5 Reasons To Bet On Las Vegas Sands (LVS) Stock Right Now
Zacks Investment Research | Mar 18, 2018 11:38PM ET
A wise investment decision involves buying well-performing stocks at the right time while selling those that are at risk. A rise in share price and strong fundamentals signal a stock’s bullish run.
Las Vegas Sands Corp. (NYSE:LVS) has performed extremely well so far this year and possesses a great potential to carry the momentum forward. Therefore, if you have not taken advantage of the share price appreciation yet, it’s time you add this gaming stock to your portfolio.
Let’s check out why Las Vegas Sands is an attractive pick right now.
Impressive Run on the Bourse
A glimpse of the company’s price trend reveals that the stock has had an impressive run on the bourse over the past six months. Las Vegas Sands returned 30.9%, which compared favorably with the S&P 500’s gain of 16.3%.
Favorable Zacks Rank and Style Scores
Las Vegas Sands carries a Zacks Rank #2 (Buy), Las Vegas Sands Corp. Quote
Growth Drivers
Las Vegas Sands has a strong portfolio, solid business model, extensive non-gaming revenue opportunities, high quality assets and attractive property locations. The strong portfolio has significantly aided the company in withstanding the economic downturn in China thus protecting its Macao operations. Moreover, some entertainment offerings in the pipeline are expected to deliver increased profitability across the company’s properties.
Additionally, the company remains focused on a convention-based Integrated Resort business model. Notably, this model helps in generating the most diversified set of cash flows and profit from non-gaming segments, besides bringing unsurpassed economic and diversification benefits to the regions in which it operates. In fact, non-gaming revenues have relatively improved over the past few quarters.
The company is also concentrating on renovation and promotion of its Las Vegas properties in order to drive segmental performance. The Las Vegas Strip has been recording high occupancy rates over the past year. The improvement in employment rate and rise in tourism numbers has been boosting demand at the company’s properties in the region.
Other Stocks to Consider
Some other top-ranked stocks in the same space are Wynn Resorts, Limited (NASDAQ:WYNN) , Churchill Downs, Incorporated (NASDAQ:CHDN) and Monarch Casino & Resort (NASDAQ:MCRI) , each carrying a Zacks Rank #2. You can see Zacks Investment Research
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