Las Vegas Sands Corp (NYSE: LVS): To Buy Or Not To Buy, That Is The Question

Las Vegas Sands Corp (LVS) concluded trading on Thursday at a closing price of $51.61, with 2.59 million shares of worth about $133.5 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.42% during that period and on April 11, 2024 the price saw a loss of about -0.48%. Currently the company’s common shares owned by public are about 753.45M shares, out of which, 410.70M shares are available for trading.

However, the stock later moved at a day high price of 53.35, or with a loss of -0.48%. Stock saw a price change of -1.86% in past 5 days and over the past one month there was a price change of -2.53%. Year-to-date (YTD), LVS shares are showing a performance of 4.88% which decreased to -7.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $43.77 but also hit the highest price of $65.58 during that period. The average intraday trading volume for Las Vegas Sands Corp shares is 4.34 million. The stock is currently trading -0.37% below its 20-day simple moving average (SMA20), while that difference is down -1.30% for SMA50 and it goes to 0.86% higher than SMA200.

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Las Vegas Sands Corp (NYSE: LVS) currently have 753.45M outstanding shares and institutions hold larger chunk of about 45.56% of that.

The stock has a current market capitalization of $38.89B and its 3Y-monthly beta is at 1.15. PE ratio of stock for trailing 12 months is 32.31, while it has posted earnings per share of $1.60 in the same period. It has Quick Ratio of 1.30 while making debt-to-equity ratio of 3.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LVS, volatility over the week remained 1.80% while standing at 2.04% over the month.

Stock’s fiscal year EPS is expected to rise by 40.90% while it is estimated to increase by 16.37% in next year. EPS is likely to grow at an annualized rate of -1.75% for next 5-years, compared to annual growth of -12.26% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on March 26, 2024 offering a Buy rating for the stock and assigned a target price of $70 to it. Coverage by Susquehanna stated Las Vegas Sands Corp (LVS) stock as a Positive in their note to investors on December 15, 2023, suggesting a price target of $59 for the stock. On June 08, 2023, Jefferies Downgrade their recommendations, while on April 20, 2023, Wells Fargo Reiterated their ratings for the stock with a price target of $71. Stock get a Buy rating from Stifel on April 20, 2023.

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