Home » Analysts Love the Las Vegas Sands Despite Stock Drop
Land Based Casino

Analysts Love the Las Vegas Sands Despite Stock Drop

Las Vegas

It isn’t all negative for the Las Vegas Sands. Even though the stock dropped to $53.72, a new low, analysts are optimistic long term.

Stock fluctuations aren’t all bad

The pattern of declines has reached 6% in the last month and the stock continues to fluctuate.

Nonetheless, the long-range picture isn’t bad. Things could get better in Macau whose gambling regulator is reporting losses for August with profits down from last year at this time. Of course, the LVS is a dominant player in this market with five casinos.

Experts at Stifel Investment Banking expect a better economic outlook for the Las Vegas Sands.

According to Steven Wieczynski,

“Given our expectation for continued outsized growth within Macau’s mass market gaming segment, we continue to favor exposure to Macau’s most dominant mass market player, LVS.”

While the US-China trade war hasn’t helped gaming in this area, Wiecznski expects little tempering of his long-term enthusiasm.

“We believe LVS’ unrivaled scale and investments for the future position its Macau business to remain a leader in the world’s premiere gaming market for the foreseeable future.”

Additionally, the company’s impeccable balance sheet not only adds a level of safety and security to the picture, but also favorably positions it to successfully pursue any global integrated resort development opportunities of size that come along in the future.
All will be revealed in due time. Other analysts are echoing his views. They agree that LVS is stronger than ever.

Source: https://calvinayre.com/2019/09/04/casino/analysts-still-see-las-vegas-sands-as-a-long-term-favorite/

Tags

About the author

Carol Kay

Carol Kay

Carol Kay is an American editor and writer living in California with a background in business and finance, health and fitness and popular culture. She is the author of numerous books and articles on a variety of subjects. She is dedicated to disseminating information of public import on the internet.

Add Comment

Click here to post a comment

The following GDPR rules must be read and accepted:
This form collects your name, email and content so that we can keep track of the comments placed on the website. For more info check our privacy policy where you will get more info on where, how and why we store your data.