Las Vegas Sands Corp (NYSE: LVS): Decline Of -59.78% Looks Weak With A Stock Forecast 2024

In today’s recent session, 1.98 million shares of the Las Vegas Sands Corp (NYSE:LVS) have been traded, and its beta is 1.12. Most recently the company’s share price was $43.81, and it changed around -$0.56 or -1.26% from the last close, which brings the market valuation of the company to $32.64B. LVS at last check was trading at a discount to its 52-week high of $61.25, offering almost -39.81% off that amount. The share price’s 52-week low was $42.99, which indicates that the recent value has risen by an impressive 1.87% since then. We note from Las Vegas Sands Corp’s average daily trading volume that its 3-month average coming to 5.75 million.

Las Vegas Sands Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.29. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 5 recommended LVS as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight.

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Las Vegas Sands Corp (NYSE:LVS) trade information

Instantly LVS has been showing red trend so far today with a performance of -1.26% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -10.97% year-to-date, but still down -1.11% over the last five days. On the other hand, Las Vegas Sands Corp (NYSE:LVS) is -2.38% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $60, which translates to bulls needing to increase their stock price by 26.98% from its current value. Analyst projections state that LVS is forecast to be at a low of $40 and a high of $70.

Las Vegas Sands Corp (LVS) estimates and forecasts

Las Vegas Sands Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -10.45 percent over the past six months and at a 39.15% annual growth rate that is well above the industry average of 7.40%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -12.26%. Las Vegas Sands Corp earnings are expected to increase by 51.42% in 2024, but the outlook is negative -1.75% per year for the next five years.

LVS Dividends

Las Vegas Sands Corp’s next quarterly earnings report is expected to be released in July. The annual dividend yield of the stock is 1.83 percent and its annual dividend per share was 0.80. It is important to note, however, that the 1.83% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.