Streetbeat News

LVS

Las Vegas Sands Corp.

https://www.sands.com

Industry

Gambling, Resorts & Casinos

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company also owns and operates The Venetian Resort Hotel Casino on the Las Vegas Strip; and the Sands Expo and Convention Center in Las Vegas, Nevada. Its integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.

Open

48.45

Mkt cap

35B

Volume

4.8M

High

48.78

P/E Ratio

23.74

52-wk high

55.66

Low

47.73

Div yield

0.02

52-wk low

36.62

Wall Street is expected to rebound from its April slump, with optimism around earnings season seen as a potential catalyst. Futures for major indices, including the S&P 500 and Nasdaq, are up in premarket trading. Federal Reserve Chair Jerome Powell's recent speech has led to adjusted expectations around interest rates, impacting bond yields. Companies like UnitedHealth Group reported positive earnings, while others like J.B. Hunt and United Airlines saw significant premarket stock movements following their earnings announcements. Upcoming economic data and earnings reports from companies such as Abbott Laboratories and CSX Corp are also in focus.

Portfolio Pulse from Shanthi Rexaline

April 17, 2024 | 11:09 am

Earnings reports for April 17, 2024, include a wide range of companies across various sectors, with projections covering earnings per share and revenue. Notable companies reporting include ASML Holding, VinFast Auto, Prologis, Abbott Laboratories, and U.S. Bancorp before the bell, and Exela Technologies, Las Vegas Sands, Equifax, Alcoa, and CSX after the bell.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 9:15 am

Recent analyst ratings for Las Vegas Sands (NYSE:LVS) show a predominantly bullish outlook, with 5 analysts offering perspectives ranging from bullish to somewhat bullish over the past three months. The average 12-month price target for LVS has been raised to $63.2, indicating a 7.12% increase from the previous target of $59. The company's financials reveal strong performance, with significant revenue growth, high net margin, and robust returns on equity and assets. Las Vegas Sands, now focusing entirely on its Asian and Singapore operations after selling its Vegas assets, is recognized for its strong market position and financial health.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:01 pm

Seaport Global analyst Vitaly Umansky has initiated coverage on Las Vegas Sands (LVS) with a Buy rating and set a price target of $63.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:00 pm

Las Vegas Sands (NYSE:LVS) has seen a 21.47% increase in its short percent of float since the last report, with 7.74 million shares sold short, representing 2.15% of its available trading shares. This increase in short interest indicates a more bearish market sentiment towards LVS, although it has less short interest compared to its peers' average of 4.36%. The article suggests that while an increase in short interest can signal bearish sentiment, it can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 1:15 pm

Barclays analyst Brandt Montour maintains an Overweight rating on Las Vegas Sands (LVS) and raises the price target from $57 to $60.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 7:22 pm

Morgan Stanley analyst Stephen Grambling has maintained an Overweight rating on Las Vegas Sands (LVS) and increased the price target from $61 to $62.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 5:18 pm

Las Vegas Sands Corp (NYSE:LVS) subsidiary Marina Bay Sands is enhancing its expansion project in Singapore, including a luxury hotel, entertainment arena, and more. Construction is set to begin by July 2025 with completion by July 2029. LVS shares rose 0.57% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 05, 2024 | 12:28 pm

Las Vegas Sands has announced planned design and program enhancements to Marina Bay Sands, signaling a significant investment in the property's future. This move is expected to enhance the visitor experience and potentially increase revenue for the company.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:22 am

Stocks fell as the dollar and Treasury yields rose following upbeat manufacturing data, indicating concerns over delayed Federal Reserve rate cuts. The ISM Manufacturing PMI for March exceeded expectations, leading to a rise in the U.S. dollar index and Treasury yields. The iShares 20+ Year Treasury Bond ETF (TLT) dropped over 2%, and the Cboe Volatility Index (VIX) surged by 8%. Commodities remained resilient, with gold, copper, and oil prices rallying. Bitcoin dropped below $69,000. Major indices and ETFs like SPY, DIA, and QQQ showed mixed performance. Sector-wise, XLE outperformed while XLRE lagged. Notable stock movements included a significant rise in Micron Technology (MU) and gains in Chinese stocks like BIDU, PDD, NIO, and BABA. Crypto-related stocks MARA and RIOT fell, while casino stocks WYNN and LVS rose.

Portfolio Pulse from Piero Cingari

April 01, 2024 | 5:48 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.