect LVS’ EPS to grow 31.2% to $2.48 on a diluted basis. The company's earnings surprise history is mixed. It beat the consensus estimate in two of the last four quarters while missing on two other occasions.
Among the 14 analysts covering LVS stock, the consensus rating is a “Strong Buy.” That’s based on 11 “Strong Buy” ratings, one “Moderate Buy,” and two “Holds.”
On Jul. 25, Steven Wieczynski from Stifel Nicolaus maintained a “Buy” rating on Las Vegas Sands with a price target of $55, implying a potential upside of 42.9% from current levels.
The mean price target of $55.20 represents a 43.5% premium to LVS’ current price levels. The Street-high price target of $76 suggests an ambitious upside potential of 97.5%.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
