Las Vegas Sands Corp. (NYSE:LVS) is down -8.64% year-to-date, analysts forecast major price rally

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Las Vegas Sands Corp. (NYSE:LVS) traded at $54.69 at last check on Wednesday, Jan 20, made an upward move of 0.44% on its previous day’s price.

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Looking at the stock we see that its previous close was $54.45 and the beta (5Y monthly) reads 1.43 with the day’s price range being $54.09 – 54.82. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, LVS has a high of $71.38 and a low of $33.3. The company’s stock has gained about -5.53% over that past 30 days.

Las Vegas Sands Corp. has a market cap of $43.33 Billion and is expected to release its quarterly earnings report on Jan 27, 2021- Feb 01, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the LVS stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.31, with the EPS growth for the year declined at -$2.05 for 2021 and $1.24 for next year. These figures represent -1.63% and -1.6% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.29 Billion, with a low of $1.02 Billion and a high of $1.82 Billion. The median projection represents growth adding up to -63.1% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $3.75 Billion, or -72.7% down from figures reported last year.

On the other hand, looking at the outlook for the LVS stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 18 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the Las Vegas Sands Corp. (LVS) stock as a Hold, while 10 rate it as a Buy. 1 analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the LVS stock currently stands at 0, and the most recent price level today is -4.4% off its SMA20 and -4.39% from its 50-day simple moving average. The RSI (14) is pointing at 41.97 while the volatility over the past week is 4.02% and drops to 3.18% over the past one month. The beta value is 1.43, while the average true range (ATR) is currently pointing at 1.86. The average price target for the stock over the next 12 months is $63.01, with the estimates having a low of $47 and a high of $84. These price ends are -14.06% and +53.59% off the today’s price level respectively, although investors could be excited at the prospect of a +17.94% if the LVS share price touches on the median price of $64.5.

Let’s briefly compare Las Vegas Sands Corp. (LVS) stock to its peers. We find that today’s price change of +0.44% and -26.48% over the past 12 months for LVS competes that of Draftkings Inc (DKNG), which has seen its stock price rise 3.57% in the latest trading session and is +277.97% over the last one year. Another of its peers Penn Natl Gaming Inc (PENN) has climbed 4.93% today, and was +286.23% up over the past year, while MGM Resorts International (MGM) is also up 0.44% yet, while its price remains in the red at -26.48% over the same period. Las Vegas Sands Corp. has a P/E ratio of 0 compared to Draftkings Inc’s 0 and Penn Natl Gaming Inc’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.36% and 0.78%, respectively, in early deals.

Coming back to Las Vegas Sands Corp. (NYSE:LVS), we note that the average 3-month trading volume was 5.25 Million, while that of the preceding 10-day period stands at 7.32 Million. Current shares outstanding are 763.83 Million.

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According to data from Thomson Reuters, insiders hold 56.7% of the company’s shares while institutions hold 39.54%. The data shows that short shares as of December 30, 2020, stood at 10.55 Million at a short ratio of 2.94. This represents a 1.38% short interest in shares outstanding on December 30, 2020. Shares short dropped in December from the previous month at 13.63 Million. Investors should be worried about this stock as its upside potential is weak, with today’s price pushing the stock -8.64% down in year-to-date price movement.


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