Las Vegas Sands Corp. (LVS) Could Go Up In Smoke?

Analysts at Bernstein, assumed coverage of Las Vegas Sands Corp. (NYSE:LVS) with Outperform recommendation, according to their opinion released on November 15. HSBC Securities analysts bumped their recommendation on LVS stock from Hold to Buy in a separate flash note to investors on October 16. Analysts at Stifel are sticking to their Buy recommendation. However, on July 26, they lifted target price for these shares to $86 from $88. Analysts at Stifel, made their first call for the stock with a Buy rating, according to a research note that dated back to July 26.

By watching the trading activity of corporate insiders, it will become easier to get a sense of Las Vegas Sands Corp. (NYSE:LVS)’s prospects. The earliest insider trade took place on 09/06/2018. Jacobs Lawrence A parted with a total of 66.67 thousand shares of company at average share price of $60.95. The total for the sales was set at $4.06 million. After this transaction, the EVP & Global General Counsel account balance stood at 0 thousand shares. The stock lost -2.21 percent since that insider sale. On 07/31/2018, Goldstein Robert G, President & COO, purchased 10 thousand shares at a price per share of $71.13. This added 711.3 thousand shares to the insider’s fortune and the stock saw a -16.21 percent retreat in value since the news became public. This transaction left 137.06 thousand shares in the President & COO account. On 03/13/2018, President & COO Goldstein Robert G performed a sale transaction worth $2.98 million. This sale at $76 each has eliminated 39.16 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -21.58 percent decrease since the transaction was reported. The insider now is left with 127.06 thousand shares remaining in the account. Jamieson George, who performs the Director job, bought 1 thousand shares for $66.96 thousand. The acquisition occurred on 11/14/2017 was priced at $66.96 per share. The share price plunged -10.99 percent since the reporting date. Jamieson George now left with a stake of 7.49 thousand LVS stock worth $446.28 thousand after the insider buying.

Las Vegas Sands Corp. (LVS) is expected to jump by 9.41 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $83 price as 12-month high target. This represents a whopping 39.26 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $64.5, which represents a return potential of 8.22 percent when compared to the closing price of the stock of $59.6 on Monday, February 11. The lowest price target for the stock is $54 — slightly more than -9.4 percent from LVS’s current share price.

The shares are currently floating around the first support level of $58.9. Below this, the next support is placed in the zone of $58.19. Till the time, the LVS stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 58.44 on daily chart, which may remain a cause for concern. If the price breaks below $58.19 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $60.13 mark may result into a pull-back move towards $60.65 level.

LVS shares accumulated 0.59 points or 1 percent on Monday to $59.6 with a light trade volume of 2.57 million shares. After opening the session at $59.52, the shares went as high as $59.95 and as low as $58.72, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $47.1 billion and now has 789.4 million shares outstanding. Las Vegas Sands Corp. (LVS) stock has gained 5.06 percent of market value in 21 trading days.

LVS stock has a trailing 3-year beta of 1.44, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $3.14 a share in the trailing twelve months. The stock’s value has surged 14.51 percent year to date (YTD) against a decline of -16.04 percent in 12 month’s time. The company’s shares still trade -26.83 percent away from its 1-year high of $81.45 and 25.76 percent up from 52-week low of $47.39. The average consensus rating on the company is 2.3, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of Las Vegas Sands Corp. (LVS) are trading at a P/E ratio of 18.8 times earnings reported for the past 12 months. The industry LVS operates in has an average P/E of 16.83. Its P/E ratio went as low as 16.54X and as high as 25.43 over the 5-year span. Further, it is sporting a 3.43 on the Price-to-Sales ratio. Compare this with the industry average P/S of 3.81. 46.2 percent is the gross profit margin for Las Vegas Sands Corp. and operating margin sits at 27.9 percent. Along with this, the net profit margin is 27.6 percent.

LVS will be showing off its Q1 earnings on April 24. Analysts are forecasting revenue to suffer decline of -3.2 percent to $3.46B in the next fiscal quarter, while earnings are seen soaring by nearly -17.31 percent to $0.86 per share. History has shown that shares in Las Vegas Sands Corp. have gone down on 19 different earnings reaction days and are predicted to add 0.03 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.77 per share, worse than the $0.84, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $3.48B, worse than the $3.52B analysts expected. Earnings are estimated to increase by 37 percent this year, 7.96 percent next year and continue to increase by 4.43 percent annually for the next 5 years.